{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-047369","form_type":"8-K","ticker":"BTBT","cik":"0001710350","company_name":"Bit Digital, Inc","filed_at":"2025-05-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.425248+00:00","generated_at":"2026-05-20T14:40:21.055444+00:00","sec_items":["1.01","2.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Bit Digital closes $45M purchase of NC building for HPC data center; power ramp from Duke Energy","bullets":["Acquired industrial building in Madison, NC for $45M (down from $53.2M); closed May 20, 2025.","Duke Energy agreed to use commercially reasonable efforts for 24 MW by Sept 2025, 40 MW by Apr 2026, 99 MW within 4 years.","Earnout: $8M if 99 MW secured within 2 years, $5M within 3 years; $200k/MW over 99 MW up to $5M additional.","Property eligible for NC sales/use tax exemptions; local tax incentives under negotiation based on capex and job creation.","Company used cash on hand; plans commercial mortgage financing for the site."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-047369","json":"https://secwatch.observer/filing/0001213900-25-047369.json","markdown":"https://secwatch.observer/filing/0001213900-25-047369.md","text":"https://secwatch.observer/filing/0001213900-25-047369.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1710350/000121390025047369/0001213900-25-047369-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1710350/000121390025047369/ea0243002-8k_bitdigit.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T14:40:21.055444+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8380e573956464432aab7a5ed116a3ed29d76856","claim":"Bit Digital, Inc completed an acquisition involving Unifi Manufacturing Inc. (UMI) for Purchase Price of $45 million (closed 2025-05-20).","evidence_excerpt":"to waive the Energy Study Contingency which UMI agreed to make in exchange for Buyer eliminating the Energy Study Contingency. The Amendment provided for a Purchase Price of $45 million reduced from $53.2 million. Separately, the Buyer entered into a Letter Agreement for the Purchase of Electric Power with Duke Energy dated May 16, 2025 (the “Capacity","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1710350/000121390025047369/0001213900-25-047369-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Unifi Manufacturing Inc. (UMI)"},{"label":"Consideration","value":"Purchase Price of $45 million"},{"label":"Closing","value":"2025-05-20"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}