Bit Digital secures Saint-Jérôme data center site; 5MW Cerebras colocation targeted for July 2025

Bit Digital, Inc

Development costs ~CAD $55M (~USD $40M) for Tier 3 retrofit; targeted go-live July 2025.
Lease-to-own: 20-year term, two 5-year extensions; purchase option at $24.24M within 12 months.
Annual base rent ranges from ~$2.4M (year 1) to ~$3.8M (year 20); tenant also pays taxes and insurance.
Facility spans 202,000 sq ft on 7.7 acres; future expansion needs utility approvals; $3M letter of credit required.
Supports 5MW colocation deal with Cerebras (Feb 2025); Cerebras has ROFR for additional capacity at site.

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