- Bit Digital is exiting Bitcoin mining to focus totally on Ethereum staking and AI infrastructure.
- The corporate is now an “Ethereum treasury” agency, holding 155,227 ETH as of late 2025, with almost 90% of these property actively staked for yield.
- AI compute by way of WhiteFiber is the first progress driver, producing almost 60% of complete income as of late 2025.
Bit Digital (Nasdaq: BTBT) mentioned it plans to totally wind down its Bitcoin mining enterprise, extending a shift it has been making towards an Ethereum-focused treasury mannequin and AI-related infrastructure.
In a letter to shareholders on Thursday, chief government Sam Tabar mentioned mining not gives the very best use of capital for the corporate. He framed the change as a transfer away from a enterprise with shrinking effectivity towards actions that may generate yield and be scaled by means of property the corporate can immediately function and monetise.
We’re happy to take these steps to materially diversify our enterprise and enter a market with sturdy demand and progress expectations. This new enterprise is a superb growth of our platform. This enterprise line goals to offer a non-correlated revenue stream that can assist the Firm climate potential downturns in its core bitcoin mining and ETH staking companies.
Bit Digital mentioned it has consolidated its digital-asset publicity into Ethereum whereas constructing its AI and high-performance computing (HPC) publicity by means of a majority stake in WhiteFiber.
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What Modifications Operationally
Bit Digital entered Bitcoin mining in 2020, initially working with property in China and america. It additionally mined ETH briefly in 2022, earlier than Ethereum transitioned to proof-of-stake, and later started accumulating ETH and staking it.
The broader level is that Bit Digital is not positioning itself as a miner that relies on {hardware} cycles and internet hosting prices. It’s aiming to be an operator of infrastructure tied to staking returns and data-center type compute demand.
Bit Digital reported holdings of 153,546 ETH as of July, valued at US$428.8 million (AU$656 million), with most of that ETH staked. The corporate’s ETH holdings and staking posture have turn out to be central to its valuation narrative: The Block’s knowledge places Bit Digital’s mNAV at 1.93, implying BTBT trades roughly 90% above the web asset worth of its underlying ETH publicity.
In October, Bit Digital added 31,057 ETH utilizing proceeds from an upsized US$135 million (AU$206.5 million) convertible be aware providing.
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