Bit Digital Inc
NASDAQ:BTBT
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Bit Digital Inc
NASDAQ:BTBT
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Bit Digital Inc
Bit Digital, Inc. operates as a bitcoin mining company. The company is headquartered in New York City, New York and currently employs 12 full-time employees. The company went IPO on 2018-03-20. The firm is engaged in the bitcoin mining business through its wholly owned subsidiaries in the United States, Hong Kong and Canada. The firm's bitcoin mining operations hosted by third party suppliers uses specialized computers known as miners, to generate bitcoins a cryptocurrency. The firm's mining facilities and mining platform operate with an intent of accumulating bitcoin, which seeks to sell for fiat currency from time to time depending on market conditions. The firm has approximately 32,500 miners in United States, Canada and China. The firm conduct its business through Bit Digital Hong Kong Limited, a Hong Kong company and operating entity in China, Bit Digital U.S.A. Inc., operating entity in the United States, and Bit Digital Canada, Inc., a Government of Alberta, Canada corporation and operating entity in Canada.
Bit Digital, Inc. operates as a bitcoin mining company. The company is headquartered in New York City, New York and currently employs 12 full-time employees. The company went IPO on 2018-03-20. The firm is engaged in the bitcoin mining business through its wholly owned subsidiaries in the United States, Hong Kong and Canada. The firm's bitcoin mining operations hosted by third party suppliers uses specialized computers known as miners, to generate bitcoins a cryptocurrency. The firm's mining facilities and mining platform operate with an intent of accumulating bitcoin, which seeks to sell for fiat currency from time to time depending on market conditions. The firm has approximately 32,500 miners in United States, Canada and China. The firm conduct its business through Bit Digital Hong Kong Limited, a Hong Kong company and operating entity in China, Bit Digital U.S.A. Inc., operating entity in the United States, and Bit Digital Canada, Inc., a Government of Alberta, Canada corporation and operating entity in Canada.
Business mix shift: Bit Digital said 2025 was a transition year as it repositioned itself around Ethereum, AI infrastructure and WhiteFiber, while continuing to wind down Bitcoin mining.
Revenue: Full-year revenue rose to $113.6 million, up 5% from 2024, helped by growth in cloud, colocation and staking revenue.
Profitability: Gross margin improved to about 56% in the fourth quarter from about 40% a year ago, but full-year net loss widened to $84.9 million because of a less favorable digital asset revaluation.
Ethereum focus: Management said it views ETH as a productive asset and expects staking income to become a meaningful recurring source of cash flow, with staking revenue up nearly 300% in 2025.
M&A: The company said it is actively evaluating acquisitions, focusing on businesses that generate cash or have a clear path to cash flow, including crypto-adjacent and Agentic AI-related opportunities.
WhiteFiber: Bit Digital said it does not intend to monetize its WhiteFiber stake in 2026, calling it a core long-term asset that adds exposure to AI infrastructure and balance sheet flexibility.
