Bit Digital Inc CEO Sam Tabar Expands HPC Contract to $275M

Bit Digital Inc (NASDAQ:BTBT) CEO Sam Tabar discusses the expansion of a contract with an existing high performance computing (HPC) customer, increasing the value to about $275 million. The market has responded positively, boosting the company’s shares last week. The client initially deployed 2,048 GPUs in January and has now doubled the size of the fleet, representing about $92 million per year, locked in for three years. Tabar detailed that this computational power is essential for clients building large language models (LLMs) and AI applications. Bit Digital offers a customized approach, leveraging Nvidia H100 chips and collaborating with Dell and Supermicro for their deployments. Looking ahead, Tabar emphasized the company's growing opportunities in the HPC AI vertical, citing a robust pipeline of clients eager for their services. Bit Digital plans to streamline its processes by hiring a head of revenue to manage the increasing demand.