Bit Digital Acquires Enovum Data Centers for $46M, Expanding Tier 3 HPC Operations with 288 MW Pipeline

Oct 15, 2024, 04:43 AM

Bit Digital, Inc. has acquired Enovum Data Centers for $46 million, a move that aims to vertically integrate its high-performance computing (HPC) operations. The acquisition includes a pipeline for over 280 megawatts (MW) of expansion in major metropolitan areas, enhancing Bit Digital's colocation and on-demand computing services. Enovum Data Centers is recognized for its Tier 3 data center capabilities and has a development pipeline of 288 MW designed to support advanced cooling technologies. This strategic acquisition is expected to strengthen Bit Digital's position in the HPC market.