Bit Digital, Inc. has secured a lease-to-own settlement for a 202,000-square-foot web site in Saint-Jérôme, Québec, to develop a Tier 3 knowledge middle supporting its 5MW colocation contract with synthetic intelligence (AI) infrastructure agency Cerebras Programs.
Cerebras, Bit Digital Associate on Tier 3 Information Heart Close to Montréal
The publicly listed bitcoin mining entity Bit Digital (Nasdaq: BTBT) disclosed that the power, set to go stay by July 2025, will price roughly CAD $55 million ($40 million USD) to retrofit.
The 7.7-acre property, dubbed MTL-3, will initially ship contracted capability underneath a 20-year lease with two 5-year extension choices. Bit Digital’s subsidiary Whitefiber will oversee improvement, which features a fixed-price buy possibility exercisable inside 12 months.
Bit Digital famous that Cerebras holds a proper of first refusal for added capability on the web site underneath its five-year colocation settlement introduced this previous February. The shift displays a broader development, as many mining firms at the moment are diversifying into high-performance computing (HPC) and synthetic intelligence ventures.
Bit Digital CEO Sam Tabar said the venture aligns with the corporate’s concentrate on accelerating AI infrastructure deployment. “This milestone represents continued momentum in our technique to ship purpose-built AI infrastructure at scale,” Tabar remarked.
The agency defined that the Montréal area has emerged as a hub for AI innovation, with the power positioned to fulfill rising demand. Bit Digital, headquartered in New York, operates bitcoin ( BTC) mining operations and HPC infrastructure throughout the U.S., Canada, and Iceland.
