Bit Digital completed the acquisition of Enovum Data Centers for CAD62.8m.

Bit Digital, a platform for digital assets and artificial intelligence infrastructure, completed the acquisition of Enovum Data Centers, an owner, operator, and developer of high-performance computing datacenters for CAD62.8m. "We are thrilled to announce a transformational acquisition for Bit Digital. This transaction is the culmination of many months of due diligence and negotiation. Vertical integration on the HPC side has been a priority for Bit Digital and we believe we were able to achieve this goal at an attractive price. For a similar cost to ground-up development, we acquired an operational 4MW facility and a key time value advantage vs. greenfield development; a fully leased site already generating several million dollars of EBITDA; a diverse set of existing customers and firm book for future capacity; and a strong pipeline of future sites with an experienced team to lead the development process," Sam Tabar, Bit Digital's CEO.