Bit Digital(NASDAQ) BTBT

Bit Digital, Inc. mines digital currencies like bitcoin. It provides powerful computer systems for artificial intelligence companies. The company also earns rewards by securing blockchain networks.

Computing and Crypto Tools

• Cloud Services: Rental of graphics processing units to support artificial intelligence and machine learning tasks; these specialized chips power heavy computing workloads.
• Digital Asset Mining: Use of high-powered computers to verify transactions on the bitcoin blockchain; the company earns new tokens as rewards for this service.
• Colocation Services: Provision of physical space, electrical power, and cooling systems within data centers; these services support customers who own their own servers.
• Ethereum Staking: Participation in securing the Ethereum network by committing tokens to validator nodes; this process generates rewards in the form of native tokens.

Building a Global Network

• WhiteFiber acquired Enovum on Oct. 11, 2024, to expand its high-performance computing data center footprint.
• Purchased an industrial facility in Madison, North Carolina, on May 20, 2025, for development into a large-scale data center.
• Closed the purchase of the MTL-3 data center facility in Quebec on May 8, 2026, following a lease-to-own arrangement.
• Secured a five-year agreement in May 2026 to provide computing infrastructure for a technology customer in France.
• Expanded into Australia by leasing data center space in Sydney during July 2026 for cloud services operations.

Why the Integration Works

Bit Digital integrates its data center infrastructure with cloud services to capture higher profit margins from artificial intelligence workloads. The company prioritizes sustainability by using renewable energy sources like hydroelectric power and participating in the Crypto Climate Accord.

The Latest Financial Results

• Cloud services revenue reached $23.8 million for the three-month period ended June 30, 2026, up 43.5% year over year.
• Digital asset mining revenue was $6.1 million for the six months ended June 30, 2026, down 57.8% year over year.
• Net loss was $111.7 million for the three months ended June 30, 2026.
• Ethereum native staking revenue rose 147.4% year over year to $0.9 million for the three-month period ended June 30, 2026.
• The largest customer accounted for 63% of revenue during the six months ended June 30, 2026.

Bottom Line

Bit Digital has transformed from a bitcoin mining firm into a diversified provider of high-performance computing and blockchain security. This shift allows the company to serve both the emerging artificial intelligence market and the digital asset economy.