BIT Digital

About BIT Digital

BIT Digital, Inc. (NASDAQ: BTBT) is a strategic asset company focused on digital infrastructure, primarily centered on Ethereum and high-performance computing (HPC) for artificial intelligence (AI). Founded in 2015 as Golden Bull Limited, the company underwent a significant transformation in September 2020, divesting its legacy peer-to-peer lending business to pivot entirely into the digital asset space and rebranding as Bit Digital. This strategic shift was followed by a geographic migration of its mining operations from China to North America and Iceland during 2021-2022. Initially a Bitcoin miner, BIT Digital has deliberately evolved its business model, moving capital away from what it identified as the inefficient economics of Bitcoin mining towards what it sees as higher-return opportunities. The company's strategy now operates across three main verticals: a disciplined Ethereum accumulation and staking program, an AI/HPC infrastructure business through its majority-owned subsidiary WhiteFiber, Inc. (NASDAQ: WYFI), and strategic acquisitions. By 2025, the company had fully transitioned its treasury from Bitcoin to Ethereum and now ranks among the largest public institutional holders of ETH, with a portfolio of approximately 158,461 ETH as of May 2026. The majority of these holdings are staked to generate yield, contributing to network security and providing a revenue stream tied to infrastructure usage rather than solely asset price. The company's CEO, Sam Tabar, has an extensive background in law and finance, having worked at Skadden, Arps, Bank of America Merrill Lynch, and co-founding a blockchain company, Fluidity, which was sold to an affiliate of Ethereum co-founder Joseph Lubin. His experience in decentralized finance infrastructure informs the company's focus on Ethereum. Headquartered in New York, BIT Digital's revenue is generated from digital asset mining, Ethereum staking rewards, and providing cloud and colocation services for AI and HPC workloads. The company leverages both hosted and owned data center capacity, with a notable move towards greater ownership signaled by the 2024 planned acquisition of Enovum Data Centers in Canada.