AcquisitionsJun 29, 2026, 09:07 AM
Bit Origin Acquires NVIDIA Blackwell AI Assets for $11M
AI Summary
Bit Origin Ltd has entered into an Asset Purchase Agreement to acquire 16 NVIDIA Blackwell B300 AI servers and related contractual rights from PT Mitra Manunggal Sangkara. The total consideration for the acquisition is $11 million, comprising $1 million in cash and $10 million in pre-funded warrants. This strategic acquisition is expected to generate approximately $360,000 in recurring monthly revenue upon deployment in Malaysia, marking a significant step in the company's expansion into AI computing infrastructure.
Key Highlights
- Acquired 16 NVIDIA Blackwell B300 AI servers and related contractual rights from PT Mitra Manunggal Sangkara.
- Total purchase price is $11 million, consisting of $1 million cash and $10 million in pre-funded warrants.
- The pre-funded warrant allows purchase of 6,457,863 Class A ordinary shares at $0.00006 per share.
- Assets are expected to be delivered in Q3 2026 and deployed in Malaysia.
- Expected to generate approximately $360,000 in recurring monthly revenue before operating expenses.
- Marks the company's first acquisition of next-generation NVIDIA Blackwell AI infrastructure.
- Strategic expansion into AI computing infrastructure, GPU computing services, and data center operations.
Price Impact
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