Bit Digital Expands North American Bitcoin Hosting Partnerships with Compute North and Link Global Technologies

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NEW YORK, Feb. 23, 2021 /PRNewswire/ — Bit Digital, Inc. (Nasdaq: BTBT), an rising Bitcoin mining firm headquartered in New York, introduced at this time a bunch of internet hosting partnerships that can develop its operations throughout North America. Compute North and Hyperlink World Applied sciences (CNSX: LNK) are the internet hosting corporations which might be partnering with Bit Digital. This strategic transfer will grant Bit Digital the power to deploy better Bitcoin mining energy to North America.

Previous to the brand new settlement, Bit Digital hosted 2,100 miners with Compute North. With the up to date partnership, the Firm will transfer an extra 3,000 Bitmain S17+ miners with a hashrate of 73 THs per miner throughout Q2-2021. This growth is anticipated to carry the entire hash energy hosted within the U.S. with Compute North to roughly 326 PHs inside Q2.

Moreover, Bit Digital’s partnership with Hyperlink World Applied sciences (CSE:LNK), one in all Canada’s main Bitcoin mining internet hosting suppliers, will permit the Firm to position 1,000 miners on their premises. This deal will probably be finalized by way of Bit Digital’s in formation Canadian subsidiary.

“Working with the perfect Bitcoin corporations within the trade is essential to our North American operations, and we’re proud to proceed putting in bitcoin miners with these distinctive companions,” shared Bit Digital interim CEO, Erke Huang. “The partnerships inbuilt 2021 are meant to permit Bit Digital to shortly develop U.S.-based bitcoin manufacturing whereas sustaining the miners’ operational efficiency.”

Thus far, Bit Digital owns 40,865 mining machines and is deploying its miners to North America all through 2021. As present miners come on-line, Bit Digital expects these partnerships to develop even additional.

Bit Digital will present ongoing updates on new developments together with Bitcoin manufacturing by way of its international mining operations as they grow to be out there.

Protected Harbor Assertion

This press launch could comprise sure “forward-looking statements” regarding the enterprise of Bit Digital, Inc., and its subsidiary corporations. All statements, aside from statements of historic truth included herein are “forward-looking statements.” These forward-looking statements are sometimes recognized by means of forward-looking terminology equivalent to “believes,” “expects” or related expressions, contain recognized and unknown dangers and uncertainties. Though the corporate believes that the expectations mirrored in these forward-looking statements are affordable, they do contain assumptions, dangers and uncertainties, and these expectations could show to be incorrect. Buyers shouldn’t place undue reliance on these forward-looking statements, which converse solely as of the date of this press launch. The corporate’s precise outcomes may differ materially from these anticipated in these forward-looking statements because of a wide range of components, together with these mentioned within the firm’s periodic studies which might be filed with the Securities and Alternate Fee and out there on its web site at http://www.sec.gov. All forward-looking statements attributable to the corporate or individuals appearing on its behalf are expressly certified of their entirety by these components. Aside from as required beneath the securities legal guidelines, the corporate doesn’t assume an obligation to replace these forward-looking statements.

SOURCE Bit Digital, Inc.



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