Recent 8-K filings for BTBT
Highest-materiality recent filing
Bit Digital subsidiary WhiteFiber completes IPO, raises $159.4 million; Bit Digital retains 74.3% stake
- WhiteFiber, a subsidiary of Bit Digital, completed its IPO of 9.375 million ordinary shares at $17.00 per share, grossing $159.375 million.
- Prior to the IPO, Bit Digital contributed its HPC business to WhiteFiber in exchange for 27,043,749 shares, holding 74.3% post-IPO.
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BTBT subsidiary lends up to $100M (expandable to $150M) to WYFI subsidiary at 9.5% interest, 9-month term.
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Bit Digital FY2025 revenue $113.6M; net loss $80.3M vs prior net income $28.3M
Total revenue $113.6M (+5% YoY); net loss $(80.3)M ($0.31 diluted loss) vs net income $28.3M ($0.19) in 2024.
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Bit Digital holds $888M in ETH and WYFI; stock at 31% discount to mNAV of $2.74
ETH holdings of 155,277 tokens valued at ~$460.7M, average acquisition cost $3,045, staking yield 3.5% APY.
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Bit Digital Q3 net income $146.7M on Ethereum treasury pivot; revenue up 33%
Revenue $30.5M (+33% YoY); net income $146.7M vs loss of $38.8M; adj. EBITDA $166.8M.
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Bit Digital prelim Q3 revenue $28.9M-$32.0M; cost $11.5M-$12.7M; cash ~$179M
Preliminary unaudited revenue for Q3 2025 estimated at $28.9M to $32.0M.
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Bit Digital prices $150M 4% convertible notes due 2030; net proceeds ~$143M for ETH purchases
Offering upsized from $100M to $150M; underwriters' over-allotment option exercised in full on Sept 30.
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Bit Digital adjourns EGM to Sept 25 to vote on tripling authorized share count
Board adjourned Sept 17 EGM for further proxy solicitation; reconvened to Sept 25, 2025 at 9:00 a.m. ET.
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ETH holdings of 121,252 as of 8/31/25, valued at ~$532.5M; staking yield 2.94% in August 2025.
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Bit Digital pivots to Ethereum treasury, holds 121,076 ETH and ~74.3% of WhiteFiber
Total ETH holdings of 121,076 (value ~$511.5M as of 8/11/25); 105,015 ETH staked in Q2 2025.
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WhiteFiber, a subsidiary of Bit Digital, completed its IPO of 9.375 million ordinary shares at $17.00 per share, grossing $159.375 million.
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Bit Digital raises $67.3M via direct offering to purchase Ethereum
Sold 22M ordinary shares at $3.06 per share for gross proceeds of ~$67.3M.
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Bit Digital prices 75M-share offering at $2/sh for ~$150M gross to buy Ethereum
75,000,000 shares priced at $2.00 public price; underwriter option for 11.25M additional shares.
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Bit Digital subsidiary secures ~$43.9M credit facility from RBC for AI data center
Aggregate $43.9M facility includes $18.5M lease facility, $19.6M real estate term loan, and $5.8M revolver.
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Bit Digital files for WhiteFiber IPO, pivots to pure ETH staking and treasury, exits BTC mining
Wholly-owned HPC subsidiary WhiteFinc. confidentially submits S-1 for proposed IPO; size and price range not yet disclosed.
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Bit Digital closes $45M purchase of NC building for HPC data center; power ramp from Duke Energy
Acquired industrial building in Madison, NC for $45M (down from $53.2M); closed May 20, 2025.
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Bit Digital to acquire industrial building in Madison, NC for $53.2M for data center use
Enovum Data Centers Corp. (Bit Digital subsidiary) signs purchase agreement with Unifi Manufacturing to buy a ~946,586 sq ft industrial building on 94.83 acres for $53.2M cash.
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Bit Digital secures Saint-Jérôme data center site; 5MW Cerebras colocation targeted for July 2025
Development costs ~CAD $55M (~USD $40M) for Tier 3 retrofit; targeted go-live July 2025.
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Bit Digital FY2024 revenue $108.1M (+141% YoY); GAAP EPS $0.19 vs loss prior year
Revenue $108.1M (+141% YoY); cloud services revenue $45.7M from new HPC business.
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Bit Digital acquires Montreal data center site for CAD $33.5M; 5MW Tier-3 build expected by May 2025
Acquired 160,000 sq ft site from Alexandria Real Estate Equities (ARE) subsidiary for CAD $33.5M (~USD $23.3M).
Earnings & guidance
Materiality & sentiment trend
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