Bit Origin buys $11m Nvidia Blackwell B300 kit for Malaysia deployment
Bit Origin (NASDAQ: BTOG) has acquired approximately US$11 million of Nvidia Blackwell B300 AI server infrastructure, the company announced on 29 June 2026. The deal comprises 16 B300 servers, already purchased by the seller and expected to be delivered during the third quarter of 2026. Upon delivery, the hardware will be deployed at a data centre facility in Malaysia under pre-existing hosting arrangements.
The Singapore-headquartered company says it has also assumed the benefit of customer deployment agreements tied to the infrastructure, through which it expects to generate approximately US$360,000 in recurring monthly revenue before operating expenses. The purchase price consists of US$1 million in cash and US$10 million in equity, structured as pre-funded warrants issued by the company.
The deal
Jinghai Jiang, chairman and chief executive of Bit Origin, said the transaction provides "an initial foundation for our AI infrastructure business" and that the company intends to evaluate further acquisitions across GPU computing services, data centre operations and high-performance computing assets.
The acquisition is framed as the first concrete transaction in a strategic pivot the company announced in April 2026, when it said it would expand beyond digital asset mining into AI computing infrastructure and GPU services. The seller of the servers was not named in the release, nor were the contracted customers identified. Bit Origin did not disclose the specific operating-expense structure, the duration of the customer contracts, or the contracted per-unit pricing underpinning the revenue estimate.
Market context
The move is consistent with a pattern visible across a number of smaller NASDAQ-listed companies that built their business models around cryptocurrency mining and are now repositioning toward GPU-as-a-service and AI infrastructure hosting, attracted by comparatively stable contracted revenue streams and investor appetite for AI-adjacent exposure. Bit Origin's pivot mirrors similar announcements from peers in the digital asset and blockchain sector over the past 18 months.
The Nvidia Blackwell B300 sits at the high end of the current accelerator generation, and access to the hardware in meaningful quantities remains constrained across the industry. That Bit Origin was able to source 16 units through an acquisition of a third-party purchase order, rather than direct procurement, highlights one approach smaller operators are using to gain Blackwell inventory amid continued supply pressure.
Malaysia has emerged as a significant destination for AI data centre investment, with the government actively courting hyperscalers and GPU cloud operators through fiscal incentives and relatively low-cost power. A number of large operators, including Microsoft and Google, have announced or expanded Malaysian data centre capacity in the past year, and the country's Johor and Selangor corridors are building out considerable co-location capacity.
Bit Origin's revenue projection of US$360,000 per month implies an annualised run rate of approximately US$4.3 million from the 16 servers, before costs. The company has not stated whether that figure is underpinned by a take-or-pay contract or a more flexible utilisation-based arrangement, which is a material distinction for investors assessing revenue quality.
Forward path
The company's safe harbour statement flags that expected delivery, deployment, and revenue generation are all forward-looking and subject to risk. Investors will be watching for confirmation of Q3 delivery, the start of commercial operations in Malaysia, and any disclosure of the identity of contracted customers as indicators that the pivot is generating durable, auditable revenue rather than headline pipeline figures. Any further GPU acquisitions would also need to be assessed against the company's balance-sheet capacity, given the equity-heavy structure of this initial deal.