Bit Digital, Inc. (BTBT)

Bit Digital becomes one of the largest public Ethereum holders

Bit Digital Inc (NASDAQ:BTBT) announced that it has completed the transition of its corporate treasury strategy to Ethereum (ETH), positioning the company among the largest public holders of ETH globally. Investors welcomed the update, sending shares of Bit Digital 18% higher shortly after US markets opened on Monday.

Bit Digital Shifts Entire Treasury to Ethereum, Becomes One of the Largest ETH Holders Among Public Companies

Following a $172 million public equity raise and conversion of its balance sheet from Bitcoin to Ethereum, Bit Digital has accumulated over 100K ETH to become one of the largest corporate treasury companies in the world led under Ethereum veteran Sam Tabar NEW YORK , July 7, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), today announced the completion of its transition to an Ethereum treasury strategy. Following the close of its recent underwritten public offering, the Company raised approximately $172 million in gross proceeds and has deployed the net capital to purchase Ethereum ("ETH").

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Bit Digital: The Bitcoin Exit Is Real

Bit Digital is pivoting away from Bitcoin mining toward high-margin ETH staking, and HPC services, transforming its revenue mix and growth strategy. The $150M equity raise will fund ETH purchases for treasury and WhiteFiber HPC expansion, but introduces dilution and ETH concentration risk. WhiteFiber's potential IPO could unlock value for BTBT shareholders, either through direct share distribution or a sum-of-the-parts re-rating.

Proactive's stories of the week: Bit Digital, North Bay Resources, Nextech3D.ai, U.S.

Bit Digital's pivot to Ethereum backed by analysts

Bit Digital Inc (NASDAQ:BTBT) has this week announced a flurry of shifts, which analysts at Noble Capital Markets believe will result in a significant change to the company. The company outlined a strategic exit from bitcoin mining, a potential IPO of its WhiteFiber subsidiary, and a $150 million equity raise.

Bit Digital C$60M credit facility with RBC validates AI business model, analysts say

Bit Digital Inc (NASDAQ:BTBT) has earned a repeat ‘Buy' rating from Noble Capital Research analysts after it announced its subsidiary WhiteFiber has secured a C$60 million credit facility with the Royal Bank of Canada (RBC). The credit facility, which includes a real estate term loan, equipment financing and a revolving facility, supports the continued development of WhiteFiber's Tier-3 AI data centers.

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Bit Digital's WhiteFiber acquires North Carolina site for flagship AI data center campus

Bit Digital Inc (NASDAQ:BTBT) announced that its wholly-owned high performance computing subsidiary WhiteFiber has acquired a 96-acre industrial property in Madison, North Carolina. The company intends to retrofit the nearly 1 million square foot facility into a flagship AI data center campus.

WhiteFiber Inc., Bit Digital's AI Unit, acquires ~1,000,000 square foot North Carolina Industrial Property to Support up to 200 MW HPC Data Center Campus

NEW YORK , June 2, 2025 /PRNewswire/ -- WhiteFiber Inc., the wholly-owned HPC subsidiary of Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), announced today that it has completed the acquisition of a 96-acre, ~1 million square foot industrial property in Madison, North Carolina. The Company will retrofit the facility into a flagship AI data center campus ("Facility").

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Is It Worth Investing in Bit Digital (BTBT) Based on Wall Street's Bullish Views?

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Bit Digital's Q1 Earnings Bolster The Bull Case

Bit Digital is rapidly transitioning from digital mining to high-growth, high-margin cloud and AI services, with strong progress toward profitability. Technical analysis shows a compelling 10:1 risk/reward setup, with $1.70 as a clear stop and significant upside if momentum continues. The company's clean balance sheet, robust liquidity, and expanding data center capacity position it for substantial long-term upside.

Bit Digital, Inc. (BTBT) Reports Q1 Loss, Lags Revenue Estimates

Bit Digital, Inc. (BTBT) came out with a quarterly loss of $0.05 per share in line with the Zacks Consensus Estimate. This compares to earnings of $0.03 per share a year ago.

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Is Bit Digital (BTBT) a Buy as Wall Street Analysts Look Optimistic?

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Bit Digital-Cerebras deal signals strategic move up digital value chain, analysts say

Bit Digital Inc (NASDAQ:BTBT)'s announcement that it has secured the rights to a new data center site in Saint-Jérôme, Québec, in support of its previously disclosed 5MW colocation agreement with generative AI infrastructure provider Cerebras Systems has been welcomed as a positive development by analysts at Noble Capital Markets. Bit Digital has secured a 202,000-square-foot facility on 7.7 acres under a 20-year lease-to-own deal with a fixed-price purchase option available within 12 months.

Bit Digital secures Québec site to support AI colocation deal with Cerebras

Bit Digital Inc (NASDAQ:BTBT) said on Friday it has secured rights to a new data center site in Saint-Jérôme, Québec. The new location will support a previously announced 5MW colocation agreement with Cerebras Systems, a developer of generative AI infrastructure.

WhiteFiber and Shadeform Announce Strategic Partnership to deliver on-demand access to NVIDIA B200 GPUs

NEW YORK , March 20, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset production headquartered in New York, announced today that subsidiary WhiteFiber, a leading provider of high-performance GPU cloud infrastructure, and Shadeform, the premier multi-cloud GPU marketplace have entered a strategic partnership to bring on-demand NVIDIA B200 GPUs to customers beginning in April. This partnership combines WhiteFiber's next-generation AI/ML optimized GPU cloud with Shadeform's expansive, multi-cloud management capabilities, and GPU marketplace.

Bit Digital data center pipeline growth has analysts bullish

Bit Digital Inc (NASDAQ:BTBT) has earned a repeat ‘Outperform' rating from analysts at Noble Capital Research, who remain bullish on the Bitcoin mining and high performance computing (HPC) firm following the release of its fiscal 2024 financial report. “The 2024 fiscal year was transformative for Bit Digital, as the company expanded into the colocation business with the acquisition of Enovum,” Noble's analysts wrote in a note to clients.

Bit Digital: A Capital Allocation Change Is Needed

Bit Digital's revenue surged 140% YoY in 2024, driven by a strategic pivot to Cloud and Colocation Services, now its largest revenue segment. Despite the growth, Bit Digital's operations showed a $28.1 million loss without unrealized crypto gains, highlighting dependency on digital asset valuation. The balance sheet is strong with no debt and high liquidity, but heavy reliance on ETH has been a significant drag on asset value.

Bit Digital, Inc. (BTBT) Q4 2024 Earnings Call Transcript

Bit Digital, Inc. (NASDAQ:BTBT ) Q4 2024 Earnings Conference Call March 14, 2025 8:30 AM ET Company Participants Cameron Schnier - Head of IR Samir Tabar - CEO Erke Huang - CFO Ben Lamson - Head of Revenue, WhiteFiber Billy Krassakopoulos - CEO, Enovum Conference Call Participants Mike Grondahl - Northland Securities Nick Giles - B. Riley Securities George Sutton - Craig-Hallum Kevin Dede - H.C.

Bit Digital sees revenue surge as HPC business expands

Bit Digital Inc (NASDAQ:BTBT) has announced its financial results for 2024, highlighting significant revenue growth driven by its high-performance computing (HPC) business. The company reported total revenue of $108.1 million, marking a 141% increase from the prior year.

Bit Digital, Inc. (BTBT) Laps the Stock Market: Here's Why

Bit Digital, Inc. (BTBT) closed at $2.45 in the latest trading session, marking a +1.66% move from the prior day.

Wall Street Bulls Look Optimistic About Bit Digital (BTBT): Should You Buy?

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Bit Digital, Inc. (BTBT) Laps the Stock Market: Here's Why

The latest trading day saw Bit Digital, Inc. (BTBT) settling at $3, representing a +0.67% change from its previous close.

Bit Digital, Inc. (BTBT) Stock Falls Amid Market Uptick: What Investors Need to Know

In the most recent trading session, Bit Digital, Inc. (BTBT) closed at $3.06, indicating a -0.97% shift from the previous trading day.