Bitcoin mining and HPC provider Bit Digital is preparing to deploy 576 Nvidia H200 GPUs for a new high-performance computing (HPC) client, which is expected to generate approximately $20.2 million in revenue opportunities over the next two years. The company announced on Tuesday that it has signed a master service agreement with the AI Compute Fund of DNA Holdings Venture, with services under the contract expected to commence in February 2025. This contract is based on a previously signed term sheet announced on November 20, 2024. Under its terms, Bit Digital will provide the client with 72 H200 servers (576 GPUs) during the initial two years. The GPUs will come from Bit Digital's recent purchase order for 130 H200 servers (1,040 GPUs) at a cost of approximately $30 million. The hardware will be deployed to a third-party data center in Iceland, where it will support the AI computing operations of the DNA Fund. Meanwhile, Bit Digital is expanding its HPC capacity by acquiring existing Tier 3 data centers and another property in Canada. On Monday, Bit Digital stated that it has purchased a 160,000 square foot property in Pointe-Claire, Quebec for $23.3 million to build a 5-megawatt Tier 3 HPC data center. The transaction was completed on Friday, and the facility will be entirely powered by renewable hydroelectric power provided by Hydro-Quebec. Bit Digital expects the project to be completed and fully operational by May 2025. Bit Digital also noted that the facility's development is tailored to support the next generation of Nvidia GPUs, in line with the requirements of another new client. This acquisition is the second large data center that Bit Digital has acquired in Montreal this year, following its $46 million purchase of a Tier-3 HPC facility. This $23.3 million transaction is part of the company's broader strategy to expand its HPC capacity to 32MW by 2025. Bit Digital reported that its HPC revenue for the third quarter was $12 million, surpassing its $10 million in Bitcoin mining revenue for the first time.