Bit Digital, Inc

Bit Digital, Inc. presented an investor presentation outlining its strategic shift to a "Strategic Asset Company" model. The company is now focused on deploying capital into productive economic infrastructure, primarily Ethereum, and AI infrastructure through its majority stake in WhiteFiber. Key highlights include significant ETH holdings, active ETH staking, and a financing structure for WhiteFiber's growth using an ETH-backed loan facility.

Bit Digital, Inc. has filed its definitive proxy statement for the 2026 Annual Meeting of Stockholders, scheduled for July 29, 2026. The meeting will take place both in-person at the company's New York headquarters and virtually. Shareholders will vote on several key proposals, including the re-election of five directors, amendments to the company's articles of association regarding quorum thresholds, approval of the 2026 omnibus equity incentive plan, and ratification of the independent registered public accounting firm. The Board of Directors recommends a vote in favor of all proposals.

Bit Digital, Inc.'s wholly-owned subsidiary, Bit Digital Capital, Inc., originated a $100 million delayed draw term loan facility for Enovum NC-1 Venture, LLC, an indirect wholly-owned subsidiary of WhiteFiber, Inc., in which Bit Digital holds a majority ownership. The facility, which can be increased to $150 million, will support WhiteFiber's near-term growth initiatives, including the buildout of a high-performance computing (HPC) data center in Madison, North Carolina. Bit Digital expects to fund advances through an Ethereum-denominated secured credit facility, aiming for attractive risk-adjusted returns that exceed traditional ETH staking yields while supporting a strategic asset.

Bit Digital reported a significant net loss of $(150.3) million for Q1 2026, or $(0.45) per share, compared to a net loss of $(57.7) million in Q1 2025. Total revenues increased to $27.9 million, driven by growth in cloud, colocation, and ETH staking services, despite a decrease in digital asset mining revenue. The company is strategically shifting towards Ethereum infrastructure and high-performance computing (HPC) through its 70.1% stake in WhiteFiber Inc. and recently acquired Financière Louis David.