Bit Digital CEO discusses AI data center deal and WhiteFiber rebrand - ICYMI

Bit Digital Inc (NASDAQ:BTBT) CEO Sam Tabar joined Proactive to discuss the company’s latest developments.

He highlighted a major AI data center contract and the rebranding of its HPC business under the WhiteFiber brand.

Proactive: Welcome back inside our Proactive newsroom. Joining me now is Sam Tabar, CEO of Bit Digital. Sam, good to see you again. How are you?

Sam Tabar: Thank you for having me. Great, great. I was in New Orleans for the Super Bowl, but it didn't go the way I thought it would.

Obviously, you're a Kansas City fan. Well, it was exciting nonetheless. And starting off on Monday with an exciting announcement as well. We’ll get to that in just a second, but first, last week you rebranded part of the company. Tell me a little bit about WhiteFiber.

The WhiteFiber brand is something we’ve been working on for a while. WhiteFiber includes our entire HPC business, meaning both our cloud services and data center operations. It is a vertically integrated AI infrastructure platform.

There are significant synergies between our data center co-location and GPU cloud services. We’re offering customers a comprehensive platform designed to handle even the most intensive AI workloads. The rebrand is essential to signal that this is a real enterprise for us—not just a side project in Bitcoin mining. Establishing WhiteFiber as its own entity helps build brand equity.

WhiteFiber currently has 20 customers across data center co-location and cloud services. A year ago, we had just one. This exponential growth demonstrates the business potential, and we believe the rebrand will further support our expansion.

In the press release about the rebrand, you mentioned the 20 clients and your goal to add more. And today, you announced a major addition—a leading AI hardware innovator. Tell me more about that.

Yes, we secured a co-location contract with a leading AI hardware innovator through WhiteFiber. The agreement provides the client with five megawatts of built-to-suit data center infrastructure for five years.

This contract will be fulfilled at a data center within our proprietary development pipeline. The revenue is market rate—about $2 million per megawatt of IT load, which includes power costs.

We’re currently waiting on client approval to use their logo in a public announcement. For now, details remain limited, but we expect the contract to formally commence around mid-2025.

If we combine all our contracted agreements, we are now very close to our $100 million revenue target. However, this is a contracted revenue basis, meaning actual cash flow will be realized progressively as these agreements take effect throughout the year.

We spoke last year about the company’s growth. This is yet another example of the expansion you envisioned for 2025. Can you talk about how the company is positioned now?

The AI infrastructure industry is experiencing hyperbolic growth. Demand is rising in both GPU services and co-location capacity in tier-three data centers. Our hiring strategy last year was focused on bringing our operations to an enterprise-grade level, and now we’re seeing the value of that investment.

Previously, we could only focus on large customers due to limited capacity. Now, we have the infrastructure to serve smaller clients while still targeting larger deals. Our strategy includes onboarding customers at smaller starting capacities with plans to scale over time.

We are also diversifying our customer base and will continue to do so. There are exciting developments coming this year. The five-megawatt deal we announced today is just the beginning—we are targeting even larger contracts. In fact, we secured this latest deal for a site that hasn’t even been publicly announced or broken ground yet.

This demonstrates our customers’ trust in our ability to deliver cutting-edge infrastructure on time. We look forward to sharing further updates soon.

Quotes have been lightly edited for clarity and style