Slide 1: Bit Digital is a global platform for HPC infrastructure and digital asset production
Bit Digital is a global platform for high - performance computing (HPC) infrastructure and digital asset production Nov 2024
Slide 2: Risk factors and safe harbor statement
Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward - looking statements described under "Risk Factors" in Item 3.D of our Annual Report on Form 20 - F for the fiscal year ended December
Slide 3: The New Bit Digital: Bridging Digital Infrastructure and Assets
AI / HPC Data Center MW Online 4 MW Total P i p e li n e 1 280+ MW The New Bit Digital Bridging Digital Infrastructure and Assets GPU Cloud GPU Contract Value 2 >$280M Bitcoin Mining & Ethereum Staking # of ETH 3 27,389 Mining Fleet 3 2 . 4 3 E H / s Distinct and established business lines across th
Slide 4: Balance Sheet Remains a Competitive Advantage
Balance Sheet Remains a Competitive Advantage Notes: Data as of 9/30/2024. 1 Total liquidity includes $103.2MM of cash and cash equivalents,$2.4MM of restricted cash, & $118.0MM worth of BTC, ETH and USDC. 2 Cash includes $103.2MM of cash and cash equivalents and $2.4MM of restricted cash. 3 This fi
Slide 5: Third Quarter 2024 Highlights
Third Quarter 2024 Highlights Notes: Active hash rate as of 9/30/24 compared to 9/30/23 3 Q Q 3 + 2 6% + 2 y Fi u Gross Margin increased ~800 bps to 31.9% Total Revenue ($MM) increased 96% to $22.7 million for Q3 2024 Active Hash Rate (EH/s) increased 101.7% to 2.4 EH/s BTC Mined decreased 59% to 16
Slide 6: Bit Digital Acquires Enovum Tier Data Center Platform
Bit Digital Acquires Enovum Tier 3 Data Center Platform Total purchase consideration $46.0 million USD, adding 4 MW of AI / HPC data center capacity today, with an additional 33 MW under exclusive LOI and a total expansion pipeline of 280+ MW. x Price: $46.0 million USD (cash) x Operational MW: 4 MW
Slide 7: MTL1 Data Center Overview
MTL1 Data Center Overview MTL1 Site Overview x Prime metropolitan location in heart of Montreal, Canada x ~65,000 sq. ft. of facility space x Fully powered by sustainable, hydroelectric power x Leased through 2036 with two 5 - year extension options x Tier 3 equivalent with 2N electrical distributio
Slide 8: MTL1 Data Center Key Features
MTL1 Data Center Key Features MTL1 is designed as a true tier 3 data center, with multiple layers of redundancy and unparalleled uptime. 8 2 N E l ec t ri c a l A r c h i t e c t u r e x 2N redundant power distribution system x A and B independent power distribution paths available x Allows for main
Slide 9: Acquisition Diversifies Existing Business Lines and Customers
Acquisition Diversifies Existing Business Lines and Customers MTL1 Customers by Industry AI / GPU C l oud : 91% VFX: 5% C l oud : 2% E n t e r p r i se : 2% Operational Highlights x High - density server racks capable of offering solutions for a wide range of uses from data - intensive applications
Slide 10: Illustrative Economics: Colocation & On Demand Computing
Illustrative Economics Colocation & On Demand Computing 1. Inclusive of energy expense 2. Assumes $2.00 - $2.75 per GPU hour for illustrative purposes 3. A s s ume s G P U c apa ci t y i s 100 % o w ne d GPU - as - a - Service AI/HPC Colocation ($ in USD) Well - funded startups, Enterprises Enterpri
Slide 11: Platform Expansion Roadmap
4 33 60 75 120 Current Exclusive LOI Non - Exclusive LOI Pending Due Dilligence Under Review 8 20 ~ 48 4 12 32 Potential for 80+ Current 2Q25 4Q25 1. Assumes adequate access to financing options and sufficient equipment lead time 2. Represents capacity for future site expansion. Sites under exclusiv
Slide 12: Sustainable Operational Synergies
Sustainable Operational Synergies x Management platform already built out – no additional G&A required to complete expansion sites currently in progress x Leverage Enovum platform across a large portfolio of sites x Opportunity for revenue synergies from Remote Hand services for GPU customers hosted
Slide 13: Expansion Strategies
Expansion Strategies The Enovum team’s experience and unique market opportunity provide Bit Digital with a robust platform for significant expansion and growth. Development Pipeline 90+ MW under exclusive or non - exclusive letters of intent with s i gn i f i ca n t n e a r - t e r m a c t i o na b
Slide 14: Select Comparable Company Analysis
Select Comparable Company Analysis • Pure - play digital asset miners • Includes: MARA; CLSK; RIOT; BITF D i g i t a l A ss e t M i n e r s • Digital asset miners with AI / HPC operations • Includes: CORZ; WULF; IREN; NB2 H y b r i d M i n e r s • Pure - play tier 3 data center owners and operators
Slide 15: Bit Digital AI Overview
Bit Digital AI Overview In the rapidly evolving cloud computing landscape, many competitors have entered the market, viewing it as simply a matter of deploying capital, racking and stacking GPUs, and handing over SSH keys. This oversimplification has led to solutions that fall short on performance a
Slide 16: Bit Digital AI Technology Partners
Bit Digital AI Technology Partners As official partners with the NVIDIA Partner Network and Dell Technology Partner Program, Bit Digital AI enhances its capabilities to deliver robust and scalable cloud solutions. Leveraging these partnerships enables Bit Digital to offer comprehensive cloud service
Slide 17: Anchor Customer Secured
Anchor Customer Secured November 2023: Finalized contract to provide GPU resources to a customer for an initial three - year period January 2024: Contract upsized by an additional 512 H100 GPUs Bit Digital currently provides its customer with computational power from 2,048 GPUs for three years, repr
Slide 18: Bit Digital AI to drive long-term value creation
Bit Digital AI to drive long - term value creation Core Features Integral part of the AI supply chain Unique procurement capabilities for servers and datacenter capacity Minimal customer acquisition costs – strong pipeline of potential customers Value Creation Stable revenue generation to smooth out
Slide 19: Customer Spotlight: Boosteroid
Customer Spotlight Boosteroid is the world's third - largest cloud gaming provider, following Microsoft and Nvidia. With a GPU - based infrastructure network spanning 22 data centers and 10 more launching by the end of 2024, Boosteroid serves over 5.7 million users across E u r o p e , N o r t h A m
Slide 20: The Bit Digital Flywheel
The Bit Digital Flywheel Earn rewards by sustainably mining Bitcoin Exchange a portion of Bitcoin mining rewards for Ethereum Stake Ethereum to earn yield and accumulate rewards Use Ethereum yield to reinvest into Bitcoin miners Repeat, creating a perpetual flywheel The Bit Digital Flywheel capitali
Slide 21: Bit Digital Leadership Team
Bit Digital Leadership Team Sam Tabar Chief Executive Officer Erke Huang Chief Financial Officer and Director Luna Tan Managing Director Justin Zhu Senior Vice President of Finance Cam Schnier Head of Investor Relations Benjamin Lamson Head of Revenue Tom Sanfilippo C h i ef T echno l ogy O f f i ce
Slide 22: Enovum Management Team
Enovum Management Team • Brings more than 20 years experience in the data center and managed hosting industry • Founder of Netelligent Hosting Services, the first high density capable data center in Canada Billy Krassakopoulos CEO, Enovum • Over 15 years of experience in high - availability hosting
Slide 23: Advisor Team
Advisor Team Bit Digital has a team of veteran independent advisors for artificial intelligence (AI) and digital assets. David Andre A d v i s o r , A r t i f i c i a l I n t e l l i ge n ce Chief Science Officer, Google X Ayesha Khanna A d v i s o r , A r t i f i c i a l I n t e l l i ge n ce C h i
Slide 24: Q3 2024 Statement of Operations
Q3 2024 Statement of Operations 24
Slide 25: Q3 2024 Balance Sheet
Q3 2024 Balance Sheet BIT DIGITAL NASDAQ: BTBT (Gah and cash equlets Rested cash ‘soc 310.18 40s 595 Dota assets 1976030 046083 ‘ital assets bk in fd ¢ em6 50 at evestmentaleae = cro 4509282 0 rane CNIS gost fo pope and suman 100,000 sana Property and equpmert. net 6.417 208 ana peti lense egatine a
Slide 26: Contact: Hudson Yards, New York
31 Hudson Yards, Floor 11 New York, NY 10001 United States +1 212 463 5121 IR@bit - digital.com