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As of January 1, 2025 $BTBT officially transitioned to domestic issuer status under U.S. securities regulations.
The change reflects the Company’s commitment to transparency, operational growth, U.S. market expectations, and streamlines its regulatory compliance framework.
🔗 Read the full release: https://t.co/vtGnO41Seh
$BTBT
Sec filing today shows that @BitDigital_BTBT will indeed be classified as Domestic vs previously a Foreign Private Issuer.
Changes in effect January 1, 2025.
Great news 👍
BREAKING: $BTBT has acquired the real estate and building for a build-to-suit 5MW Tier-3 data center expansion project (“MTL2”) in Montreal, Canada.
This acquisition is part of Bit Digital’s strategy to expand its HPC data center footprint to 32MW during 2025. This site also comprises part of Bit Digital’s 288MW proprietary pipeline announced earlier this year.
KEY HIGHLIGHTS
🟢 Purchased MTL2 for CAD $33.5 million (approx. USD $23.3MM)
🟢 The acquisition closed on December 27, 2024
🟢 Bit Digital initially funded the purchase with cash on hand and is in the process of securing mortgage financing for both the site acquisition and subsequent infrastructure capex
🟢 The Company expects to spend approximately CAD $27.6 million (approx. USD $19.3MM) to develop the site to Tier-3 standards with an initial gross load of 5MW with potential to materially increase MW in future
🟢 The site is expected to be completed and operational by May 2025
🟢 The development timeline aligns with the demands of a new customer that intends to fill the capacity with new generation Nvidia GPUs