NEW YORK, Sept. 20, 2024 /PRNewswire/ — Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Firm”), a sustainable platform for digital belongings and synthetic intelligence (“AI”) infrastructure headquartered in New York, introduced right this moment that the Firm has appointed Benjamin Lamson as Head of Income and Tom Sanfilippo as Chief Know-how Officer (“CTO”). Each executives will report on to CEO Sam Tabar and play crucial roles within the development and improvement of Bit Digital’s high-performance computing (“HPC”) enterprise. The Firm has additionally added extra headcount throughout gross sales and AI/ML engineering roles in an effort to scale its HPC enterprise.
Benjamin Lamson joins Bit Digital as Head of Income, bringing a confirmed observe document in scaling income and driving development. Most lately, he served as Head of Paperspace Income at DigitalOcean from July 2023 to August 2024, following DigitalOcean’s acquisition of Paperspace. As Chief Income Officer at Paperspace, he led a transformative go-to-market technique that resulted in a 350% enhance in topline income over 18 months. Previous to Paperspace, Benjamin co-founded WeDidIt, which was later acquired by Allegiance Group, the place he continued to guide as Vice President of Gross sales. His entrepreneurial mindset, mixed with management roles in gross sales and buyer success, positions him to drive important affect as Bit Digital expands into high-performance computing. He holds a BA in Communications from American College.
Tom Sanfilippo brings many years of expertise in techniques programming and software program improvement to Bit Digital. Earlier than becoming a member of the Firm, he was with DigitalOcean, following its acquisition of Paperspace in 2023. At Paperspace, the place he served as Chief Know-how Officer from 2016 to 2023, Mr. Sanfilippo led the event of the Core GPU Compute Cloud and Gradient AI/ML Platform. His in depth experience additionally features a practically a decade at Microsoft, the place he led one of many largest improvement groups within the Microsoft Workplace group engaged on the precursor to OneDrive. He additionally held senior technical roles at Groove Networks and was a Analysis Scientist on the OSF Analysis Institute. Earlier in his profession, Mr. Sanfilippo was the Chief Know-how Officer at The Ohio State College, the place he directed know-how initiatives throughout the campus, and in collaboration with the Massive Ten, after holding varied technical positions since 1985. Mr. Sanfilippo additionally studied Physics, Arithmetic, and Philosophy at The Ohio State College. His deep experience in cloud computing, AI/ML platforms, and software program improvement will probably be pivotal in advancing Bit Digital’s high-performance computing initiatives.
Benjamin Lamson, Head of Income at Bit Digital, added: “I’m excited to guide Bit Digital’s new HPC division as we enter the AI/ML house with a recent strategy. With no legacy constraints, we’re centered on delivering high-performance, dependable, and inexpensive options that really meet buyer wants. I stay up for constructing a go-to-market workforce that drives significant affect.”
Tom Sanfilippo, Bit Digital’s CTO, remarked: “Bit Digital understands the intersection of HPC know-how and the wants of AI innovators and clients with new accelerated compute purposes. These innovators want the most recent advances in HPC in a production-ready type, at scale, as shortly as potential. I’m thrilled to be becoming a member of a workforce that shares this perception and an organization that’s so nicely is supplied to ship on it.”
Sam Tabar, Bit Digital’s CEO, commented: “We’re thrilled to welcome Benjamin Lamson and Tom Sanfilippo to Bit Digital. Their mixed experience in know-how and go-to-market technique will probably be instrumental in accelerating the expansion of our HPC enterprise. Tom’s deep expertise in cloud computing and AI/ML platforms, alongside Ben’s confirmed observe document in driving income and market enlargement, will allow us to unlock new alternatives and improve our service choices. Their management comes at a pivotal time as we place Bit Digital as a significant participant within the HPC business.”
About Bit Digital
Bit Digital, Inc. is a sustainable platform for digital belongings and synthetic intelligence (“AI”) infrastructure headquartered in New York Metropolis. Our bitcoin mining operations are positioned within the US, Canada, and Iceland. The Firm has established a enterprise line, Bit Digital AI, that provides infrastructure providers for synthetic intelligence purposes. For extra data, please contact ir@bit-digital.com or go to our web site at www.bit-digital.com.
Investor Discover
Investing in our securities includes a excessive diploma of danger. Earlier than investing determination, it is best to rigorously think about the dangers, uncertainties and forward-looking statements described underneath “Threat Components” in Merchandise 3.D of our most up-to-date Annual Report on Kind 20-F for the fiscal 12 months ended December 31, 2023. If any materials danger was to happen, our enterprise, monetary situation or outcomes of operations would probably endure. In that occasion, the worth of our securities might decline and you possibly can lose half or your entire funding. The dangers and uncertainties we describe should not the one ones dealing with us. Extra dangers not presently recognized to us or that we presently deem immaterial may impair our enterprise operations. As well as, our previous monetary efficiency will not be a dependable indicator of future efficiency, and historic developments shouldn’t be used to anticipate outcomes sooner or later. Future adjustments within the network-wide mining issue fee or bitcoin hash fee may materially have an effect on the long run efficiency of Bit Digital’s manufacturing of bitcoin. Precise working outcomes will fluctuate relying on many elements together with community issue fee, complete hash fee of the community, the operations of our services, the standing of our miners, and different elements.
Protected Harbor Assertion
This press launch might comprise sure “forward-looking statements” regarding the enterprise of Bit Digital, Inc., and its subsidiary corporations. All statements, apart from statements of historic truth included herein are “forward-looking statements.” These forward-looking statements are sometimes recognized by means of forward-looking terminology comparable to “believes,” “expects,” or comparable expressions, involving recognized and unknown dangers and uncertainties. Though the Firm believes that the expectations mirrored in these forward-looking statements are cheap, they do contain assumptions, dangers and uncertainties, and these expectations might show to be incorrect. Traders shouldn’t place undue reliance on these forward-looking statements, which converse solely as of the date of this press launch. The Firm’s precise outcomes might differ materially from these anticipated in these forward-looking statements because of a wide range of elements, together with these mentioned within the Firm’s periodic experiences which can be filed with the Securities and Change Fee and out there on its web site at http://www.sec.gov. All forward-looking statements attributable to the Firm or individuals appearing on its behalf are expressly certified of their entirety by these elements. Aside from as required underneath the securities legal guidelines, the Firm doesn’t assume an obligation to replace these forward-looking statements.
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