Bit Digital, Inc. (NASDAQ: BTBT), a leader in digital asset and AI infrastructure, has made a significant acquisition, purchasing Enovum Data Centers for approximately $46 million.

The acquisition adds a Tier 3 data center in Canada to Bit Digital’s portfolio, bolstering its infrastructure with 4 MW of fully operational capacity and providing a potential expansion pipeline of 288 MW​.

The acquisition reflects Bit Digital’s strategy of diversifying its operations beyond Bitcoin mining, while remaining asset-light in terms of mining hardware.

By expanding into the HPC space, Bit Digital is well-positioned to tap into the growing demand for AI and machine learning processing power. The Tier 3 facility is located in a major metropolitan area, which will allow the company to service a broader array of clients seeking high-reliability data center solutions​.

This deal was structured with both cash and stock components, with the total consideration amounting to CAD $62.8 million, equivalent to around USD $46 million. As Bit Digital moves forward with its growth strategy, this acquisition marks a pivotal step in solidifying its presence in the AI and HPC sectors​.

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