10 AI News Investors Probably Missed

5. Bit Digital, Inc. (NASDAQ:BTBT)

Number of Hedge Fund Holders: 6

Bit Digital, Inc. (NASDAQ:BTBT) provides specialized cloud-infrastructure services tailored for artificial intelligence applications, in addition to its main business of digital asset staking and mining.

On December 30, Bit Digital, Inc. (NASDAQ:BTBT) announced that it acquired a property in Montreal, Canada, for CAD $33.5 million to develop a 5MW Tier-3 data center, set to be operational by May 2025. The site, a former encapsulation manufacturing facility, will be retrofitted with advanced cooling systems, including direct-to-chip liquid cooling, to support AI workloads and renewable hydroelectric power from Hydro-Quebec. The project aligns with Bit Digital’s plan to expand its HPC data center capacity to 32MW by 2025, with further scalability possible. CEO Sam Tabar highlighted cost efficiencies and non-dilutive financing as key advantages.