Bit Digital, Inc. · NASDAQ:BTBT
Bit Digital — Investor Presentation (December 2023)
18 slides from Bit Digital's investor presentation, December 2023
Slide 1: Bit Digital is a sustainable platform for digital asset production and AI infrastructure
December 2023 Bit Digital is a sustainable platform for digital asset production and AI infrastructure
Slide 2: Investor Notice
Investor Notice Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under “Risk Factors” in Item 3.D of our Annual Report on Form 20-F for the fiscal year end
Slide 3: Bit Digital Highlights
Bit Digital Highlights Bit Digital Inc. (Nasdaq: BTBT) is a sustainability focused generator of digital assets Bit Digital is an institutional scale digital asset miner, with a fleet of more than 45,000 specialized computers, diversified across hosting locations in the U.S., Canada, and Iceland Bit
Slide 4: Balance Sheet Remains a Competitive Advantage
Balance Sheet Remains a Competitive Advantage Strong liquidity position to weather potential downturns Balance Sheet as September 30, 2023: $73M total liquidity → cash ($22.1M) + digital assets ($50.7M) ZERO leverage ZERO unfunded miner purchase obligations ZERO infrastructure capex funding commitme
Slide 5: Third Quarter of 2023 Highlights
Third Quarter of 2023 Highlights Key Figures Q3 2023 Q2 2023 Q3 2022 Total Revenue: VS +28% +27% $11.6 Million Bitcoin Mined: 403.1 +27% -6% Notes: Data as of 9/30/2023. 5
Slide 6: Strategic Priorities for 2023
Strategic Priorities for 2023 Maintain a best-in-class balance sheet Continued focus on prudent balance sheet management through 2023 and beyond Strategically deploy capital Opportunistic credit investments Prudent miner fleet growth: target to expand operating fleet to approximately 3.5 EH/s by Q1
Slide 7: Geographically Diversified Hosting Facilities
Geographically Diversified Hosting Facilities Iceland Canada United States 99% Carbon Free As of Q3 2023 7
Slide 8: Bit Digital is Infrastructure-light
Bit Digital is Infrastructure-light Hosting strategy designed to maximize shareholder returns and operational resiliency We partner with leading data center operators, allowing us to specialize in mining Our hosting contracts provide more than enough to power our current fleet, providing substantial
Slide 9: ESG: We are a Leader in Digital Asset Sustainability
ESG: We are a Leader in Digital Asset Sustainability Our fleet was running on 99% carbon free energy as of September 30, 2023, without using carbon credits or offsets Inspired by the Paris Climate Agreement, the CCA is a private sector- Recognized thought leadership led initiative for the entire cry
Slide 10: The Bit Digital Flywheel
The Bit Digital Flywheel Earn rewards by sustainably mining Bitcoin Exchange Bitcoin mining rewards for Ethereum Stake Ethereum to earn yield and accumulate rewards Use Ethereum yield to reinvest into Bitcoin miners Repeat, creating a perpetual flywheel 10
Slide 11: Introducing Bit Digital AI
Introducing Bit Digital AI 11
Slide 12: Bit Digital AI Overview
Bit Digital AI Overview Bit Digital AI is a new business line that provides specialized infrastructure to support generative artificial intelligence (“AI”) workstreams. Bit Digital has procured a fleet of state-of-the-art NVIDIA H100 GPUs that will be deployed at a Tier-3 datacenter We will provide
Slide 13: Generative AI Poised for Robust Growth
Generative AI Poised for Robust Growth Generative AI's ability to learn from data and produce original outputs is not just streamlining workflows but also pioneering new forms of creativity and problem-solving. With its robust adaptability and escalating advancements, generative AI is set to become
Slide 14: Anchor Customer Secured
Anchor Customer Secured Finalized contract to provide GPU resources to a customer for an initial three-year period Customer is focused on developing AI applications, including their own proprietary large-language model (LLM), and is well- capitalized following a 2023 funding round Bit Digital will p
Slide 15: Bit Digital AI to drive long-term value creation
Bit Digital AI to drive long-term value creation Core Features Value Creation Stable revenue generation Integral part of the AI to smooth out core mining supply chain business Unique procurement Highly scalable with requisite capabilities for servers and capital datacenter capacity Minimal customer
Slide 16: Leadership Team
Leadership Team SAM V. TABAR ERKE HUANG Chief Executive Officer Chief Financial Officer & Director Mr. Tabar served as Chief Strategy Officer of Mr. Huang has served as Chief Financial Officer Bit Digital from 2021 to 2023. He served as the of Bit Digital since October 18, 2019. Prior to that, Co-Fo
Slide 17: Leadership Team
Leadership Team BRYAN BULLETT BROCK PIERCE Senior Advisor Director Mr. Bullett served as Chief Executive Officer of Bit Mr. Pierce has served as Chairman of the Board Digital from 2021 to 2023. From August 2016 to for Bitcoin Foundation and Integro Foundation since June 2019, Mr. Bullett served as E
Slide 18: 33 Irving Place New York, NY 10003 United States
33 Irving Place New York, NY 10003 United States +1 212 463 5121 [email protected]