Overview
- The company announced a full wind-down of its Bitcoin mining business as it reorients its model.
- Bit Digital holds 153,546 ETH worth about $428.8 million, with most of the holdings staked for network rewards.
- Ethereum is elevated to a core asset for active protocol participation, shifting emphasis from extraction to yield generation.
- AI and high-performance computing become a growth pillar through Bit Digital AI and a majority stake in WhiteFiber, which raised nearly $160 million in an IPO and counts roughly 27 million shares held by Bit Digital.
- CEO Sam Tabar cites declining capital efficiency in mining, as investor support including Brock Pierce’s Percival Services backs the transition.