Bit Digital secures rights to a new data center site in Saint-Jerome, Quebec

Bit Digital (BTBT) announced that it has secured the rights to a new data center site in Saint-Jerome, Quebec, which is under development and will support the previously announced 5MW colocation agreement with Cerebras Systems, a company in generative AI infrastructure. The facility spans approximately 202,000 square feet on 7.7 acres and is being developed to support current contracted capacity, with future expansion potential subject to utility approvals. The transaction was executed under a lease-to-own structure, which includes a fixed-price purchase option exercisable within 12 months. The lease term is 20 years, with two 5-year extension options. The project is being delivered through WhiteFiber, Bit Digital’s high-performance computing platform. The facility is being retrofitted to Tier 3 standards, with development costs expected to total approximately approximately $40M, and a targeted go-live date of July 2025.