Bit Digital offers AI cloud services alongside its Bitcoin mining operations

Bit Digital is a Strategic Asset Company (SAC) focused on active participation in Ethereum infrastructure and controlling equity exposure to AI/HPC infrastructure through its majority ownership stake in WhiteFiber (Nasdaq: WYFI).

The company purchases and stakes ETH to generate protocol-native yield and participates directly in the Ethereum network. Bit Digital allocates capital with a focus on long-duration, foundational infrastructure and disciplined balance sheet management.

Bit Digital Inc (NASDAQ:BTBT) said it has originated a $100 million delayed draw term loan facility for a subsidiary of WhiteFiber, Inc. (Nasdaq: WYFI), an AI infrastructure firm in which Bit Digital holds a majority ownership interest.

The facility, which can be expanded to $150 million by mutual agreement, is designed to support WhiteFiber's near-term growth initiatives.

B Riley Securities purchased a portion of the term loans from Bit Digital Capital.

Bit Digital said it expects to fund advances through drawings against an Ethereum-denominated secured credit facility, a structure the company described as a differentiated treasury strategy that allows it to retain ETH exposure while earning a financing spread on the loan asset.

Bit Digital Inc (NASDAQ:BTBT) reported first-quarter 2026 revenue of $27.9 million as the company deepened its pivot toward Ethereum treasury management and artificial intelligence infrastructure through its majority-owned subsidiary WhiteFiber (Nasdaq: WYFI).

As of March 31, 2026, Bit Digital held approximately 155,444 ETH with a market value of roughly $327 million based on a closing price of approximately $2,104 per ETH. The company's average ETH acquisition price across all holdings stood at approximately $3,045.

Bit Digital Inc (NASDAQ:BTBT) announced Monday it has appointed Daniel Kennedy as its new head of investor relations.

Kennedy, a former board member, advisor, and director at publicly listed digital asset, fintech, and AI infrastructure companies, brings experience across capital markets and institutional investor relations. He also has a background in digital assets, blockchain infrastructure, and AI/HPC markets.

Noble Capital Markets analysts have reiterated their 'Outperform' rating on Bit Digital Inc (NASDAQ:BTBT) after the company released its February Ethereum treasury and staking data.

The firm maintained its $5.50 price target on the company's shares, implying upside from current levels of about $1.60, citing the company’s strategic positioning in Ethereum (ETH) and related holdings.

As of February 28, 2026, Bit Digital held approximately 155,434 ETH, up slightly from 155,239 ETH at the end of January. The total included roughly 15,283 ETH and ETH-equivalents in an externally managed fund. Of the company’s holdings, about 138,269 ETH, or 89%, was staked.

Bit Digital CEO Sam Tabar joined Steve Darling from Proactive to share the company’s impressive financial results for the third quarter of 2024, revealing total revenue of $22.7 million, a remarkable 96% increase compared to the same period in 2023. The surge in revenue is attributed to the commencement of the company’s high-performance computing (HPC) services business, which complements its established Bitcoin mining operations in the U.S., Canada, and Iceland. Tabar highlighted Bit Digital’s continued expansion in the HPC sector, bolstered by the acquisition of Boosteroid, which has significantly grown its GPU cloud client base.

Additionally, the company acquired Enovum in October, further enhancing its HPC capabilities to meet the growing demand for high-performance computing infrastructure. “Our strategic acquisitions and critical hires, including a new CTO, Head of Revenue, and key engineering and sales talent, have laid a strong foundation for sustainable growth,” Tabar told Proactive. “We remain on track to achieve our $100 million run-rate revenue target for HPC by the end of 2024.”

The company’s focus on building out its HPC business aligns with its broader vision to deliver cutting-edge digital infrastructure solutions. With its expanded capabilities and strategic investments, Bit Digital is well-positioned to scale its operations and capitalize on the rising demand for high-performance computing services. This quarter’s results reaffirm Bit Digital’s commitment to innovation and growth, setting the stage for a robust future in both digital asset production and advanced computing solutions.