Bit Digital(NASDAQ) BTBT

Bit Digital helps run the technology behind digital money like Ethereum. It also rents out powerful computers to help companies build artificial intelligence. These services support technology firms and investors using blockchain and AI tools.

Computing and Crypto Core

• Ethereum Staking: Participating in the Ethereum (ETH) network by locking up digital assets to earn rewards and secure the blockchain.
• High-Performance Computing: Renting out specialized computer chips called Graphics Processing Units (GPUs) for businesses to train artificial intelligence models.
• Data Center Services: Providing space, power, and cooling for computer servers at specialized facilities called colocation centers.
• Bitcoin Mining: Using computers to process transactions on the Bitcoin (BTC) network; currently being phased out to focus on Ethereum.

Expansion Through AI and ETH

• Announced a strategic transition in June 2025 to become a pure-play Ethereum staking and treasury company.
• Spun off the high-performance computing business into a majority-owned subsidiary called WhiteFiber Inc., which went public in August 2025.
• Acquired Enovum Data Centers Corp in October 2024 to gain ownership of specialized computer facilities in Canada.
• Purchased an industrial building in North Carolina called NC-1 in May 2025 to expand computer power capacity.
• Partnered with Figment in January 2024 to manage the technical infrastructure needed for Ethereum staking operations.

Two Pillars of Infrastructure

Bit Digital focuses on owning infrastructure that generates yield, such as digital assets that pay rewards or computer chips rented for artificial intelligence. The company balances its business between economic systems like Ethereum and intelligence systems like high-performance computing.

Looking at the Ledger

• Revenue reached $32.3 million in Q4 2025, down 60.5% from Q4 2024.
• Gross profit was $6.3 million in Q4 2025, down 90.5% from the previous year.
• Net income reached -$188.4 million in Q4 2025, which turned negative and worsened from $29.0 million in Q4 2024.
• Operating cash flow was -$84.1 million in Q4 2025, which turned negative and worsened from $7.3 million in Q4 2024.
• Market capitalization reached $612.7 million in Q4 2025, up 49.0% from the same period in 2024.

Bottom Line

Bit Digital has moved from traditional bitcoin mining toward a model centered on Ethereum rewards and artificial intelligence computing power. This shift aligns the company with the growing demand for decentralized finance and AI infrastructure.