---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-057847"
form_type: "8-K"
ticker: "BTBT"
cik: "0001710350"
company_name: "Bit Digital, Inc"
filed_at: "2025-06-25T23:59:59+00:00"
generated_at: "2026-05-18T19:36:05.923533+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-057847
- form_type: 8-K
- ticker: BTBT
- cik: 0001710350
- company_name: Bit Digital, Inc
- filed_at: 2025-06-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1710350/000121390025057847/0001213900-25-057847-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1710350/000121390025057847/ea0246980-8k_bitdigital.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-057847
- JSON: https://secwatch.observer/filing/0001213900-25-057847.json
- Plain text: https://secwatch.observer/filing/0001213900-25-057847.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.