WhiteFiber Inc., the wholly-owned HPC subsidiary of Bit Digital, Inc., has completed the acquisition of a 96-acre, approximately 1 million square foot industrial property in Madison, North Carolina. This facility will be transformed into a flagship AI data center campus. The purchase was funded using $45 million in cash on hand. Bit Digital plans to engage in commercial mortgage financing for the site. The property will support up to 200 MW of high-performance computing power, with the first 24 MW expected to be operational by the end of 2025. This acquisition is seen as a significant step in scaling Bit Digital's AI infrastructure platform.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bit Digital Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN00184) on June 02, 2025, and is solely responsible for the information contained therein.