Apr. 26 at 6:17 PM
$BTBT Bit Digital (BTBT) acquired Enovum Data Centers for
$46M in October 2024 to vertically integrate into high-performance computing (HPC). The deal adds a 4MW Tier-3 data center in Montreal to BTBT’s portfolio. As of April 2026, Bit Digital stock (NASDAQ: BTBT) is trading around
$1.58–
$1.61, following a strategic shift to AI and cloud services.
Bit Digital
Key Details on the Enovum/BTBT Acquisition:
Transaction: Bit Digital purchased Enovum for
$46 million, funded with cash and rollover shares to Enovum management.
Asset: Enovum operates a 4MW Tier-3 data center in Montreal, Canada, which is fully leased through 2036.
Strategic Goal: This acquisition allows Bit Digital (as explained in their official 6-K filing) to enter the AI data center colocation market, providing infrastructure for GPU-based AI applications.
Expansion: The deal provides access to a pipeline of potential expansion sites totaling 288 megawatts (MW).
