Bit Digital Inc, a leading sustainable platform for digital assets and artificial intelligence, has announced the acquisition of an industrial facility in Madison, North Carolina, which was formerly owned by Unifi, a textile manufacturing company, for $53.2 million as per Wu Blockchain.
The purchase was made through the Canadian subsidiary Enovum Data Centers, which includes factory buildings, land and some equipment. The entire acquisition is said to be completed by May 15, 2025, and is an important part of Bit Digital’s acquisition for AI high-performance computing (HPC) MinerMag.
Benefits of Acquiring Industrial Facility in Madison, NC
The Madison facility that has been purchased is in line with Bit Digital’s bigger strategy. With this acquisition, the company will be able to vertically integrate and expand its HPC footprint. The existing facility, which is already equipped with infrastructure and leased capacity, will allow Bit Digital to speed up its growth without any delays and cost of building the premises from scratch.
Moreover, retaining experienced staff will ensure that smooth operations are carried out and this supports the company’s strategic shift towards AI and HPC markets. This will solidify Bit Digital’s position in the growing sector.
Experts Speak
Bit Digital’s CEO, Sam Tabar, pin pointed and highlighted the acquisition as a transformational change that would enable the company to up its game in its AI and HPC service efficiency.
The company is on an active look out for GPU hosting contracts and has also signed a deal with cloud gaming provider Boosteroid recently. This move is said to generate a different revenue stream for the company and capitalize on the growing demand for GPU-powered AI and gaming infrastructure.
About Bit Digital
Bit Digital is known for providing an integrated platform that combines Bitcoin mining, Ethereum staking, and HPC services. The company operates as an institutional-scale Bitcoin mining fleet with more than 50,0000 specialized miners across the United States, Canada, and Iceland.
The main aim of this company is to focus on sustainability by running approximately 86% of its mining operations of carbon-free energy.
Beyond mining, Bit Digital is said to be expanding its HPC potential and capabilities, which will provide platform and infrastructure for AI applications and cloud-based GPU services.
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