Bit Digital to Acquire $53M North Carolina Facility as it Deepens HPC Pivot
Bit Digital (NASDAQ: BTBT) has agreed to acquire an industrial property in Madison, North Carolina for $53.2 million, the latest move in the company’s growing push into high-performance computing (HPC) infrastructure.
The deal, signed April 10 through Bit Digital’s Canadian subsidiary Enovum Data Centers Corp., includes the purchase of a manufacturing building, underlying land, and select equipment from Unifi Manufacturing, a subsidiary of textile manufacturing company Unifi, Inc., according to a regulatory filing.
The transaction is expected to close by May 15, pending standard closing conditions and an energy study verifying the site’s capacity.
Bit Digital placed a $2.25 million deposit for the site, of which $1.2 million is non-refundable. The agreement also includes limited indemnification terms, with UMI’s liability capped at 10% of the purchase price.
The acquisition represents a strategic infrastructure investment as Bit Digital continues to shift away from its Bitcoin mining operations toward AI-focused computing. The company has branded its new data center business under the “WhiteFiber” platform and recently secured a 5-megawatt colocation agreement with generative AI firm Cerebras Systems.
A separate Tier 3 facility in Québec is already under retrofit to support that contract, and the North Carolina site is expected to bolster Bit Digital’s capacity for similar workloads.
Meanwhile, Bit Digital appears to have stopped publishing monthly Bitcoin mining production updates since February 2025 as it seeks to redeploy Bitcoin miners that were previously hosted at Coinmint’s facility in New York.
