Bit Digital, Inc. has finalized a lease-to-own deal for a 202,000-square-foot property in Saint-Jérôme, Québec, to construct a data center catering to a 5MW colocation agreement with AI infrastructure provider Cerebras Systems. This facility will function at Tier 3 standards.
Cerebras, Bit Digital Partner on Tier 3 Data Center Near Montréal
The publicly listed bitcoin mining entity Bit Digital (Nasdaq: BTBT) disclosed that the facility, set to go live by July 2025, will cost approximately CAD $55 million ($40 million USD) to retrofit.
Initially, the 7.7-acre property, known as MTL-3, will provide contracted capacity under a 20-year lease agreement that comes with two additional 5-year extension options. Whitefiber, a subsidiary of Bit Digital, will take charge of the development. This development includes an option for a fixed-price purchase that can be exercised within the next 12 months.
Bit Digital noted that Cerebras holds a right of first refusal for additional capacity at the site under its five-year colocation agreement announced this past February. The shift reflects a broader trend, as many mining companies are now diversifying into high-performance computing (HPC) and artificial intelligence ventures.
The CEO of Bit Digital, Sam Tabar, indicated that this project lines up with their mission to rapidly advance artificial intelligence (AI) hardware implementation. In his words, “This achievement is another step forward in our plan to provide massive, high-quality AI infrastructure.
The firm explained that the Montréal region has emerged as a hub for AI innovation, with the facility positioned to meet growing demand. Bit Digital, headquartered in New York, operates bitcoin ( BTC) mining operations and HPC infrastructure across the U.S., Canada, and Iceland.
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2025-04-13 23:29