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$360,000 in recurring monthly revenue before operating expenses.

The aggregate purchase price consists of US$1 million in cash and US$10 million in equity, in the form of pre-funded warrants issued by the Company.

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.