BIAI
Industry:
Commercial Services

DESCRIPTION

Bitari is a digital infrastructure company that hosts Bitcoin mining equipment for third-party mining customers. The company owns and operates specialized facilities, providing electrical power, cooling systems, network connectivity, and day-to-day site management. Customers own the mining hardware, while Bitari owns or controls the physical infrastructure and power assets across sites in Texas and Indiana. Bitari operates on a power pass-through and infrastructure markup model. The company generates revenue through hosting agreements where customers pay per-kilowatt-hour fees based on power consumption, with some contracts including variable fees tied to customer-mined Bitcoin. Bitari also provides operations and maintenance services, including machine monitoring, firmware management, and repairs, as well as project-based feasibility consulting. Bitari's primary cost of revenue is electricity. The company's growth strategy includes expanding power capacity at existing locations and evaluating conversions of its infrastructure into artificial intelligence data centers.

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