BitNile subsidiary enters hosting deal with Agora Digital for up to 78 MW mining power

Hyperscale Data, Inc.

Agora will initially provide 12 MW of power, with option for additional 66 MW at BitNile's direction.
Agora must raise at least $5M within 45 days to fulfill obligations; failure allows BitNile to terminate and seek reimbursement.
Power expected to host ~3,750 S19j Pro Antminers (BitNile owned) starting Q1 2023.
Agreement has one-year initial term, auto-renewing; BitNile can terminate with 60 days' notice.

item 1.01 item 2.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Hyperscale Data, Inc. entered into Hosting Agreement with Agora Digital Holdings Inc. (effective 2022-12-06).

Action: entry
Counterparty: Agora Digital Holdings Inc.
Effective: 2022-12-06

Exact text from the filing

On December 6, 2022 (the “ Effective Date ”), BitNile, Inc., a Delaware corporation (“ BitNile ”) and wholly owned subsidiary of BitNile Holdings, Inc., a Delaware corporation (the “ Company ”) entered into a Master Services Agreement (the “ Hosting Agreement ”) with Agora Digital Holdings Inc. (“ Agora ”) providing for the hosting by Agora of Bitcoin miners owned by BitNile.

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Source: SEC EDGAR

accession 0001214659-22-014639

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