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 as we speak that the Firm has appointed Benjamin Lamson as Head of Income and Tom Sanfilippo as Chief Expertise Officer (“CTO”). Each executives will report on to CEO Sam Tabar and play crucial roles within the progress and growth 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 progress. Most not too long ago, 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 a long time of expertise in methods programming and software program growth 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 Expertise 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 almost a decade at Microsoft, the place he led one of many largest growth 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 Expertise Officer at The Ohio State College, the place he directed know-how initiatives throughout the campus, and in collaboration with the Huge 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 growth will likely 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 area with a contemporary method. With no legacy constraints, we’re targeted on delivering high-performance, dependable, and inexpensive options that actually meet buyer wants. I look ahead to constructing a go-to-market crew 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 prospects with new accelerated compute functions. These innovators want the newest advances in HPC in a production-ready type, at scale, as rapidly as attainable. I’m thrilled to be becoming a member of a crew 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 likely 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 serious participant within the HPC trade.”
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 gives infrastructure companies for synthetic intelligence functions. For added 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 choice, you must fastidiously think about the dangers, uncertainties and forward-looking statements described underneath “Threat Elements” in Merchandise 3.D of our most up-to-date Annual Report on Kind 20-F for the fiscal yr ended December 31, 2023. If any materials danger was to happen, our enterprise, monetary situation or outcomes of operations would possible undergo. In that occasion, the worth of our securities might decline and you possibly can lose half or your whole funding. The dangers and uncertainties we describe aren’t the one ones going through us. Further dangers not presently identified to us or that we presently deem immaterial may impair our enterprise operations. As well as, our previous monetary efficiency might not be a dependable indicator of future efficiency, and historic tendencies shouldn’t be used to anticipate outcomes sooner or later. Future modifications within the network-wide mining issue charge or bitcoin hash charge 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 charge, whole hash charge of the community, the operations of our services, the standing of our miners, and different elements.
Secure Harbor Assertion
This press launch might include sure “forward-looking statements” referring to the enterprise of Bit Digital, Inc., and its subsidiary firms. All statements, aside from statements of historic truth included herein are “forward-looking statements.” These forward-looking statements are sometimes recognized by means of forward-looking terminology reminiscent of “believes,” “expects,” or related expressions, involving identified and unknown dangers and uncertainties. Though the Firm believes that the expectations mirrored in these forward-looking statements are affordable, they do contain assumptions, dangers and uncertainties, and these expectations might show to be incorrect. Traders mustn’t place undue reliance on these forward-looking statements, which communicate 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 quite a lot of elements, together with these mentioned within the Firm’s periodic experiences which are filed with the Securities and Alternate Fee and obtainable on its web site at http://www.sec.gov. All forward-looking statements attributable to the Firm or individuals performing 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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SOURCE Bit Digital, Inc.
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