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| Ticker | Exchange | Price | 24H | Spread | Liquidity ±2% | 24H Volume | OI | Funding | Max Leverage | Fees |
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| Round | Amount | Valuation | Date | Source | Investor |
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| Post-IPO | $ 100M | -- | Sep 30, 2025 | -- | -- |
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About Bit Digital
Bit Digital (NASDAQ: BTBT) is a publicly listed strategic asset company that has pivoted from pure Bitcoin mining to a diversified model centered on Ethereum and AI infrastructure. Its core operations now span three areas: accumulating and staking ETH to earn protocol-native yield, operating AI/high-performance computing (HPC) data centers through its majority-owned subsidiary WhiteFiber (NASDAQ: WYFI), and running a legacy Bitcoin mining business that is being gradually wound down.
The company's competitive narrative is built on a "dual-engine" approach: ETH staking provides stable, yield-generating exposure to the Ethereum network, while WhiteFiber addresses the acute shortage of AI compute capacity by building and operating data centers powered by renewable energy in Canada and Iceland. This transition addresses a key market pain point — Bitcoin mining is capital-intensive, highly sensitive to coin price volatility, and offers limited recurring revenue. By shifting toward ETH staking and AI infrastructure, Bit Digital aims to deliver more predictable cash flows and long-duration growth.
Over the past six months (February–August 2026), Bit Digital reported Q1 2026 revenue of $32.1 million, up 15% sequentially, with cloud services revenue surging 42% quarter-over-quarter. Gross margin held at 57.9%. The company continued reducing Bitcoin mining exposure, while WhiteFiber signed new contracts exceeding $500 million in aggregate value, including next-generation GPU deployments. Management noted the market still values BTBT primarily as a digital asset treasury, creating what it calls a "fundamental disconnect" between its AI infrastructure growth and its stock price. No major negative events were reported during this period, though the company recorded a net loss of $107.2 million in Q1 2026, largely driven by non-cash digital asset impairments and derivative revaluations.
Bit Digital (NASDAQ:BTBT) transitioned from P2P finance to Bitcoin mining in 2020, renaming itself and relocating to New York. During 2020-2021, it began mining operations and gradually converted BTC to ETH, forming an initial ETH treasury. From 2022-2023, the company expanded its ETH treasury and staking operations, shifting toward productive economic infrastructure. In 2024, it launched AI cloud services, acquired a data center platform, and established its AI infrastructure business. In 2024-2025, subsidiary WhiteFiber completed its IPO, becoming a publicly listed AI infrastructure company. In 2025, Bit Digital completed its strategic transition to a 100% Ethereum treasury, sunset its Bitcoin mining operations (~1 EH/s), retained a majority stake in WhiteFiber, and formally became a Strategic Asset Company. That year, it also acquired a controlling stake in Financière Marjos, expanding its strategic investment footprint. By end of 2025, the company held 155,227.3 ETH, with a market value exceeding $460 million. In Q2 2026, holdings increased to 164,000 ETH, continuing its disciplined ETH accumulation strategy.
Bit Digital's Q2 2026 revenue was $32.1M, up 15% QoQ. Net loss attributable to shareholders was $107.2M, impacted by non-cash digital asset and derivative items. Cloud services revenue grew 42% to $23.8M, with gross margin of 57.9%. The company is transitioning from mining to infrastructure and staking, which now represent 89% of revenue. Despite operational improvements, the stock trades at a significant discount to intrinsic value, prompting the Board to evaluate buybacks or other actions.
Sam Tabar (CEO): Former CSO of Bit Digital; co-founder of Fluidity; previously led APAC Capital Strategy at Bank of America Merrill Lynch, Co-Head of Marketing at Sparx Group, and associate at Skadden. Education: BA from Oxford, LL.M. from Columbia Law; admitted to NY State Bar.
Erke Huang (CFO & Director): Co-founded/advised Long Soar Technology; founder & CEO of Bitotem Investment; Investment Manager at Guojin Capital; Engineering Analyst at Crown Castle. Education: M.S. from Carnegie Mellon (Civil & Environmental Engineering), B.S. from Southwest Jiaotong University.