Bit Digital, Inc. announced that it has finalized an agreement for 6 megawatts of incremental hosting capacity to power its miners. The hosting facility, located in Massena, New York, is operated by a subsidiary of Coinmint LLC. This new agreement brings the Company's total contracted hosting capacity with Coinmint to approximately 46 MW.

The agreement features an initial one-year term with automatic three-month renewals. Bit Digital will fill the capacity with approximately 2,340 S19k Pro mining units that were recently purchased for approximately $3.4 million, or approximately $13/TH. These mining units represent approximately 260PH/s with an average efficiency of 23 J/TH.

The Company expects the miners to be delivered to the facility and hashing by the end of February 2024.