Bit Digital
- Company typePublic
- Founded2017
- HeadquartersFlushing, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Bit Digital does
Bit Digital, Inc. (Nasdaq: BTBT) is a publicly-listed Strategic Asset Company that operates across three integrated verticals: an Ethereum treasury and staking program, AI/HPC infrastructure through its majority-owned subsidiary WhiteFiber, Inc. (Nasdaq: WYFI, ~70.1% ownership), and strategic financing via Bit Digital Capital. The company accumulates ETH (158,462 ETH as of May 2026, valued at ~$338-380M, making it the fourth-largest public corporate ETH holder) and stakes it through institutional-grade providers—Figment as primary staking provider and Liquid Collective for liquid-staking derivatives—earning protocol-native yields of approximately 2.7-3.0% annualized.
The AI/HPC infrastructure business is operated through WhiteFiber, which designs and operates Tier 3 data centers retrofitted with direct-to-chip liquid cooling for high-density AI workloads, including facilities in Montreal (MTL2, MTL-3; 160,000 sq ft in Pointe-Claire, powered by 100% renewable hydroelectricity from Hydro-Quebec), North Carolina (NC-1, expanding to 76MW by end of 2026), and Iceland. Revenue is generated via multi-year enterprise contracts for GPU compute infrastructure—including a $865M/10-year NC-1 services agreement with Nscale (targeting $139M annual revenue and $105M EBITDA), a $160M/5-year Nvidia GPU deal in the Paris region, and a Master Service Agreement with cloud gaming provider Boosteroid (~$4.6M initial, up to $700M expansion option).
The company exited legacy Bitcoin mining entirely during the 2024-2026 period and repositioned as a Strategic Asset Company, executing multiple capital raises (~$374.5M across 2025 via registered direct offerings and convertible notes due 2030) to fund ETH accumulation at a premium to mNAV while preserving per-share ETH density through the WhiteFiber ownership structure. FY2025 total revenue was $113.6M (up 5% YoY), with cloud revenue growing ~50% to $68.8M and ETH staking revenue growing 287% YoY to $7.0M.
Bit Digital firmographics
Firmographics- Name
- Bit Digital
- Legal name
- Bit Digital, Inc.
- Website
- https://bit-digital.com
- Company type
- Public
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Bit Digital industry classification
Industry- Product category
- HPC & Digital Asset Infrastructure
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)
- SIC
- Services-Computer Processing & Data Preparation (7374), Finance Services (6199)
- akta.pro primary industry
- Cloud Networking Core Services (VPC/VNet, Load Balancing, DNS, NAT) (HDABAAAJ)
- akta.pro secondary industries
- Edge Networking & SD-WAN/uCPE for Edge Sites (HDABAOAE), Smart Contract Execution Environments (EVM/WASM, runtimes, precompiles) (FSAPABAA)
Keywords
Where Bit Digital is headquartered
LocationHeadquarters
- HQ city
- Flushing
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Bit Digital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Technology or R&D, Operations, Personnel
Revenue model
- Cloud Services (HPC/AI Infrastructure): Revenue from providing AI and HPC infrastructure services including GPU compute capacity, cloud solutions, and data center operations through WhiteFiber subsidiary. Includes services for AI training and inference workloads.
- ETH Staking Revenue: Protocol-native rewards earned by staking ETH through institutional validators. Revenue fluctuates with network participation rates, execution-layer activity, and operator performance. Staking revenue grew 287% year-over-year to $7.0 million in FY2025.
- Colocation Services: Revenue from providing data center colocation services, including rack space, power, and cooling for customer infrastructure. MTL-3 contributed for a full quarter in Q1 2026.
- Digital Asset Mining (Legacy): Revenue from Bitcoin mining operations, which the company is strategically winding down as it pivots toward Ethereum and AI infrastructure. Bitcoin mining revenue was $3.7 million in Q1 2026, down 33% sequentially.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Enterprise HPC/cloud services contracts are negotiated based on customer requirements for compute capacity, duration, and service levels. |
| Usage-based | Pay-as-you-go | ETH staking yields are protocol-native and variable, generated through participation in Ethereum's proof-of-stake consensus. |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Bit Digital product offering
Product offeringCore offering
Bit Digital is a publicly-listed Strategic Asset Company that accumulates and stakes Ethereum (ETH) to generate protocol-native yield, and operates an AI/high-performance computing (HPC) infrastructure business through its majority-owned subsidiary WhiteFiber, Inc. (Nasdaq: WYFI). The company runs Tier 3 data centers in Montreal and North Carolina equipped with direct-to-chip liquid cooling, delivering GPU compute services and colocation to enterprise customers under long-term contracts.
Product overview
Bit Digital (Nasdaq: BTBT) is a Strategic Asset Company operating a platform-plus-subsidiary architecture across three core verticals: (1) a disciplined ETH accumulation and staking program through its Ethereum Treasury & Staking product, (2) an AI/HPC infrastructure business via its majority-owned subsidiary WhiteFiber, Inc. (Nasdaq: WYFI), and (3) strategic financing facilities through Bit Digital Capital. The company also operates HPC data centers including facilities in Montreal and North Carolina acquired through its Enovum Data Centers acquisition. The products function as an integrated platform where ETH treasury and staking provide yield and capital allocation flexibility, WhiteFiber provides AI compute infrastructure exposure, and Bit Digital Capital provides financing solutions that leverage ETH holdings while generating returns.
Differentiator
Problem solved
Functional benefit
Brands
- WhiteFiber: AI infrastructure and high-performance computing solutions subsidiary (Nasdaq: WYFI), providing data center and cloud solutions for AI training and inference workloads, owned approximately 70% by Bit Digital.
- Bit Digital Capital
- Enovum Data Centers
Products and services
- Ethereum Treasury & Staking Institutional accumulation and staking of Ethereum (ETH) through third-party custody and validator partnerships (including Figment as primary staking provider), generating protocol-native rewards for the corporate treasury.
- WhiteFiber HPC/AI Infrastructure (WYFI) AI and HPC infrastructure services delivered through data centers and cloud solutions, providing GPU compute capacity for AI training and inference workloads to enterprise technology customers.
- HPC Data Center Operations Operation of Tier 3 data center facilities in Montreal (MTL2, MTL-3) and North Carolina (NC-1), retrofitted with direct-to-chip liquid cooling technology and powered by renewable hydroelectricity for AI and HPC workloads.
- Enterprise GPU Compute Services Long-term GPU compute capacity contracts for enterprise customers requiring high-density computing for AI training, inference, and cloud gaming workloads.
- Bit Digital Capital - Strategic Financing Facility Wholly-owned lending subsidiary that originates and services term loan facilities for WhiteFiber subsidiaries, allowing Bit Digital to retain ETH exposure while earning financing spreads on Ethereum-denominated secured credit.
Quantifiable outcome
- ETH staking revenue grew 287% year-over-year to $7.0 million in FY2025
- +2 more outcomes
Companies that use Bit Digital
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Bit Digital technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Bit Digital partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- WhiteFiber, Inc. (Subsidiary)coreBit Digital holds approximately 70.1% majority ownership of WhiteFiber (NASDAQ: WYFI), providing strategic exposure to AI and HPC infrastructure growth. Bit Digital originated $100 million delayed draw term loan facility for WhiteFiber subsidiary to support growth initiatives including HPC data center in Madison, NC.
- NvidiacoreWhiteFiber secured a five-year, $160 million deal to provide Nvidia GPU-powered compute infrastructure for an unnamed investment-grade technology customer in the Paris region. The deployment uses Nvidia GPUs for AI training and inference workloads.
- FigmentcoreBit Digital selected Figment as its primary staking provider to optimize ETH staking and risk management. The partnership enhances Bit Digital's Ethereum strategy through institutional-grade infrastructure and compliance standards, with Figment providing validator operations, custody integration, and reporting.
- Cerebras SystemsminorEnovum (a division of Bit Digital) partnered with Cerebras Systems for AI inference datacenter operations. Cerebras launched new AI inference datacenters in partnership with Enovum for the Montreal location, expanding aggregate capacity with Wafer-Scale Engines for high-speed inference services.
- Scale DatacenterminorPartnership with Scale Datacenter for AI inference datacenter operations at the Oklahoma City site as part of Cerebras Systems' expanded AI inference datacenter deployment across US and Canada.
- Boosteroid Inc.coreMaster Service Agreement with the world's third-largest cloud gaming provider for deployment of GPU servers. Initial order of 300 GPUs generating approximately $4.6 million revenue over five-year term. Option for Boosteroid to expand to up to 50,000 servers representing potential $700 million revenue opportunity.
- Enovum Data CenterscoreAcquired Enovum Data Centers for approximately USD $46 million, completing the deal on October 11, 2024. The acquisition integrated Enovum's fully operational Tier 3 datacenter in Montreal with Bit Digital's HPC operations, expanding capacity and service offerings. Enovum facilities include MTL2 (Pointe-Claire) and MTL-3.
Scale indicators10 records
Recent moves8 records
Expansion highlights4 records
Bit Digital competitors and assessment
Company assessmentDirect peers
- Hut 8 Corp: Public crypto miner that has rebranded around HPC/AI compute infrastructure via the IREN GPU joint venture. Highly comparable to Bit Digital's pivot from Bitcoin mining to AI/HPC and its dual identity of digital asset exposure plus GPU compute services.
- IREN (Iris Energy): Renewable-powered Bitcoin miner that has repositioned into AI/HPC GPU cloud services. Closely comparable to Bit Digital/WhiteFiber given its renewable-energy data centers and direct-to-chip liquid cooling roadmap for AI workloads.
- Core Scientific: Emerged from bankruptcy as a publicly listed HPC hosting provider with significant Bitcoin mining legacy and long-dated compute contracts. Comparable to Bit Digital's combination of crypto heritage plus AI/HPC colocation services.
- TeraWulf: US-based Bitcoin miner building out HPC and AI compute capabilities at its Lake Mariner facility. Comparable to Bit Digital as a small-cap crypto miner pivoting toward AI/HPC data center services.
- Applied Digital: Operates large-scale GPU cloud and AI/HPC data centers (Polaris Forge, Ellendale). Highly comparable to WhiteFiber's business model of building GPU-dense colocation for AI training/inference customers.
Broad incumbents
- Marathon Digital Holdings: One of the largest publicly traded Bitcoin miners globally, exploring HPC optionality. Comparable as a public crypto-infrastructure vehicle pivoting its asset base toward compute, though at a much larger scale than Bit Digital.
- Riot Platforms: Large-cap Bitcoin miner evaluating AI/HPC use of its Corsicana facility. Comparable to Bit Digital as a public digital asset infrastructure operator weighing HPC optionality on existing power capacity.
- MicroStrategy: Public company that pioneered the corporate digital asset treasury strategy (Bitcoin) and trades at a premium to its underlying asset value. Comparable to Bit Digital as a publicly traded vehicle giving investors leveraged exposure to a major crypto asset.
Regional players
- Cipher Mining: US-focused Bitcoin miner developing HPC/AI optionality at its Texas sites. Comparable as a smaller-cap public crypto miner evaluating infrastructure diversification, though with no current ETH treasury component.
Others
- Coinbase Global: Largest US crypto exchange and institutional custodian with staking services (including ETH staking). Comparable as an institutional-grade crypto-infrastructure peer, although it was displaced by Bit Digital as the fourth-largest public corporate ETH holder.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Bit Digital social profiles
Digital presenceBit Digital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bit Digital leadership team
Management profileNumber of profiles
Profiles1 record
Bit Digital subsidiaries and ownership
Company hierarchySubsidiaries3 records
Bit Digital funding detail
Funding detailFunding overview
Funding rounds5 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bit Digital M&A and investment
M&A and investmentM&A1 record
Investments4 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bit Digital
What does Bit Digital do?
Bit Digital is a publicly-listed Strategic Asset Company that accumulates and stakes Ethereum (ETH) to generate protocol-native yield, and operates an AI/high-performance computing (HPC) infrastructure business through its majority-owned subsidiary WhiteFiber, Inc. (Nasdaq: WYFI). The company runs Tier 3 data centers in Montreal and North Carolina equipped with direct-to-chip liquid cooling, delivering GPU compute services and colocation to enterprise customers under long-term contracts.
Is Bit Digital a public or private company?
Bit Digital is a public company. It is classified as public and is currently operating.
When was Bit Digital founded?
Bit Digital was founded in 2017. It employs 101 to 250 people.
Where is Bit Digital based?
Bit Digital is headquartered in Flushing, United States, in the North America region.
How does Bit Digital make money?
Four revenue lines are on record. Cloud Services (HPC/AI Infrastructure) is the primary driver. The others are ETH Staking Revenue, colocation Services and digital Asset Mining (Legacy).
Who are Bit Digital's main competitors?
Direct peers on record are Hut 8 Corp, IREN (Iris Energy), Core Scientific, TeraWulf and Applied Digital. Broad incumbents are Marathon Digital Holdings, Riot Platforms and MicroStrategy. Cipher Mining is listed as a regional player. Coinbase Global is listed as an others.
Does Bit Digital have an API?
No public API is recorded for Bit Digital.
What industry is Bit Digital in?
Bit Digital's product category is HPC & Digital Asset Infrastructure. Its primary akta.pro industry code is HDABAAAJ, Cloud Networking Core Services (VPC/VNet, Load Balancing, DNS, NAT), with a secondary code of HDABAOAE, Edge Networking & SD-WAN/uCPE for Edge Sites. Its NAICS code is 518210 and its SIC code is 7374.