Bit Origin NASDAQ:BTOG slid about 15% on Monday after the company disclosed an acquisition of roughly $11 million worth of Nvidia Blackwell B300 AI infrastructure.
The Singapore-based company said the transaction includes 16 Nvidia Blackwell B300 AI servers that are expected to arrive during the third quarter of 2026. The systems are slated for deployment at a Malaysia data center under existing hosting arrangements.
Bit Origin said the purchase will be funded through $1 million in cash and $10 million of equity issued through pre-funded warrants. The deal also includes customer deployment agreements and hosting contracts tied to the acquired infrastructure.
Based on those agreements, Bit Origin expects the servers to generate about $360,000 in monthly revenue before operating expenses once they become operational. The company said commercial deployment is expected to begin following delivery of the equipment.