Bit Digital has entered into a contract with Boosteroid for the deployment of 300 graphics processing units (GPUs) that will generate $4.6 million in revenue over a span of five years. This deployment is anticipated to start producing revenue by the end of November.
The agreement opens opportunities for expansion up to 50,000 servers, which could potentially enable Bit Digital to earn up to $700 million over the same period, contingent on market conditions and strategic deployment decisions.
This partnership enables Bit Digital to diversify beyond cryptocurrency mining into the realm of high-performance computing, which is in line with current market trends and demands.
