NEW
YORK, Sept. 20, 2024 /PRNewswire/ -- Bit
Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a
sustainable platform for digital assets and artificial intelligence
("AI") infrastructure headquartered in New York, announced today that the Company has
appointed Benjamin Lamson as Head of
Revenue and Tom Sanfilippo as Chief
Technology Officer ("CTO"). Both executives will report directly to
CEO Sam Tabar and play critical
roles in the growth and development of Bit Digital's
high-performance computing ("HPC") business. The Company has also
added additional headcount across sales and AI/ML engineering roles
in an effort to scale its HPC business.
Benjamin Lamson joins Bit Digital
as Head of Revenue, bringing a proven track record in scaling
revenue and driving growth. Most recently, he served as Head of
Paperspace Revenue at DigitalOcean from July
2023 to August 2024, following
DigitalOcean's acquisition of Paperspace. As Chief Revenue Officer
at Paperspace, he led a transformative go-to-market strategy that
resulted in a 350% increase in topline revenue over 18 months.
Prior to Paperspace, Benjamin co-founded WeDidIt, which was later
acquired by Allegiance Group, where he continued to lead as Vice
President of Sales. His entrepreneurial mindset, combined with
leadership roles in sales and customer success, positions him to
drive significant impact as Bit Digital expands into
high-performance computing. He holds a BA in Communications from
American University.
Tom Sanfilippo brings decades of
experience in systems programming and software development to Bit
Digital. Before joining the Company, he was with DigitalOcean,
following its acquisition of Paperspace in 2023. At Paperspace,
where he served as Chief Technology Officer from 2016 to 2023, Mr.
Sanfilippo led the development of the Core GPU Compute Cloud and
Gradient AI/ML Platform. His extensive expertise also includes a
nearly a decade at Microsoft, where he led one of the largest
development teams in the Microsoft Office group working on the
precursor to OneDrive. He also held senior technical roles at
Groove Networks and was a Research Scientist at the OSF Research
Institute. Earlier in his career, Mr. Sanfilippo was the Chief
Technology Officer at The Ohio State
University, where he directed technology initiatives across
the campus, and in collaboration with the Big Ten, after holding
various technical positions since 1985. Mr. Sanfilippo also studied
Physics, Mathematics, and Philosophy at The Ohio State University. His deep expertise in cloud
computing, AI/ML platforms, and software development will be
pivotal in advancing Bit Digital's high-performance computing
initiatives.
Benjamin Lamson, Head of Revenue
at Bit Digital, added: "I'm excited to lead Bit Digital's new HPC
division as we enter the AI/ML space with a fresh approach. With no
legacy constraints, we're focused on delivering high-performance,
reliable, and affordable solutions that truly meet customer needs.
I look forward to building a go-to-market team that drives
meaningful impact."
Tom Sanfilippo, Bit Digital's
CTO, remarked: "Bit Digital understands the intersection of HPC
technology and the needs of AI innovators and customers with new
accelerated compute applications. These innovators need the latest
advances in HPC in a production-ready form, at scale, as quickly as
possible. I am thrilled to be joining a team that shares this
insight and a company that is so well is equipped to deliver on
it."
Sam Tabar, Bit Digital's CEO,
commented: "We are thrilled to welcome Benjamin Lamson and Tom
Sanfilippo to Bit Digital. Their combined expertise in
technology and go-to-market strategy will be instrumental in
accelerating the growth of our HPC business. Tom's deep experience
in cloud computing and AI/ML platforms, alongside Ben's proven
track record in driving revenue and market expansion, will enable
us to unlock new opportunities and enhance our service offerings.
Their leadership comes at a pivotal time as we position Bit Digital
as a major player in the HPC industry."
About Bit Digital
Bit Digital, Inc. is a sustainable platform for digital assets
and artificial intelligence ("AI") infrastructure headquartered in
New York City. Our
bitcoin mining operations are located in the US,
Canada, and Iceland. The Company has established a
business line, Bit Digital AI, that offers infrastructure services
for artificial intelligence applications. For additional
information, please contact ir@bit-digital.com or visit our
website at www.bit-digital.com.
Investor Notice
Investing in our securities involves a high degree of risk.
Before making an investment decision, you should carefully consider
the risks, uncertainties and forward-looking statements described
under "Risk Factors" in Item 3.D of our most recent Annual Report
on Form 20-F for the fiscal year ended December 31, 2023. If any material risk was to
occur, our business, financial condition or results of operations
would likely suffer. In that event, the value of our securities
could decline and you could lose part or all of your investment.
The risks and uncertainties we describe are not the only ones
facing us. Additional risks not presently known to us or that we
currently deem immaterial may also impair our business operations.
In addition, our past financial performance may not be a reliable
indicator of future performance, and historical trends should not
be used to anticipate results in the future. Future changes in the
network-wide mining difficulty rate or bitcoin hash
rate may also materially affect the future performance of Bit
Digital's production of bitcoin. Actual operating
results will vary depending on many factors including network
difficulty rate, total hash rate of the network, the operations of
our facilities, the status of our miners, and other factors.
Safe Harbor Statement
This press release may contain certain "forward-looking
statements" relating to the business of Bit Digital, Inc., and its
subsidiary companies. All statements, other than statements of
historical fact included herein are "forward-looking statements."
These forward-looking statements are often identified by the use of
forward-looking terminology such as "believes," "expects," or
similar expressions, involving known and unknown risks and
uncertainties. Although the Company believes that the expectations
reflected in these forward-looking statements are reasonable, they
do involve assumptions, risks and uncertainties, and these
expectations may prove to be incorrect. Investors should not place
undue reliance on these forward-looking statements, which speak
only as of the date of this press release. The Company's actual
results could differ materially from those anticipated in these
forward-looking statements as a result of a variety of factors,
including those discussed in the Company's periodic reports that
are filed with the Securities and Exchange Commission and available
on its website at http://www.sec.gov. All forward-looking
statements attributable to the Company or persons acting on its
behalf are expressly qualified in their entirety by these factors.
Other than as required under the securities laws, the Company does
not assume a duty to update these forward-looking statements.
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SOURCE Bit Digital, Inc.