secwatch.observer — SEC 8-K summary
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Issuer:     Bit Digital, Inc (BTBT)
CIK:        0001710350
Form:       8-K
Filed at:   2026-02-04T23:59:59+00:00
Accession:  0001213900-26-011802
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bit Digital holds $888M in ETH and WYFI; stock at 31% discount to mNAV of $2.74
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- ETH holdings of 155,277 tokens valued at ~$460.7M, average acquisition cost $3,045, staking yield 3.5% APY.
- 27M WYFI shares (70.4% stake) worth $427.3M, implying 0.35x market NAV multiple.
- Combined mNAV per share $2.74, stock price $1.89 as of Dec 31, 2025.
- AI/HPC infrastructure: ~11 MW online in 2025, targeting ~76 MW by YE 2026, 1.6 GW pipeline.
- Completed conversion to 100% Ethereum treasury; Bitcoin mining activities wound down.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1710350/000121390026011802/0001213900-26-011802-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1710350/000121390026011802/ea0275491-8k_bitdigital.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-011802

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer