US Market News
6日前
BRC Specialty Finance Provides $20 Million Senior Secured Term Loan Supporting AI-Driven HPC Data Center Infrastructure ProviderJune 3, 2026 7:44 AM
PR Newswire (US) Transaction highlights platform's ability to deliver agile, structured capital solutions for the middle marketLOS ANGELES, June 3, 2026 /PRNewswire/ -- BRC Specialty Finance, the direct lending platform of BRC Group Holdings, Inc. (NASDAQ: RILY) ("BRCGH") and B. Riley Securities, Inc. ("BRS"), a leading full-service investment bank, today announced that BRS has assumed a $20 million advance under a $100 million senior secured delayed draw term loan facility originated by Bit Digital, Inc. (NASDAQ: BTBT) to Enovum NC-1 Venture LLC, an indirect wholly-owned subsidiary of WhiteFiber, Inc. (NASDAQ: WYFI).Through an Assignment and Assumption Agreement, BRS became a lender of record on the same economic terms as the lead lender, capitalizing on an attractive risk-adjusted yield in the growing digital infrastructure sector. This 90-day assigned advance is expected to bridge the borrower to its anticipated permanent institutional financing. The borrower intends to use the facility for general corporate purposes, which may include the completion of the buildout of the first phase of a HPC data center located in Madison, North Carolina, being developed by affiliates of WhiteFiber, subject to the timing of the closing of permanent financing, as well as other growth initiatives. Bryant Riley, Chairman and Co-Chief Executive Officer of BRCGH and Executive Chairman of BRS, said: "This transaction solves a dual-sided credit need: unlocking critical liquidity for underserved, high-catalyst operators scaling next-generation data center infrastructure, while capturing high-quality, asset-backed yields for our platform. This financing addresses a specific market gap we are uniquely suited to fill. Traditional lenders are often not structured for shorter-term facilities of this nature and lack the longer-term investment in corporate relationships that serves as our guiding principle." Andy Moore, Chief Executive Officer of BRS, said: "Our deep, multi-year relationship with the Bit Digital and WhiteFiber management teams allowed B. Riley Securities to execute this transaction with speed and precision. This transaction is a testament to our platform's ability to bring flexible capital, speed, and trusted relationships to bear for clients at their most critical inflection points."In a separate transaction, BRCGH has also finalized a $10 million receivables-backed purchase agreement with a publicly traded technology company, providing short-term liquidity to a repeat client and valued long-term partner – demonstrating the platform's early momentum.These transactions underscore BRC Specialty Finance's commitment to deploying structured capital solutions to small-cap and middle market companies – a segment frequently underserved by traditional lenders. The platform continues to focus on high-quality credit opportunities that combine strong downside protection and compelling yields.About BRC Specialty Finance
BRC Specialty Finance is the direct lending platform of BRC Group Holdings and B. Riley Securities, specializing in providing bespoke, flexible credit solutions—including structured equity loans, bridge facilities, delayed draw term loans, and structured debt—to small and middle-market companies. Differentiated by its public company focus, capital markets fluency, and solutions-oriented approach, BRC Specialty Finance structures financing around each borrower's capital structure, liquidity profile, and strategic objectives. The platform's ability to pair credit underwriting with real-time capital markets insights provides borrowers with greater flexibility.About B. Riley Securities, Inc.
B. Riley Securities, Inc. provides a full suite of investment banking and capital markets services to corporations, financial sponsors, and institutional investors across all industry verticals. Services include initial and follow-on offerings, debt and equity-linked solutions, institutional private placements, merger and acquisition (M&A) advisory, corporate restructuring, and liability management. Widely recognized for its thematic proprietary equity research, clients benefit from BRS' extensive network, industry expertise, and proven execution capabilities through its end-to-end platform. For more information, visit www.brileysecurities.com and follow us on LinkedIn.About BRC Group Holdings, Inc.
BRC Group Holdings, Inc. (Nasdaq: RILY) is a diversified holding company, including financial services, communications, and retail, and investments in equity, debt and venture capital. Our core financial services platform provides small cap and middle market companies customized end-to-end solutions at every stage of the enterprise life cycle. Our banking business offers comprehensive services in capital markets, sales, trading, research, merchant banking, M&A, and restructuring. Our wealth management business offers wealth management and financial planning services including brokerage, investment management, insurance, and tax preparation. Our communications businesses provide consumer and business services including traditional, mobile and cloud phone, internet and data, security, and email. Our retail businesses provide mobile computing accessories and home furnishings. BRCGH deploys its capital inside and outside its core financial services platform to generate shareholder value through opportunistic investments. For more information, please visit www.brcgh.com.Forward-Looking Statements
Statements made in this press release that are not descriptions of historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on management's current expectations and assumptions and are subject to risks and uncertainties. Forward-looking statements include, without limitation, statements regarding the growth and capital deployment of BRC Specialty Finance, the borrower's anticipated permanent institutional financing, the platform's ability to source and execute future credit opportunities, and expected financial and operational results. If the risks or uncertainties referenced herein materialize, or if underlying assumptions prove incorrect, BRCGH's business, operating results, financial condition, and stock price could be materially and adversely affected. Actual results may differ materially from those anticipated due to factors including, but not limited to, changes in market conditions, borrower performance, the availability of attractive credit opportunities, regulatory developments, general economic conditions, and the other risks described in BRCGH's periodic filings with the SEC, including under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in BRC Group Holdings, Inc.'s 2025 Annual Report on Form 10-K and 2026 Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. BRCGH undertakes no obligation to update any forward-looking statement, except as required by law.Contacts
Mike Frank
Investor Relations
US Market News
2週前
Bit Digital Originates Strategic Financing Facility Supporting WhiteFiber Growth InitiativesMay 27, 2026 5:27 PM
PR Newswire (US) NEW YORK, May 27, 2026 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a publicly-listed Strategic Asset Company focused on Ethereum strategies, AI/HPC Infrastructure, and strategic acquisitions, today announced that it has originated and served as a lender for a $100 million delayed draw term loan facility for a subsidiary of WhiteFiber, Inc. (Nasdaq: WYFI) ("WhiteFiber" or "WYFI") as borrower. B. Riley Securities, Inc. purchased a portion of the term loans under the facility from Bit Digital Capital, Inc. The facility is designed to support WYFI's near-term growth initiatives. WYFI is a leading provider of AI infrastructure and high-performance computing solutions in which Bit Digital holds a majority ownership interest. The facility provides WhiteFiber with access to up to $100 million in delayed draw financing with the ability to expand to $150 million upon mutual agreement of the parties.Bit Digital expects to fund advances in whole or in part through drawings against an Ethereum-denominated secured credit facility, allowing the Company to retain ETH exposure, while earning an attractive financing spread on the term loan asset. The Company believes the structure represents a differentiated treasury strategy utilizing Ethereum-backed financing to pursue enhanced risk-adjusted returns beyond traditional staking activities.The facility is intended to advance Bit Digital's capital allocation strategy as a Strategic Asset Company platform by pursuing attractive risk-adjusted returns while supporting the growth of strategic assets within its platform. In this case, the facility is expected to provide Bit Digital with economics that significantly exceed traditional ETH staking yields, while also supporting WhiteFiber's long-term value creation that benefit Bit Digital shareholders through its equity investment in WYFI.The transaction was approved by the Company's Board pursuant to a comprehensive governance process, including review by an independent committee of disinterested directors considering the economics, structure, strategic rationale, shareholder alignment, and overall risk profile. Each of the Board of Directors of Bit Digital and WhiteFiber has received the written fairness opinion of Needham and Company LLC and Seaport Global Securities, LLC, respectively."This transaction reflects a disciplined and differentiated capital allocation approach that further supports our existing AI Infrastructure investment thesis, as expressed through our holdings of WhiteFiber, while pursuing attractive risk-adjusted economics for our treasury that we believe exceed traditional ETH staking yields," said Bit Digital CEO Sam Tabar. "We believe the structure appropriately balances execution, governance considerations, shareholder alignment, and long-term strategic value creation, reflecting our unique and complementary business strategy mix."Additional information regarding the transaction is available in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission.About Bit DigitalBit Digital, Inc. (Nasdaq: BTBT) is a publicly-listed Strategic Asset Company. The Company operates across three core verticals: a disciplined ETH accumulation program focused on long-term NAV per share growth, an AI/HPC infrastructure business through its subsidiary WhiteFiber, Inc. (Nasdaq: WYFI), and strategic acquisitions. Bit Digital is headquartered in New York, New York. For additional information, please contact ir@bit-digital.com or follow us on LinkedIn or X.Investor NoticeInvesting in our securities involves risks worth considering before making an investment decision. All current and potential investors are advised to regularly review the risks, uncertainties and forward-looking statements described under "Risk Factors" in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025 (Annual Report) and any subsequently filed quarterly reports on Form 10-Q and any Current Reports on Form 8-K. If any material risks were to occur – including those not presently known to us or currently deemed immaterial – our business operations may be impaired, and our financial condition or operating results would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See "Safe Harbor Statement" below.Safe Harbor StatementThis press release may contain certain "forward-looking statements" relating to the business of Bit Digital, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. View original content to download multimedia:https://www.prnewswire.com/news-releases/bit-digital-originates-strategic-financing-facility-supporting-whitefiber-growth-initiatives-302783674.htmlSOURCE Bit Digital, Inc. Original: Bit Digital Originates Strategic Financing Facility Supporting WhiteFiber Growth Initiatives
US Market News
2週前
WhiteFiber Secures $100 Million Delayed Draw Facility to Support Near-Term Growth InitiativesMay 27, 2026 5:00 PM
PR Newswire (US) NEW YORK, May 27, 2026 /PRNewswire/ -- WhiteFiber, Inc. (Nasdaq: WYFI) ("WhiteFiber" or the "Company"), a leading provider of AI infrastructure and high-performance computing solutions, today announced that it has entered into a $100 million delayed draw term loan facility with Bit Digital Capital, Inc., a wholly owned subsidiary of Bit Digital, Inc. (Nasdaq: BTBT). The facility may be increased to $150 million upon mutual agreement of the parties. B. Riley Securities, Inc. purchased a portion of the term loans under the facility from Bit Digital Capital, Inc. The facility is intended to provide WhiteFiber with additional financial flexibility to support near-term growth initiatives in both its data centers and cloud services businesses."This facility gives WhiteFiber added flexibility to pursue near-term growth initiatives by bridging timing gaps between the start of a project and closing its associated permanent financing. Meanwhile, we continue to advance non-dilutive permanent financing solutions, including our recently expanded and amended credit facility with the Royal Bank of Canada, and ongoing progress on the permanent financing for NC-1, which we continue to expect to be completed in the near-term," said Sam Tabar, Chief Executive Officer of WhiteFiber. "Our focus remains on disciplined execution, bringing contracted capacity online, and building a scalable infrastructure platform for the next generation of AI workloads."The facility is structured as a delayed draw term loan facility. The company intends to use the proceeds for general corporate purposes, which may include the completion of the buildout of the first phase of an HPC data center located in Madison, North Carolina, being developed by affiliates of the company, subject to the timing of the closing of permanent financing, as well as other growth initiatives.About WhiteFiber, Inc.WhiteFiber is a provider of artificial intelligence ("AI") infrastructure solutions. WhiteFiber owns high-performance computing data centers and provides cloud services to customers. Our vertically integrated model combines specialized colocation, hosting, and cloud services engineered to maximize performance, efficiency, and margin for generative AI workloads. For more information, visit www.whitefiber.com. Follow us on LinkedIn and X @WhiteFiber.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of applicable securities laws. Such statements include, but are not limited to, statements about the intended use of proceeds from the facility, the potential increase of the facility to $150 million, the Company's pursuit of growth initiatives across its data centers and cloud services businesses, the Company's ability to secure additional non-dilutive capital solutions, the timing for completion of the initial phase at our NC-1 facility, our ability to obtain financing on favorable terms, the expected completion of permanent financing for NC-1, the anticipated timing and deployment of the information technology load, our ability to bring contracted capacity online and build a scalable infrastructure platform, our position and ability to support AI infrastructure demand, and our ability to capture the next phase of growth in AI infrastructure. These statements are based on current expectations and involve risks and uncertainties that may cause actual results to differ materially. These statements may be identified by words such as "will likely result," "are expected to," "will continue," "will allow us to," "is anticipated," "estimated," "expected," "believe," "intend," "plan," "projection," "outlook" or words of similar meaning. These forward-looking statements are based upon the current beliefs and expectations of the Company's management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. There can be no assurance that the forward-looking statements contained herein are reflective of future performance to any degree. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance. For a more detailed discussion of risk factors that could affect the Company's results, please refer to the Company's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The Company undertakes no obligation to update any forward-looking statements except as required by law. All forward-looking statements speak only as of the date of this press release.Investor Contact
WhiteFiber
IR@whitefiber.com View original content to download multimedia:https://www.prnewswire.com/news-releases/whitefiber-secures-100-million-delayed-draw-facility-to-support-near-term-growth-initiatives-302783598.htmlSOURCE WhiteFiber, Inc. Original: WhiteFiber Secures $100 Million Delayed Draw Facility to Support Near-Term Growth Initiatives
iHub News
4週前
Investor Relations Leadership Change Highlights Bit Digital’s (BTBT) Ethereum and AI Strategy PushMay 11, 2026 10:57 AM
IH Market News Bit Digital appointed a new Head of Investor Relations as the company continues expanding its Ethereum infrastructure and AI/HPC positioning in public markets. Key Investor Takeaways Bit Digital (NASDAQ:BTBT) named Daniel Kennedy as Head of Investor Relations, replacing Cameron Schnier. The appointment comes as BTBT continues building its Ethereum-focused and AI/HPC infrastructure strategy. Kennedy brings experience in digital assets, fintech, AI infrastructure, and public market communications. The move signals a continued focus on investor engagement as the company expands its strategic asset platform. Investors may watch whether Bit Digital’s Ethereum and AI initiatives translate into stronger institutional visibility and market positioning. Why Bit Digital Stock Is in Focus Bit Digital announced the appointment of Daniel Kennedy as its new Head of Investor Relations.Kennedy previously served as a board member, advisor, and director for several publicly traded companies operating in digital assets, fintech, and AI infrastructure markets.He replaces Cameron Schnier, who had led investor relations at Bit Digital since 2022 and will remain involved with the company in a strategic advisory capacity while continuing his investor relations role at WhiteFiber (NASDAQ:WYFI).According to the company, Kennedy’s background includes institutional capital markets experience as well as expertise in blockchain infrastructure, digital assets, and AI/HPC sectors.Bit Digital said the appointment is intended to strengthen shareholder communications and support investor engagement efforts as the company scales its Ethereum and AI-related initiatives.“No company in the digital asset and AI infrastructure space has been more consistently ahead of the curve than Bit Digital. It’s an honor to join a team of visionaries dedicated to building the Ethereum strategy, rails, and AI infrastructure upon which the future of finance will rely,” Kennedy said.CEO Sam Tabar added: “As we continue scaling our Ethereum strategies and AI-focused initiatives, his experience will support our efforts to communicate the Company’s strategy, value, and long-term objectives to investors.” Why This Matters for Investors While the announcement is not tied to earnings or a new product launch, it reflects Bit Digital’s ongoing effort to position itself around two high-interest themes: Ethereum infrastructure and AI/HPC computing assets.Investor relations leadership changes can matter for companies operating in rapidly evolving sectors where valuation narratives are heavily influenced by market communication, institutional visibility, and strategic positioning.The appointment may also suggest that Bit Digital is preparing for broader engagement with investors as it expands its role as a publicly traded strategic asset company with exposure to both blockchain infrastructure and AI-related computing assets.At the same time, the announcement does not introduce new financial guidance, operational metrics, or revenue forecasts. Investors may therefore focus more on how the company executes its broader Ethereum and AI infrastructure strategy in coming quarters. What To Watch Next Key areas investors may monitor include: Updates on Bit Digital’s Ethereum staking and infrastructure strategy Expansion of AI/HPC operations tied to WhiteFiber Additional leadership or strategic partnership announcements Capital allocation decisions and balance sheet positioning Whether stronger investor communications improve institutional interest and market visibility Bit Digital stock price Original: Investor Relations Leadership Change Highlights Bit Digital’s (BTBT) Ethereum and AI Strategy Push
US Market News
1月前
Bit Digital, Inc. Announces Date for First Quarter 2026 Financial Results and Conference CallMay 7, 2026 4:30 PM
PR Newswire (US) NEW YORK, May 7, 2026 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company") today announced that it will release its financial results for the first quarter ended March 31, 2026, after the market closes on Thursday, May 14, 2026. Senior management will host a live webcast and conference call to discuss the results at 10:00 a.m. Eastern Time on Friday, May 15, 2026.To register for the webcast, please click here. Participants may also join the conference call by dialing 1-800-330-6730 (passcode: 340594).The earnings press release will be available on the Company's website at www.bit-digital.com prior to the start of the call.About Bit Digital
Bit Digital (NASDAQ: BTBT) is a Strategic Asset Company (SAC) focused on active participation in Ethereum infrastructure and controlling equity exposure to AI/HPC infrastructure through its majority ownership stake in WhiteFiber (NASDAQ: WYFI). The Company purchases and stakes ETH to generate protocol-native yield and participates directly in the Ethereum network. Bit Digital allocates capital with a focus on long-duration, foundational infrastructure, and disciplined balance sheet management. For additional information, please contact ir@bit-digital.com, visit our website at www.bit-digital.com or follow us on LinkedIn or X.Investor Notice
Investing in our securities involves risks worth considering, before making an investment decision. All current and potential investors are advised to regularly review the risks, uncertainties and forward-looking statements described under "Risk Factors" in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025 (Annual Report) and any subsequently filed quarterly reports on Form 10-Q and any Current Reports on Form 8-K. If any material risks were to occur – including those not presently known to us or currently deemed immaterial – our business operations may be impaired, and our financial condition or operating results would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See "Safe Harbor Statement" below.Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating to the business of Bit Digital, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. View original content to download multimedia:https://www.prnewswire.com/news-releases/bit-digital-inc-announces-date-for-first-quarter-2026-financial-results-and-conference-call-302766195.htmlSOURCE Bit Digital, Inc. Original: Bit Digital, Inc. Announces Date for First Quarter 2026 Financial Results and Conference Call
US Market News
2月前
Bit Digital, Inc. Announces Fiscal Year 2025 Financial ResultsMarch 31, 2026 4:30 PM
PR Newswire (US)
NEW YORK, March 31, 2026 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company"), today announced its financial results for the Fiscal Year 2025. The Company will host a conference call on April 1, 2026, at 10:00 AM ET to discuss results (click here for registration information).
Financial Highlights for Fiscal Year 2025The Company's results for 2025 reflect its continued transition toward an Ethereum-focused treasury strategy and majority ownership in WhiteFiber, a separately managed public company, providing exposure to AI infrastructure.Results for fiscal year 2025 include the consolidated financial performance of WhiteFiber Inc. (Nasdaq: WYFI), which was a wholly-owned subsidiary prior to its initial public offering on August 6, 2025 and continues to be consolidated following the IPO due to its majority ownership. Following the IPO, Bit Digital continues to hold a majority ownership stake in WhiteFiber, a separately managed public company, with a portion of net income attributable to non-controlling interests.Total revenue for fiscal year 2025 was $113.6 million, a 5% increase compared to $108.0 million in fiscal year 2024. The increase was primarily driven by growth in cloud and colocation services, along with increased revenue from ETH staking, partially offset by a decrease in digital asset mining revenue.Revenue from digital asset mining was $27.3 million for 2025, a 53% decrease compared to $58.6 million in the prior year. The decline was driven by increased network difficulty and a reduction in active hash rate as the Company continues to wind down this business line.Revenue from cloud services was $68.8 million, a 50% increase compared to $45.7 million in the prior year.Revenue from colocation services was $8.9 million, a 555% increase from $1.4 million in the prior year.Revenue from ETH staking was $7.0 million, a 287% increase compared to $1.8 million in 2024. The increase was driven by higher staking rewards, growth in staked balances, and higher average ETH prices.Net loss attributable to Bit Digital shareholders for fiscal year 2025 was $(80.3) million, or $(0.31) per diluted share, compared to net income of $28.3 million, or $0.19 per diluted share, in fiscal year 2024.Adjusted EBITDA for fiscal year 2025 was $(24.9) million, compared to $73.0 million in fiscal year 2024. The change was primarily driven by a significant swing in digital asset gains and losses, reflecting volatility in crypto asset prices, including a loss of approximately $29.2 million in 2025 compared to a gain of approximately $55.7 million in 2024, partially offset by growth in cloud, colocation, and ETH staking revenue[1].Cash and cash equivalents totaled $118.4 million as of December 31, 2025, compared to $95.2 million as of December 31, 2024.Total digital assets were $415.7 million as of December 31, 2025, compared to $161.4 million as of December 31, 2024, reflecting continued ETH accumulation, partially offset by lower ETH prices at year-end 2025.As of December 31, 2025, Bit Digital held 27,043,750 WhiteFiber shares, with an implied value of approximately $427.3 million based on the Nasdaq closing price of $15.80 per share on that date.Strategic Asset Company StrategyIn June 2025, Bit Digital initiated a strategic transition toward an Ethereum-focused treasury and staking strategy, reshaping the Company to align its capital allocation and operations with secular changes in digital assets and compute infrastructure. We have concentrated our capital, staking activity, and balance sheet around Ethereum as programmable financial infrastructure, while maintaining exposure to AI infrastructure through our majority ownership stake in WhiteFiber, a separately managed public company.Today, Bit Digital operates as a Strategic Asset Company (SAC), focused on capital allocation across two core areas: Ethereum as economic infrastructure, and AI infrastructure through its ownership stake in WhiteFiber. As a SAC, the Company goes beyond passive treasury accumulation by actively participating in the Ethereum network through validator operations and staking, generating yield and supporting network activity. At the same time, it maintains exposure to growing demand for AI and high-performance computing infrastructure through its ownership of WhiteFiber. This approach is designed to support long-term compounding through staking yield, disciplined capital allocation, and exposure to structural growth in both digital assets and compute infrastructure.As a result of this strategy, the Company's ETH position[2] has grown significantly:June 30, 2025: 30,663 ETH held.December 31, 2025: 155,227 ETH held, with a market value of approximately $460.6 million based on a closing ETH price of approximately $2,967 at year-end.As of December 31, 2025, approximately 138,263 ETH, or ~89% of total holdings, were actively staked. In 2025, the Company earned approximately 1,988.8 ETH from native staking rewards, compared to 565.1 ETH in 2024, reflecting continued growth in staking participation and yield generation. Staking rewards contributed $7.0 million in revenue during 2025.The Company's average acquisition price across its ETH holdings was approximately $3,045 as of year-end. The Company remains focused on growing its ETH position in a disciplined and opportunistic manner over time, with an emphasis on capital efficiency, staking yield and long-term compounding rather than short-term scale.Bitcoin Mining UpdateBit Digital continues to wind down its bitcoin mining operations as part of its transition toward an Ethereum-focused treasury strategy. During 2025, the Company reduced its active hash rate as legacy capacity was retired, resulting in lower production.As of December 31, 2025, the Company's active hash rate was approximately 1.5 EH/s, with an average fleet efficiency of approximately 22 J/Th.The Company does not expect to allocate meaningful growth or maintenance capital to this segment going forward, as operations are primarily focused on the orderly runoff of remaining hosting agreements. Proceeds from ongoing activity are generally converted into ETH to support the Company's treasury strategy, and we expect mining exposure to continue declining over time.Management Commentary"2025 was a defining year for Bit Digital as we repositioned the Company around a clear view of how capital markets are evolving," said Sam Tabar, CEO of Bit Digital. "We exited businesses that no longer represented an efficient use of capital and concentrated our efforts in infrastructure we believe will compound over time. Today, that means Ethereum as economic infrastructure and AI compute through our majority ownership stake in WhiteFiber.""We do not view Ethereum as a passive holding. It is programmable financial infrastructure that allows us to participate directly in network activity through staking and related activities. Our focus is on increasing ETH per share in a disciplined way while maintaining flexibility and balance sheet strength. We have been deliberate in how we scale our position and have not prioritized size for its own sake. We believe this approach better positions us to grow the ETH balance opportunistically over time.""At the same time, our majority ownership stake in WhiteFiber provides exposure to AI infrastructure, where demand for compute continues to outpace supply. We view this as a long-term ownership position and do not intend to monetize it opportunistically.""As we move into the next phase, our focus is on strengthening the Company's ability to generate durable cash flow to support continued investment and compounding across the platform. We are actively evaluating opportunities to expand our business in ways that align with this objective.""We have operated through multiple market cycles. Volatility is not new to us. Our focus is on disciplined execution and long-term compounding."About Bit DigitalBit Digital (NASDAQ: BTBT) is a Strategic Asset Company (SAC) focused on active participation in Ethereum infrastructure and controlling equity exposure to AI/HPC infrastructure through its majority ownership stake in WhiteFiber (NASDAQ: WYFI). The Company purchases and stakes ETH to generate protocol-native yield and participates directly in the Ethereum network. Bit Digital allocates capital with a focus on long-duration, foundational infrastructure and disciplined balance sheet management. For additional information, please contact ir@bit-digital.com or follow us on LinkedIn or X.Investor NoticeInvesting in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under "Risk Factors" in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025 (Annual Report) and any subsequently filed quarterly reports on Form 10-Q and any Current Reports on Form 8-K. If any material risk was to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See "Safe Harbor Statement" below.Safe Harbor StatementThis press release may contain certain "forward-looking statements" relating to the business of Bit Digital, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.[1] To supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP, we use EBITDA and Adjusted EBITDA as non-GAAP financial measures. We believe these measures provide useful information to investors and others in understanding and evaluating our operating results as they eliminate the effects of certain items that are not directly attributable to our core operating performance. However, the use of these non-GAAP measures has limitations as an analytical tool, and you should not consider them in isolation or as a substitute for analysis of our results as reported under GAAP. Some of these limitations are: (i) they do not reflect our cash expenditures or future requirements for capital expenditures; (ii) they do not reflect changes in, or cash requirements for, our working capital needs; and (iii) other companies in our industry may calculate these measures differently, limiting their usefulness as comparative measures[2] Includes approximately 6,062 ETH and ETH-equivalents held in an externally managed fund as of June 30, 2025; Includes approximately 15,218.3 ETH and ETH-equivalents held in an externally managed fund as of December, 31, 2025.
View original content to download multimedia:https://www.prnewswire.com/news-releases/bit-digital-inc-announces-fiscal-year-2025-financial-results-302730385.htmlSOURCE Bit Digital, Inc.
Original: Bit Digital, Inc. Announces Fiscal Year 2025 Financial Results
US Market News
4月前
Bit Digital Inc. Reports Monthly Ethereum Treasury and Staking Metrics for January 2026February 6, 2026 8:00 AM
PR Newswire (US)
NEW YORK, Feb. 6, 2026 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company") today announced its monthly Ethereum ("ETH") treasury and staking metrics for the month of January 2026:
Key Highlights for January 2026As of January 31, 2026, the Company held approximately 155,239.4[1] ETH.Based on a closing ETH price of approximately $2,449, as of January 31, 2026, the market value of the Company's ETH holdings was approximately $380.2 million.The Company's total average ETH acquisition price for all holdings was approximately $3,045 as of January 31, 2026.The Company's total staked ETH was ~138,266, or ~89% of its total holdings, as of January 31, 2026.Staking operations generated approximately 344.0 ETH in rewards during the period, representing an annualized yield of approximately 2.9%.Bit Digital shares outstanding were 324,202,059 as of January 31, 2026.The Company maintains ownership of approximately 27.0 million WhiteFiber (WYFI) shares with a market value of approximately $527.6 million as of January 31, 2026. On January 28, 2026, Bit Digital reaffirmed its long-term investment in WhiteFiber and confirmed that it will not sell any of its WhiteFiber shares in any secondary offering or other discretionary disposition during 2026.[1] Includes approximately 15,236.4 ETH and ETH-equivalents held in an externally managed fund.About Bit DigitalBit Digital (NASDAQ: BTBT) is a Strategic Asset Company (SAC) focused on active participation in Ethereum infrastructure and controlling equity exposure to AI/HPC infrastructure through its majority ownership stake in WhiteFiber (NASDAQ: WYFI). The Company purchases and stakes ETH to generate protocol-native yield and participates directly in the Ethereum network. Bit Digital allocates capital with a focus on long-duration, foundational infrastructure and disciplined balance sheet management. For additional information, please contact ir@bit-digital.com or follow us on LinkedIn or X.Investor NoticeInvesting in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under "Risk Factors" in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2024 (Annual Report) and any subsequently filed Quarterly Reports on Form 10-Q and any Current Reports on Form 8-K. If any material risk was to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See "Safe Harbor Statement" below.Safe Harbor StatementThis press release may contain certain "forward-looking statements" relating to the business of Bit Digital, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
View original content to download multimedia:https://www.prnewswire.com/news-releases/bit-digital-inc-reports-monthly-ethereum-treasury-and-staking-metrics-for-january-2026-302681278.htmlSOURCE Bit Digital, Inc.
Original: Bit Digital Inc. Reports Monthly Ethereum Treasury and Staking Metrics for January 2026
US Market News
4月前
Bit Digital Reaffirms Long-Term Investment in WhiteFiber SharesJanuary 28, 2026 4:30 PM
PR Newswire (US)
NEW YORK, Jan. 28, 2026 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company") today reaffirmed its long-term investment in WhiteFiber, Inc. ("WhiteFiber" or "WYFI") and confirmed that it will not sell any of its WhiteFiber shares in any secondary offering or other discretionary disposition during 2026.
Following WhiteFiber's initial public offering in August 2025, Bit Digital continues to own approximately 27 million shares of WhiteFiber. On February 2, 2026, the IPO lockup period for Bit Digital's WhiteFiber shares will expire. As previously stated on the Company's November 2025 earnings call, Bit Digital views its investment in WhiteFiber as a core strategic holding and will not sell any of its WYFI shares during 2026 following the expiration of the IPO lockup. From time to time, the Company may engage in limited treasury or risk-management activities, including derivative transactions, in the ordinary course of corporate finance. Any such activities would be undertaken with the intention of maintaining Bit Digital's long-term ownership position in WhiteFiber and are not intended to represent a monetization of its WhiteFiber investment.Sam Tabar, Chief Executive Officer of Bit Digital, commented:"As WhiteFiber's IPO lockup approaches expiration, we want to reaffirm what we previously communicated to investors. WhiteFiber is central to our long-term strategy and represents our core exposure to AI infrastructure, alongside our Ethereum-focused digital asset platform. Our continued ownership reflects strong alignment with WhiteFiber's other shareholders and underscores our confidence in the company's long-term growth."About Bit DigitalBit Digital is a publicly traded digital asset platform focused on Ethereum-native treasury and staking strategies. The Company began accumulating and staking ETH in 2022 and now operates one of the largest institutional Ethereum staking infrastructures globally. Bit Digital's platform includes advanced validator operations, institutional-grade custody, active protocol governance, and yield optimization. Through strategic partnerships across the Ethereum ecosystem, Bit Digital aims to deliver exposure to secure, scalable, and compliant access to onchain yield. Bit Digital also holds a majority equity stake in WhiteFiber (Nasdaq: WYFI), a leading AI infrastructure provider and HPC solutions. For additional information, please contact ir@bit-digital.com or follow us on LinkedIn or X.Investor Notice
Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under "Risk Factors" in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2024 (Annual Report) and any subsequently filed Quarterly Reports on Form 10-Q and any Current Reports on Form 8-K. If any material risk was to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See "Safe Harbor Statement" below.Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating to the business of Bit Digital, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein, are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," or similar expressions, involving known and unknown risks and uncertainties. Forward-looking statements in this press release include statements regarding WYFI shares held by BTBT and WYFI's long-term growth. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
View original content to download multimedia:https://www.prnewswire.com/news-releases/bit-digital-reaffirms-long-term-investment-in-whitefiber-shares-302673075.htmlSOURCE Bit Digital, Inc.
Original: Bit Digital Reaffirms Long-Term Investment in WhiteFiber Shares
INV4
11月前
Bit Digital Shifts Entire Treasury to Ethereum, Becomes One of the Largest ETH Holders Among Public Companies
July 7, 2025
Following a $172 million public equity raise and conversion of its balance sheet from Bitcoin to Ethereum, Bit Digital has accumulated over 100K ETH to become one of the largest corporate treasury companies in the world led under Ethereum veteran Sam Tabar
NEW YORK, July 7, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), today announced the completion of its transition to an Ethereum treasury strategy. Following the close of its recent underwritten public offering, the Company raised approximately $172 million in gross proceeds and has deployed the net capital to purchase Ethereum ("ETH"). Additionally, Bit Digital sold approximately 280 BTC and used the proceeds to purchase additional ETH.
Prior to the offering, Bit Digital held 24,434 ETH as of March 31, 2025. Following the additional ETH acquisitions funded by the net proceeds of the public offerings and the sale of its bitcoin position, the Company has accumulated approximately 100,603 ETH.
"We believe Ethereum has the ability to rewrite the entire financial system. Ethereum's programmable nature, growing adoption, and staking yield model represent the future of digital assets," said Sam Tabar, Chief Executive Officer of Bit Digital. "Bit Digital is aligning itself with Ethereum's long-term potential and positioning itself as a focused Ethereum treasury platform in the public markets. We are starting with exposure to over 100K ETH for now but we intend to aggressively add more so we become the preeminent ETH holding company in the world."
About Bit Digital
Bit Digital is a publicly traded digital asset platform focused on Ethereum-native treasury and staking strategies. The Company began accumulating and staking ETH in 2022 and now operates one of the largest institutional Ethereum staking infrastructures globally. Bit Digital's platform includes advanced validator operations, institutional-grade custody, active protocol governance, and yield optimization. Through strategic partnerships across the Ethereum ecosystem, Bit Digital aims to deliver exposure to secure, scalable, and compliant access to onchain yield. For additional information, please contact ir@bit-digital.com or follow us on LinkedIn or X.
https://finviz.com/news/96820/bit-digital-shifts-entire-treasury-to-ethereum-becomes-one-of-the-largest-eth-holders-among-public-companies
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