other_material
confidence high
sentiment positive
materiality 0.75
Bit Digital pivots to Ethereum treasury, holds 121,076 ETH and ~74.3% of WhiteFiber
Bit Digital, Inc
- Total ETH holdings of 121,076 (value ~$511.5M as of 8/11/25); 105,015 ETH staked in Q2 2025.
- Holds ~74.3% of WhiteFiber (WYFI) with 27,043,749 shares valued at ~$468.4M as of 8/13/25.
- Q2 2025 staking revenue $365,332; 166.8 ETH staking rewards; staking gross margin 92%.
- Illustrative mNAV per share $3.23 vs. BTBT share price $3.17 (approx. 2% discount).
- No borrowings under CAD$60M credit facility; company exiting Bitcoin mining to focus solely on ETH.
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