Bit Digital executes Master Service Agreement with Boosteroid

Bit Digital (BTBT) announced that it has executed a Master Service Agreement with Boosteroid, a global cloud gaming provider and new customer of Bit Digital’s high-performance computing services. Bit Digital previously announced that it had signed a binding term sheet with Boosteroid on August 19. Bit Digital has finalized a purchase order for the starting quantity of GPUs. The initial order of 300 GPUs is expected to generate approximately $4.6M in revenue to Bit Digital over the five-year term, or approximately $0.9M per year. The initial purchase will include GPU-servers based on AMD EPYC 4th Gen CPUs and RX7900XT GPUs, customized by ASUSTeK Computer and AMD for Boosteroid. Bit Digital expects the GPUs to be delivered to respective data centers across the U.S and begin earning revenue by the end of November 2024. The agreement provides Boosteroid with the option to expand in increments of 100 servers, up to 50,000 servers, representing a potential $700M revenue opportunity for Bit Digital over the five-year term, contingent on deployment plans and market conditions. Sam Tabar, Bit Digital’s CEO, commented: “We are thrilled to solidify our partnership with Boosteroid and embark on what we see as a substantial growth opportunity for both companies. Our team is committed to delivering high-quality service in the initial phase, laying the groundwork for significant expansion in 2025.”