Bit Digital Inc., through its wholly-owned subsidiary White Fiber, Inc., completed the acquisition of an industrial/manufacturing building and its underlying land in Madison, North Carolina. The transaction was finalized on May 20, 2025, following an amendment to the Real Estate Purchase and Sale Agreement with Unifi Manufacturing Inc. The purchase price was set at $45 million, down from the initial $53.2 million. The company used cash on hand for the acquisition and plans to pursue commercial mortgage financing for the site. Additionally, Bit Digital Inc. entered into an agreement with Duke Energy to secure electric power for the property, aiming for a supply of up to 99 MW within four years.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bit Digital Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-047369), on May 23, 2025, and is solely responsible for the information contained therein.