A bit of potential positive news
$Bit Digital(BTBT.US$ Bit Digital (NASDAQ:BTBT) plans to accept a customer's request to expand the scope of its existing agreement to deliver additional graphics processing units (GPUs), the digital assets and AI infrastructure platform said on Tuesday.
The proposal calls for 2,048 more GPUs, amounting to a total of 4,096 GPUs under the amended deal.
Should the company accept the proposal, subject to agreement on certain terms and conditions, it would help BTBT towards achieving its goal for its Bit Digital AI business to reach a $100M run-rate for annualized revenue.
"This further commitment from our customer is a testament to our execution in rapidly supplying them with mission critical GPU capacity," said Bit Digital CEO Sam Tabar.
"Our focus remains on fulfilling our current customer needs and onboarding new customers as we aim to significantly and rapidly scale this business line," he added.
The proposal calls for 2,048 more GPUs, amounting to a total of 4,096 GPUs under the amended deal.
Should the company accept the proposal, subject to agreement on certain terms and conditions, it would help BTBT towards achieving its goal for its Bit Digital AI business to reach a $100M run-rate for annualized revenue.
"This further commitment from our customer is a testament to our execution in rapidly supplying them with mission critical GPU capacity," said Bit Digital CEO Sam Tabar.
"Our focus remains on fulfilling our current customer needs and onboarding new customers as we aim to significantly and rapidly scale this business line," he added.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Pochong : But the stock price is not stonking up.
TrytosaveabitOP Pochong: Because nothing has been done yet! It’s still potential news! GL