---
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"
generated_at: "2026-05-20T14:40:21.055444+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bit Digital closes $45M purchase of NC building for HPC data center; power ramp from Duke Energy

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-047369
- JSON: https://secwatch.observer/filing/0001213900-25-047369.json
- Plain text: https://secwatch.observer/filing/0001213900-25-047369.txt

## Key facts
- M&A Transactions
  Bit Digital, Inc completed an acquisition involving Unifi Manufacturing Inc. (UMI) for Purchase Price of $45 million (closed 2025-05-20).
  - Action: acquisition
  - Counterparty: Unifi Manufacturing Inc. (UMI)
  - Consideration: Purchase Price of $45 million
  - Closing: 2025-05-20
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1710350/000121390025047369/0001213900-25-047369-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.