other material
confidence high
sentiment neutral
materiality 0.75
Bit Digital to acquire industrial building in Madison, NC for $53.2M for data center use
Bit Digital, Inc
- Enovum Data Centers Corp. (Bit Digital subsidiary) signs purchase agreement with Unifi Manufacturing to buy a ~946,586 sq ft industrial building on 94.83 acres for $53.2M cash.
- Closing expected on May 15, 2025; $2.25M earnest deposit placed, of which $1.2M is non-refundable.
- Property located at 805 Island Drive, Madison, NC, intended for data center operations.
- Buyer must obtain energy study verifying potential energy capacity as a closing condition.