Bit Digital, Inc. · NASDAQ:BTBT
Bit Digital — Merger or Acquisition (October 2024)
14 slides from Bit Digital's merger presentation, Oct 15, 2024
Slide 1: Transformative acquisition of Enovum Data Centers vertically integrates Bit Digital's AI / HPC infrastructure
Transformative acquisition of Enovum Data Centers vertically integrates Bit Digital’s AI / HPC infrastructure offerings October 14, 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: Bit Digital Acquires Enovum Tier 3 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 4: The New Bit Digital: Bridging Digital Infrastructure and Assets
AI / HPC Data Center MW Online 4 MW Total Pipeline 1 280+ MW The New Bit Digital Bridging Digital Infrastructure and Assets GPU Cloud GPU Contract Value 2 $275M Bitcoin Mining & ETH Staking # of ETH 3 27,389 Mining Fleet 3 2.43 EH/s Distinct and established business lines across three high - value m
Slide 5: 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 6: MTL1 Data Center Key Features
MTL1 Data Center Key Features x 2N diesel generator redundancy provides 2x the IT load capacity x 2 days of fuel kept onsite x Supply agreement for unlimited resupplies. Suppliers’ service level agreement is to supply within 4 hours x HVAC backup onsite for cooling redundancy x Montreal’s geographic
Slide 7: Acquisition Diversifies Existing Business Lines and Customers
Acquisition Diversifies Existing Business Lines and Customers MTL1 Customers by Industry AI / GPU Cloud: 91% VFX: 5% Cloud: 2% Enterprise: 2% Operational Highlights x High - density server racks capable of offering solutions for a wide range of uses from data - intensive applications to scalable clo
Slide 8: Illustrative Economics: Colocation & On Demand Computing
Customer Contract Term 4 – 12 years 2 – 5 years Annual Revenue per MW $2 million 1 dependent on location $14 – 19 million 2 Gross Margins 70 – 80% 65 – 75% Capex per MW ~$8.0 million $26 – 30 million 3 Financing Equity and Debt Equity and Debt Illustrative Economics Colocation & On Demand Computing
Slide 9: 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+ 4Q26 Existing Capacity Incremental Capacity Platform Expansion Roadmap 288 MW Pipeline Letters of Intent cover 90+ MWs, with a below market, average buildout cost of $8.0 m
Slide 10: Integration Considerations
Integration Considerations Bit Digital + Enovum 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 fr
Slide 11: 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 12: 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 significant near - term actionability Target Criteria
Slide 13: Select Comparable Company Analysis
Select Comparable Company Analysis The acquisition enhances Bit Digital’s exposure to the rapidly expanding HPC infrastructure segment, adding significant growth and multiple expansion potential • Pure - play digital asset miners • Includes: MARA; CLSK; RIOT; BITF Digital Asset Miners • Digital asse
Slide 14: Hudson Yards, Floor New York, NY 10001 +1 5121 IR@bit - digital.com
31 Hudson Yards, Floor 11 New York, NY 10001 +1 212 463 5121 IR@bit - digital.com