Bit Origin Acquires NVIDIA Blackwell B300 AI Infrastructure with Contracted Customer Deployment in Malaysia
Rhea-AI Summary
Bit Origin (NASDAQ:BTOG) agreed to acquire about US$11 million of NVIDIA Blackwell B300 AI infrastructure, consisting of 16 servers. The seller has already purchased the servers, with delivery currently expected in Q3 2026 and deployment at a data center in Malaysia.
Backed by contracted customer and hosting arrangements, Bit Origin expects about US$360,000 in recurring monthly revenue before operating expenses once the servers are delivered and online. The purchase price is US$1 million in cash and US$10 million in equity via pre-funded warrants, marking the company’s first next‑generation Blackwell AI transaction and an initial revenue base for its AI infrastructure expansion.
AI-generated analysis. Not financial advice.
Positive
- Acquires approximately US$11 million of NVIDIA Blackwell B300 AI assets
- Portfolio adds 16 NVIDIA Blackwell B300 AI servers
- Expected recurring revenue of about US$360,000 per month before opex
- Only US$1 million cash outlay plus US$10 million in warrants
- Assets supported by existing customer and hosting agreements in Malaysia
Negative
- Revenue depends on expected Q3 2026 delivery and deployment of servers
- Use of US$10 million in pre-funded warrants may increase share count
News Market Reaction – BTOG
On the day this news was published, BTOG declined 24.54%, reflecting a significant negative market reaction. Argus tracked a peak move of +43.6% during that session. Argus tracked a trough of -44.1% from its starting point during tracking. Our momentum scanner triggered 32 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $854K from the company's valuation, bringing the market cap to $2.62M at that time. Trading volume was exceptionally heavy at 106.5x the daily average, suggesting significant selling pressure.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Peers on Argus
BTOG traded lower while key peers in Financial Data & Stock Exchanges mostly showed modest to strong gains, indicating today’s move appears stock‑specific rather than part of a broader sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Apr 16 | Strategic AI financing | Neutral | -6.0% | Convertible note financing to explore expansion into AI computing and data centers. |
| Feb 11 | Nasdaq compliance update | Positive | +0.0% | Regained compliance with Nasdaq minimum bid price requirement, resolving prior notice. |
| Jan 15 | Reverse stock split | Negative | -41.2% | 1-for-60 reverse split aimed at supporting Nasdaq bid-price compliance. |
Recent financing and listing-related announcements have mostly seen price moves aligned with the news tone, with limited evidence of strong positive follow-through.
Regulatory & Risk Context
Reported short positioning appears relatively low, suggesting limited short-squeeze potential and a lower likelihood of extreme volatility driven primarily by short-covering dynamics.
Market Pulse Summary
The stock dropped -24.5% in the session following this news. A negative reaction despite positive revenue expectations fits prior sensitivity to financing and capital-structure changes. The US$10 million equity component and historical reverse-split context could reinforce dilution concerns even with contracted AI infrastructure demand.
Key Terms
pre-funded warrants financial
gpu computing services technical
data center facility technical
ai infrastructure technical
AI-generated analysis. Not financial advice.
-16 NVIDIA Blackwell B300 AI servers expected to commence operations following expected Q3 2026 delivery, expected to generate approximately US
-Marks the first milestone in the Company’s previously announced expansion into AI computing and data center services-
SINGAPORE, June 29, 2026 (GLOBE NEWSWIRE) -- Bit Origin Ltd (NASDAQ: BTOG) ("Bit Origin" or the "Company"), an emerging growth company focused on AI computing infrastructure, digital asset innovation and blockchain-based strategies, today announced the acquisition of approximately US
The acquired assets consist of sixteen (16) NVIDIA Blackwell B300 AI servers that have already been purchased by the seller and are currently expected to be delivered during the third quarter of 2026. Upon delivery, the servers are expected to be deployed at a data center facility in Malaysia pursuant to previously executed hosting arrangements. The Company has also acquired the benefit of previously executed customer deployment arrangements relating to the infrastructure. Based on these customer agreements, the Company expects the B300 servers, following their expected delivery and deployment, to generate approximately US
The aggregate purchase price consists of US
The acquisition represents the Company's first transaction involving next-generation NVIDIA Blackwell AI infrastructure and marks another important milestone in the execution of Bit Origin's AI infrastructure strategy announced earlier this year.
Strategic Expansion into AI Infrastructure
In April 2026, Bit Origin announced its strategic expansion beyond digital asset mining into AI computing infrastructure, GPU computing services and related digital infrastructure opportunities.
Unlike development-stage AI infrastructure projects, the acquired assets are supported by previously executed supplier arrangements, customer agreements and data center hosting arrangements. Following the expected delivery during the third quarter of 2026, the Company expects the infrastructure to commence commercial operations in Malaysia and begin generating recurring infrastructure-related revenue.
Management believes demand for high-performance GPU infrastructure continues to be driven by the rapid adoption of artificial intelligence technologies, large language models, enterprise AI applications and next-generation computing workloads. As enterprises increasingly deploy AI-powered products and services, access to reliable, scalable computing infrastructure has become an increasingly critical component of the global digital economy.
The Company believes this acquisition strengthens its position within the evolving AI computing ecosystem while establishing a foundation for continued expansion into high-performance computing infrastructure.
Management Commentary
"This acquisition represents another important milestone in the execution of our AI infrastructure strategy," said Mr. Jinghai Jiang, Chairman and Chief Executive Officer of Bit Origin.
"We are pleased to acquire next-generation NVIDIA Blackwell B300 AI infrastructure together with contracted customer deployment and hosting arrangements. We expect the servers to be delivered during the third quarter of 2026 and, upon deployment in Malaysia, to generate approximately US
Mr. Jiang continued, "As demand for AI computing resources continues to accelerate globally, we believe high-performance GPU infrastructure represents an attractive long-term opportunity. This transaction expands our exposure to AI infrastructure through revenue-generating assets while establishing a scalable platform for future growth. We intend to continue evaluating additional opportunities involving AI infrastructure, GPU computing services, data center operations and other high-performance computing assets as part of our broader growth strategy."
About Bit Origin Ltd
Bit Origin Ltd (NASDAQ: BTOG) is an emerging growth company focused on digital asset innovation and blockchain-based strategies, including the development of AI computing infrastructure, digital infrastructure opportunities and digital asset treasury initiatives.
For more information, please visit www.bitorigin.io.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding the anticipated closing of the transaction, expected revenue generation, future AI infrastructure opportunities, expansion into AI computing services, and the Company’s long-term strategic initiatives. These forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those expressed or implied herein. The Company undertakes no obligation to update any forward-looking statements except as required by law.
Company Contact:
Bit Origin Ltd
Mr. Jinghai Jiang
Chairman and Chief Executive Officer
Email: ir@bitorigin.io
