Bitcoin mining company Bit Digital spends $46 million to acquire Canadian Enovum data center

Bitcoin mining company Bit Digital (BTBT) announced the acquisition of the Enovum data center in Montreal, Canada, a Tier 3 high-performance computing (HPC) facility for $46 million. According to the investor presentation, the data center is "100% leased and has a contracted capacity of 4 megawatts." The acquisition was funded primarily from its cash reserves, as well as approximately 1.62 million newly issued BTBT shares. It is unclear whether Bit Digital liquidated any of its digital assets to fund the deal. As of June 30, the company reported $61.7 million in cash and held $118 million worth of Bitcoin and Ethereum as of September 30. (TheMinerMag)