NEW YORK, April 11, 2025 /PRNewswire/ — Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Company”) announced today that it has secured the rights to a new data center site in Saint-Jérôme, Québec (“MTL-3“), which is under development and will support the previously announced 5MW colocation agreement with Cerebras Systems (“Cerebras”), a leader in generative AI infrastructure.

The facility spans approximately 202,000 square feet on 7.7 acres and is being developed to support current contracted capacity, with future expansion potential subject to utility approvals. The transaction was executed under a lease-to-own structure, which includes a fixed-price purchase option exercisable within 12 months. The lease term is 20 years, with two 5-year extension options.

The project is being delivered through WhiteFiber, Bit Digital’s high-performance computing platform. The facility is being retrofitted to Tier 3 standards, with development costs expected to total approximately CAD $55 million (approximately $40MM USD), and a targeted go-live date of July 2025.

“This milestone represents continued momentum in our strategy to deliver purpose-built AI infrastructure at scale,” said Sam Tabar, CEO of Bit Digital. “Speed to market is a key differentiator in the AI infrastructure space, and this site reflects our ability to mobilize and deliver capacity on accelerated timelines. We’re proud to advance our partnership with Cerebras while expanding our data center footprint in the greater Montréal region, a growing hub for AI innovation.”

Cerebras has contracted for 5MW (IT load) of built-to-suit infrastructure under a five-year colocation agreement announced in February 2025. Under the terms of the agreement, Cerebras holds a right of first refusal (ROFR) for any additional megawatt capacity that becomes available at the site.

About Bit Digital

Bit Digital, Inc. is a global platform for high-performance computing (“HPC”) infrastructure and digital asset production headquartered in New York City. The Company’s HPC business operates under the WhiteFiber Inc. (“WhiteFiber”) brand. Our operations are located in the US, Canada, and Iceland. For additional information, please contact ir@bit-digital.com or visit our website at www.bit-digital.com, or follow us on LinkedIn or X.

Investor Notice

Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under “Risk Factors” in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2024 (Annual Report). Notwithstanding the fact that Bit Digital Inc. has not conducted operations in the PRC since September 30, 2021 we have previously disclosed under Risk Factors in our Annual Report: “We may be subject to fines and penalties for any noncompliance with or any liabilities in our former business in China in a certain period from now on.” Although the statute of limitations for non-compliance by our former business in the PRC is generally two years and the Company has been out of the PRC, for more than two years, the Authority may still find its prior bitcoin mining operations involved a threat to financial security. In such event, the two-year period would be extended to five years. If any material risk was to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. Future changes in the network-wide mining difficulty rate or bitcoin hash rate may also materially affect the future performance of Bit Digital’s production of bitcoin. Actual operating results will vary depending on many factors including network difficulty rate, total hash rate of the network, the operations of our facilities, the status of our miners, and other factors. See “Safe Harbor Statement” below.

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, involving 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.

PHILADELPHIA, April 11, 2025 /PRNewswire/ — Cipriani & Werner, P.C. is pleased to announce the addition of five attorneys to the firm’s Cybersecurity Breach & Litigation Practice Group. Joining the firm’s Philadelphia office are Kevin Mekler (Partner), James Cope (Partner), Tara Gill Nalencz (Partner), Jack Dunn (Associate), and Morgan Valeo (Associate).

“We are excited to continue investing in great lawyers to add to Cipriani & Werner’s already deep bench,” said John Loyal, co-chair of the firm’s Cybersecurity practice. “Each is a seasoned counselor who will slide seamlessly into the wonderful team we have built.”

Kevin Mekler has broad experience with all aspects of cybersecurity incident response and guides organizations of all shapes and sizes through the process, from initial triage and investigation through performance of legal and regulatory obligations the organizations may have.James Cope has been on the front lines of breach incident response for nearly a decade. He manages all aspects of data privacy and cyber security matters from start to finish. He has helped hundreds of entities around the country assess and respond to all types of data privacy and cybersecurity issues.Tara Gill Nalencz is a trial lawyer skilled in handling complex litigation from inception through to verdict and appeal. She defends clients in high-exposure, multifaceted matters, including privacy class actions. She provides crisis management counsel and response strategies for critical incidents and emergencies.Jack Dunn comes to Cipriani & Werner from Travelers where he coordinated and supported incident response between insureds, breach counsel, and forensic vendors for ransomware matters, social engineering frauds, business email compromises, and third-party data breaches.Morgan Valeo is a breach coach for clients victimized by data privacy and security incidents, such as a business email compromise, ransomware, wire transfer fraud and other network intrusions. She routinely works with external and third-party forensic investigation firms to determine the nature and scope of the incident and then to identify the legal, regulatory, and contractual obligations the victim organization has stemming from the incident.

In just five years, Cipriani & Werner’s Cybersecurity Breach & Litigation Practice Group has grown to over seventy team members. The group is the firm’s fastest growing practice group and is one of the go-to firms for data security incidents in the United States. 

About Cipriani & Werner, P.C.

Cipriani & Werner’s Cybersecurity team helps clients with all aspects of data breach preparation and response. Reach the Cyber team 24/7 by contacting 1-833-63-CYBER or cwcyber@c-wlaw.com. Cipriani & Werner is a multidisciplinary law firm with more than two hundred professionals in eighteen offices serving a global client base.

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SOURCE Cipriani & Werner, P.C.

Trusted by 200,000+ businesses worldwide, DeepL recognized as a leader in AI-powered translation and writing solutions

NEW YORK, April 11, 2025 /PRNewswire/ — DeepL, a leading global Language AI company, has been named to Forbes’ 2025 AI 50 list for the second year in a row, which spotlights the most promising companies applying artificial intelligence to solve real-world challenges across industries. Compiled in partnership with Sequoia Capital and Meritech Capital, this year’s list was one of the most competitive yet, with Forbes reviewing over 1,860 submissions.

“Being named to the Forbes AI 50 list for the second year running is a huge honor,” said Jarek Kutylowski, CEO and Founder, DeepL. “This recognition reflects the very real impact that DeepL’s language AI platform is driving for businesses and professionals around the world – helping them scale and collaborate more effectively across languages and markets. It also underscores our commitment to staying ahead of the curve through constant innovation. We’re proud to be a leader in Language AI and look forward to continuing to drive the category forward.”

As businesses adopt AI, they’re looking for solutions with impact and DeepL’s Language AI platform has become a critical investment for global success by tackling one of the biggest obstacles to business growth: language and communication barriers. Purpose-built for businesses and professionals, DeepL’s secure, specialized platform offers advanced translation and writing tools spanning written and spoken translation, AI-powered writing support, and a robust API, helping organizations communicate more clearly across countless use cases, from internal operations to customer support.

Today, DeepL is the preferred Language AI platform for businesses worldwide with a rapidly expanding customer network of over 200,000 businesses and governments including industry leaders Softbank, Mazda, Harvard Business Publishing, The Ifo Institute, Panasonic Connect and more. The company was recently ranked the #3 most popular AI tools globally, based on analysis by ZDNET, ahead of companies including Perplexity AI, Google Translate, Gemini, and Deepseek.

This recognition adds to DeepL’s ongoing streak of rapid growth and industry momentum. DeepL was just recognized by Fast Company as one of the Most Innovative Companies of 2025, ranking #5 in the Applied AI category. Over the past year, DeepL has also introduced several major product updates, including Clarify – an interactive feature that resolves ambiguities and offers more precise control over translations – and DeepL Voice, its first-ever live voice translation solution. DeepL also raised $300 million in new funding at a $2 billion valuation, expanded its US footprint with a new New York City tech hub, and much more.

To learn more about DeepL, visit https://www.deepl.com/en/whydeepl.

About DeepL

DeepL is on a mission to break down language barriers for businesses everywhere. Over 200,000 businesses and governments and millions of individuals across 228 global markets trust DeepL’s Language AI platform for human-like translation in both written and spoken formats, as well as natural, improved writing. Designed with enterprise security in mind, companies around the world leverage DeepL’s AI solutions that are specifically tuned for language to transform business communications, expand markets and improve productivity. Founded in 2017 by CEO Jaroslaw (Jarek) Kutylowski, DeepL today has over 1,000 passionate employees and is supported by world-renowned investors including Benchmark, IVP and Index Ventures. For more information, visit deepl.com.

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SOURCE DeepL