Bit Digital Expands HPC Footprint with Montreal Data Center [...]


Bit Digital Expands HPC Footprint with Montreal Data Center Acquisition


Bit Digital Expands HPC Footprint with Montreal Data Center Acquisition

📅 - Bit Digital, a New York-based provider of digital asset development and high-performance computing (HPC) infrastructure, has announced the acquisition of a building and real estate in Montreal, Canada, for a build-to-suit 5MW Tier-3 data center expansion project. The purchase of this 5MW Tier-3 data center site, known as MTL2, would mark a critical step in Bit Digitals broader plan to scale its HPC capacity to 32MW by 2025.

The acquisition was finalized on December 27, 2024, for CAD $33.5 million, or approximately USD $23.3 million, using cash reserves. Bit Digital plans to develop the facility to meet Tier-3 standards, investing an additional CAD $27.6 million (USD $19.3 million) for [...][... Check source for end of article ...]
Tags: Data Center

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