Bit Digital, Inc. (NASDAQ: BTBT) is a digital asset and computing infrastructure company that operates through two primary business lines: high-performance computing (HPC) services and Ethereum-native treasury and staking operations. The company has undergone significant strategic pivots since its inception, originally listing as a Chinese peer-to-peer lending platform (Golden Bull Limited) before transitioning to bitcoin mining, and most recently shifting its focus toward AI infrastructure and Ethereum staking.
Through its majority-owned subsidiary WhiteFiber Inc., Bit Digital provides cloud and colocation services tailored for AI training and inference workloads. This HPC segment has become the company's primary revenue driver, accounting for over 75% of total revenue in early 2026, with cloud services generating the majority of this income. The company operates data centers across the United States, Canada, and Iceland, emphasizing the use of carbon-free and renewable energy sources.
In addition to its HPC business, Bit Digital maintains a substantial Ethereum treasury, holding over 155,000 ETH as of early 2026. The company actively stakes its Ethereum holdings to generate protocol-native yield, which serves as a recurring cash flow contributor. While the company historically generated significant revenue from bitcoin mining, it has actively wound down its legacy mining operations to focus capital on its higher-margin HPC and Ethereum staking strategies. Bit Digital's competitive position lies in its dual approach of monetizing compute capacity for the booming AI sector while leveraging its digital asset expertise to generate yield from its Ethereum treasury.
