Bit Digital (BTBT) has released an update.
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Bit Digital is strengthening its position in the digital infrastructure market with the acquisition of Enovum’s Tier 3 data center platform for $46 million, adding significant capacity and enhancing its GPU and AI service offerings. This move aligns with Bit Digital’s strategy of integrating high-margin colocation and on-demand computing services, while maintaining a robust balance sheet with zero debt and substantial liquidity. The acquisition is expected to drive shareholder value through improved operational flexibility and a diversified client base.
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