Bit Digital, Inc.

Bit Digital, Inc., together with its subsidiaries, operates an institutional-grade Ethereum treasury and staking business. The company also designs and manages data centers that provide hosting, colocation, and cloud infrastructure services for AI training and inference workloads. In addition, it engages in digital asset mining operations.

• Recent Highlights- Strategic Shift to Ethereum and AI Infrastructure (50 words)
  Bit Digital accelerated its transition from Bitcoin mining to an Ethereum-focused strategy, prioritizing ETH treasury management, staking, and AI infrastructure. The company held approximately 155,444 ETH with a market value of about $327.0 million as of March 31, 2026, while continuing to reduce exposure to Bitcoin mining. 

• WhiteFiber Investment and Long-Term Growth (50 words)
  Bit Digital strengthened its AI infrastructure position through its majority ownership of 27,043,750 WhiteFiber shares, valued at approximately $322.1 million as of March 31, 2026. Management views the combination of AI compute infrastructure and Ethereum staking as complementary long-term growth platforms supporting future digital financial infrastructure.

• Income Statement- Bit Digital reported total revenue of $27.9 million, up from $25.1 million a year earlier. Revenue included $16.8 million from cloud services, $4.8 million from colocation, $3.7 million from digital asset mining, and $2.3 million from ETH staking. The company recorded a net loss of $150.3 million. 

• Balance Sheet- As of March 31, 2026, Bit Digital held $79.5 million in cash and cash equivalents and $295.0 million in digital assets. Total assets stood at $1.18 billion, while total equity was $608.7 million. Accounts receivable increased significantly to $91.7 million. 

• Cash Flow Statement- Operating activities reflected a net loss of $150.3 million, with major non-cash adjustments including $121.1 million in digital asset losses and $10.0 million in depreciation and amortization. Cash declined mainly due to substantial investing activities, partially offset by financing inflows. 

• Revenue Breakdown- Cloud services remained the largest revenue source at $16.8 million, followed by colocation services ($4.8 million), digital asset mining ($3.7 million), and ETH staking ($2.3 million). Total quarterly revenue reached $27.9 million, demonstrating continued diversification beyond cryptocurrency mining. 

• Equity and Capital Position- Bit Digital reported shareholders' equity of $469.2 million and total equity of $608.7 million. Additional paid-in capital totaled $783.9 million, while the accumulated deficit widened to $326.0 million following the quarter's $150.3 million net loss.

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