NEW YORK, Sept.17, 2020
/PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the
"Company"), an emerging bitcoin mining company headquartered in
New York, U.S. today announced
that the Company has contracted to cooperate with the colocation
partner in U.S.
On September 1, 2020, the
Company's wholly-owned subsidiary Bit Digital USA, Inc. was incorporated in Delaware, United
States and on September 15,
2020 Bit Digital USA, Inc.
entered into a certain service agreement with Compute North LLC.
Compute North is the world's leading bitcoin colocation company
headquartered in Nebraska U.S. Pursuant to the service agreement,
Compute North will provide bitcoin mining facilities for the
Company's colocation, managing mining equipment which will save the
Company's operating cost, including utilities and rent.
The pilot test with Compute North LLC represented the Company's
strategy to source the best bitcoin and bitcoin mining resources in
North America and further help the
Company to balance its operations worldwide.
Safe Harbor Statement
This press release may contain certain "forward-looking
statements" relating to the business of Bit Digital, Inc. and its
subsidiary companies. All statements, other than statements of
historical fact included herein are "forward-looking statements."
These forward-looking statements are often identified by the use of
forward-looking terminology such as "believes," "expects" or
similar expressions, involve known and unknown risks and
uncertainties. Although the Company believes that the expectations
reflected in these forward-looking statements are reasonable, they
do involve assumptions, risks and uncertainties, and these
expectations may prove to be incorrect. Investors should not place
undue reliance on these forward-looking statements, which speak
only as of the date of this press release. The Company's actual
results could differ materially from those anticipated in these
forward-looking statements as a result of a variety of factors,
including those discussed in the Company's periodic reports that
are filed with the Securities and Exchange Commission and available
on its website at http://www.sec.gov. All forward-looking
statements attributable to the Company or persons acting on its
behalf are expressly qualified in their entirety by these factors.
Other than as required under the securities laws, the Company does
not assume a duty to update these forward-looking statements.
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SOURCE Bit Digital, Inc.