M&A Deal Summary

Bit Digital Acquires Enovum Data Centers

On October 14, 2024, Bit Digital acquired information technology company Enovum Data Centers for 63M CAD

Acquisition Highlights
  • This is Bit Digital’s 1st transaction in the Information Technology sector.
  • This is Bit Digital’s largest (disclosed) transaction.
  • This is Bit Digital’s 1st transaction in Canada.
  • This is Bit Digital’s 1st transaction in Quebec.

M&A Deal Summary
Date 2024-10-14
Target Enovum Data Centers
Sector Information Technology
Buyer(s) Bit Digital
Deal Type Add-on Acquisition
Deal Value 63M CAD

Target

Enovum Data Centers

Montreal, Quebec, Canada
Enovum Data Centers an owner, operator, and developer of high-performance computing ("HPC") datacenters. Enovum Data Centers was founded in 1999 and is based in Montreal, Quebec.

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Buyer(S) 1

Buyer

Bit Digital

New York, New York, United States
Category Company
Founded 2015
Sector Information Technology
Employees24
Revenue 45M USD (2023)
DESCRIPTION

Bit Digital is a sustainable platform for digital assets and artificial intelligence ("AI") infrastructure. The Company has established a business line, Bit Digital AI, that offers infrastructure services for artificial intelligence applications. Bit Digital was founded in 2015 and is based in New York.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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