Bit Digital, Inc. · NASDAQ:BTBT
Bit Digital — Investor Presentation (February 2025)
29 slides from Bit Digital's investor presentation, Feb 12, 2025
Slide 1: Bit Digital: 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 Feb 2025
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: Key Investment Considerations
Key Investment Considerations Diversified Revenue Model Diversified revenue model across HPC colocation, GPU cloud services, bitcoin mining, and Ethereum staking Cash Flowing Data Center Cash - flowing data center business with a +280MW development pipeline Growing Cloud Services Business Growing GP
Slide 4: The New Bit Digital
AI / HPC Data Center MW Online 4 MW Total Pipeline 1 280+ MW The New Bit Digital Bridging Digital Infrastructure and Assets Bitcoin Mining & Ethereum Staking # of ETH 3 27,689 Mining Fleet 3 1.6 EH/s Distinct and established business lines across three high - value markets, providing maximum operati
Slide 5: Balance Sheet Remains a Competitive Advantage
Balance Sheet Remains a Competitive Advantage Notes: Unaudited data as of 1/31/2025. 1 Total liquidity includes $98.6MM of cash and cash equivalents & $161.8MM worth of BTC, ETH and USDC. 2 This figure excludes digital assets invested in a third - party managed fund. Bit Digital’s balance sheet rema
Slide 6: WhiteFiber: Scaling the Future of HPC
WHITEFIBER _— ISCALING = THE he FUTURE OF b HPC b BIT DIGITAL | NASDAQ: BTBT
Slide 7: WhiteFiber Historical Milestones
WhiteFiber Historical Milestones OCT 23 NOV 23 JAN 24 JUN 24 7 AUG 24 SEPT 24 OCT 24 NOV 24 DEC 24 JAN 25 JAN 25 Announced HPC business under the Bit Digital AI brand Announced 1,504 H100 GPU contract with ‘Anchor Customer’ First H100 contract commenced and upsized to 2,048 GPUs HPC contributes over
Slide 8: 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 9: 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 10: 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 11: 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. 11 2N Electrical Architecture x 2N redundant power distribution system x A and B independent power distribution paths available x Allows for maintenance on entire
Slide 12: MTL2 Data Center Overview
MTL2 Data Center Overview MTL2 Site Overview x Prime location in the “datacenter highway” of Montreal, Canada x Acquired in December 2024 for CAD $33.5MM x ~160,000 sq. ft. of facility space x Fully powered by hydroelectric power x Developing to Tier - 3 standards with initial gross load of 5MW x Ta
Slide 13: Platform Expansion Roadmap: +280 MW Pipeline
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 exclusive
Slide 14: Illustrative Economics: Colocation & On Demand Computing
Illustrative Economics Colocation & On Demand Computing 1. Inclusive of energy expense 2. Assumes $2.00 - $2.75 per GPU hour for illustrative purposes 3. Assumes GPU capacity is 100% owned Cloud Services AI/HPC Colocation Enterprises, GPU compute providers ($ in USD) Well - funded startups, Enterpri
Slide 15: 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 16: Expansion Strategies
Expansion Strategies Development Pipeline 90+ MW under exclusive or non - exclusive letters of intent with significant near - term actionability The Enovum team’s experience and unique market opportunity provide Bit Digital with a robust platform for significant expansion and growth. Target Criteria
Slide 17: WhiteFiber Cloud Services
WhiteFiber Cloud Services 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
Slide 18: WhiteFiber Technology Partners
WhiteFiber Technology Partners As official partners with leading technology and hardware providers, WhiteFiber enhances its capabilities to deliver robust and scalable cloud solutions. Leveraging these partnerships enables Bit Digital to offer comprehensive cloud services, including high - performan
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 Europe, North America, and
Slide 20: WhiteFiber to drive long-term value creation
WhiteFiber 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 cor
Slide 21: Bitcoin Mining
Bitcoin Mining 1. Approximately 88% of our fleet’s run - rate electricity consumption was generated from carbon - free energy sources as of September 30, 2024. These figures are based on data provided by our hosts, publicly available sources, and internal estimates, demonstrating our commitment to s
Slide 22: 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 23: 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 ass
Slide 24: Bit Digital Leadership Team
Bit Digital Leadership Team Sam Tabar Chief Executive Officer 24 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 Chief Technology Officer
Slide 25: 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 26: Advisor Team
Advisor Team Bit Digital has a team of veteran independent advisors for artificial intelligence (AI) and digital assets. 26 David Andre Advisor, Artificial Intelligence Chief Science Officer, Google X Charles d’Haussy Advisor, Crypto Chief Executive Officer, dYdX Foundation. Ex - Head of Business De
Slide 27: Q3 2024 Statement of Operations
Q3 2024 Statement of Operations 27
Slide 28: Q3 2024 Balance Sheet
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Slide 29: Contact: Hudson Yards, New York
31 Hudson Yards, Floor 11 New York, NY 10001 United States +1 212 463 5121 IR@bit - digital.com