Bit Digital acquires Montreal data center site for CAD $33.5M; 5MW Tier-3 build expected by May 2025

Bit Digital, Inc

Acquired 160,000 sq ft site from Alexandria Real Estate Equities (ARE) subsidiary for CAD $33.5M (~USD $23.3M).
Additional CAD $27.6M (~USD $19.3M) planned for Tier-3 development with 5MW capacity and liquid cooling.
Site is part of 288MW proprietary pipeline and supports 32MW HPC footprint goal in 2025.
Initially cash-funded; company plans non-dilutive mortgage financing for acquisition and buildout.
Customer intends to fill capacity with new-generation Nvidia GPUs; operational by May 2025.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.