Bit Digital files for WhiteFiber IPO, pivots to pure ETH staking and treasury, exits BTC mining

Bit Digital, Inc

Wholly-owned HPC subsidiary WhiteFinc. confidentially submits S-1 for proposed IPO; size and price range not yet disclosed.
Company shifts to pure-play Ethereum staking and treasury; plans to sell or wind-down bitcoin mining operations.
As of March 31, 2025, holds 24,434 ETH (~$44.6M) and 417.6 BTC (~$34.5M); intends to convert BTC holdings into ETH over time.
Staking generated an average 3.2% APY on ETH in 2024; rewards to be reinvested or used for corporate purposes.
Management expects ETH holdings and staking income to become primary source of shareholder value.

item 8.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.