Bit Digital, a company known for mining Bitcoin, has taken a big step forward. It just bought a large property in Québec, Canada, to build a powerful and advanced data center.
Using Prime’s HPC system for crypto asset mining is standard for what’s increasingly known as the “HPC gold rush,” where many firms attempt to create more HPC centers for such purposes as AI and cloud gaming. Currently, the company has attracted the attention of competitors by growing rapidly in this competitive world. Such an investment will assist them in qualifying their systems for the future standards of efficiency.
Bit Digital acquires a massive 160,000 sq ft facility in Montréal for $23.3M.”
Bit Digital spent about USD 23.3 million to buy a large 160,000-square-foot building in Pointe-Claire, a part of Montréal. The facility was previously used for manufacturing products but will now be transformed into a data center.
This new space will help Bit Digital build a strong base in Canada, where electricity is cheaper and cleaner. It’s also in a good location with strong internet connections and access to skilled workers. It’s a smart choice for both cost-saving and environmental reasons. The size of the facility gives the company room to expand further.
The data center is set to feature direct-to-chip liquid cooling and 100% renewable power.
The new data center will use direct-to-chip liquid cooling, a special system that keeps computer machines cool more efficiently. This is important because HPC machines generate a lot of heat and need strong cooling to work properly.
Moreover, the center has planned that it will operate fully on renewable hydroelectric power from Hydro-Québec. It makes the project environmentally friendly and enables the firm to cut IT’s energy costs and, consequently, its overall carbon footprint. Cooling technology will also reduce equipment damage and downtime. Bit Digital is focused on building sustainable and modern facilities.
The expansion strategically targets 32 MW of HPC capacity by the end of 2025.
Bit Digital isn’t stopping at just one data center. Their goal is to reach 32 megawatts (MW) of total HPC power by the end of 2025. That’s enough electricity to power a small town, showing how big their plans are.
By expanding its energy capacity, Bit Digital can handle more computing tasks. This includes mining more cryptocurrencies and supporting new services like AI and cloud computing. This will help them meet the rising global demand for computing power. More capacity means more revenue opportunities across new markets.
Vertical integration was achieved through the acquisition of Enovum Data Centers
Last year, Bit Digital bought a company called Enovum Data Centers for about USD 46 million. This helped them take more control over their operations, a move called vertical integration in business terms.
This deal also gave Bit Digital another working Tier 3 data center and access to a pipeline of over 280 megawatts of power for future projects. That means the company now has many more options for growth across different locations. Both the infrastructure and operations of it are now owned by them. This move reduces their dependence on outside service providers.
HPC services are broadened into AI and gaming via a Boosteroid partnership.
Bit Digital is not just focusing on Bitcoin anymore. They are also expanding into AI (artificial intelligence) and cloud gaming, which are fast-growing industries.
To do this, they partnered with Boosteroid, a gaming platform. Bit Digital will provide them with 300 GPUs (graphic processing units) to support powerful gaming and AI computing. This means they are turning into more than just a crypto company, they are becoming a full HPC service provider. AI and gaming industries offer long-term growth potential. It leads to broadening of the firm’s consumer base and consequently markets for its products.
