TLDR
- BTOG plunged 21.85% after Bit Origin announced a Blackwell B300 deal.
- Bit Origin acquired $11M in NVIDIA Blackwell B300 AI server assets.
- The company expects $360K in monthly revenue before operating costs.
- Malaysia deployment will test Bit Origin’s AI infrastructure strategy.
- Equity-heavy funding raised pressure around dilution and execution.
Bit Origin Ltd (BTOG) fell sharply after announcing a new NVIDIA Blackwell B300 infrastructure acquisition. The stock plunged 21.85% to $1.2750, despite an early opening spike. The move showed market pressure around the company’s latest AI infrastructure push.
Bit Origin Expands Beyond Digital Asset Mining
Bit Origin said it acquired about $11 million in NVIDIA Blackwell B300 AI infrastructure assets. The deal covers sixteen NVIDIA Blackwell B300 AI servers. These servers should arrive during the third quarter of 2026.
The company plans to deploy the servers at a data center facility in Malaysia. It already has hosting arrangements tied to the planned deployment. Therefore, the assets come with a clearer operating path than early-stage infrastructure plans.
Bit Origin also acquired customer deployment arrangements linked to the servers. Based on those agreements, the company expects about $360,000 in monthly recurring revenue. However, that figure comes before operating expenses and depends on delivery and deployment.
BTOG Stock Reacts To Equity-Heavy Deal
The purchase price includes $1 million in cash and $10 million in equity. Bit Origin will issue pre-funded warrants for the equity portion. As a result, the deal raised attention around funding structure and share dilution risk.
BTOG stock sold off sharply after the early move faded. The decline came even as the company framed the acquisition as a strategy milestone. The market reaction showed pressure on confidence around execution.
The company announced its AI infrastructure expansion in April 2026. That plan moved Bit Origin beyond digital asset mining and blockchain-linked strategies. Now, the B300 transaction gives the company its first next-generation GPU infrastructure asset base.
Malaysia Deployment Sets The Next Test
Bit Origin expects the servers to begin commercial operations after delivery in the third quarter. The Malaysia deployment will become the next key step for the business plan. Revenue generation will depend on smooth installation and customer activation.
The company said demand for high-performance GPU infrastructure continues to grow. Large language models, enterprise AI tools, and heavy computing workloads drive that demand. However, Bit Origin still must prove it can operate these assets at scale.
The acquisition gives Bit Origin a stronger position in AI computing infrastructure. It also creates a platform for possible expansion into GPU services and data center operations. Still, the sharp BTOG stock drop shows the deal has tested market confidence.
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