Bit Digital Shares Decline Amidst Turmoil in Crypto Markets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 14 2025
0mins
Should l Buy BTBT?
Source: Benzinga
Q3 Financial Performance: Bit Digital reported Q3 2025 revenue of $30.5 million, exceeding analyst expectations, with a significant net income of $146.7 million, driven by digital asset gains, despite a loss in adjusted earnings per share.
Business Segment Highlights: Digital asset mining revenue fell by 27%, while cloud services and Ethereum staking revenue saw substantial growth, reflecting the company's strategic pivot towards Ethereum-focused operations.
WhiteFiber Consolidation: The quarter marked the full consolidation of WhiteFiber Inc., which contributed to Bit Digital's cloud and AI infrastructure strategy, despite WhiteFiber missing revenue estimates and reporting a net loss.
Ethereum Strategy and Market Context: Bit Digital increased its Ethereum holdings significantly, aiming to build a large ETH treasury, while the broader cryptocurrency market faced volatility, impacting share prices of both Bit Digital and WhiteFiber.
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Analyst Views on BTBT
Wall Street analysts forecast BTBT stock price to rise
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 1.700
Low
4.00
Averages
5.63
High
7.00
Current: 1.700
Low
4.00
Averages
5.63
High
7.00
About BTBT
Bit Digital, Inc. is a global platform for high performance computing (HPC) infrastructure and digital asset production company. The Company is a provider of HPC data centers and cloud-based HPC graphics processing units (GPU) services, which term cloud services, for customers such as artificial intelligence (AI) and machine learning (ML) developers. The Company designs, develops, and operates HPC data centers, through which it offers hosting and colocation services. The Company has four reportable segments: Digital asset mining, Cloud services, Colocation services, and ETH Staking. The Digital asset mining segment is engaged in bitcoin and mining activities. The Cloud services segment provides HPC services to support generative AI workstreams. The Colocation services segment provide customers with physical space, power and cooling within the data center facility. The ETH staking segment is engaged in both native staking and liquid staking.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Bit Digital Holds 155,239.4 Ethereum with Market Value of ~$380.2 Million
- Ethereum Holdings: As of January 31, 2026, Bit Digital holds approximately 155,239.4 Ethereum, with a market value of around $380.2 million based on a closing price of ~$2,449, indicating significant investment in crypto assets.
- Average Acquisition Cost: The company's total average acquisition price for Ethereum is approximately $3,045, suggesting potential unrealized losses at current market prices, which could impact future financial performance.
- Staking Overview: As of January 31, 2026, Bit Digital has staked about 138,266 Ethereum, representing approximately 89% of its total holdings, reflecting a proactive strategy in leveraging Ethereum staking for yield generation.
- Yield Performance: During the staking operations, Bit Digital generated approximately 344.0 Ethereum in rewards, with an annualized yield of ~2.9%, demonstrating the company's efforts to seek stable returns in the cryptocurrency market.
See More
Bit Digital Releases January 2026 Ethereum Financial Metrics
- Ethereum Holdings: As of January 2026, Bit Digital holds approximately 15,236.4 ETH and ETH-equivalents in an externally managed fund, indicating the company's active participation in the Ethereum ecosystem aimed at generating protocol-native yield through staking.
- Strategic Asset Company Positioning: Bit Digital, as a Strategic Asset Company, focuses on active involvement in Ethereum infrastructure while controlling equity exposure to AI/HPC infrastructure through its majority stake in WhiteFiber, enhancing its competitive edge in the market.
- Capital Allocation Strategy: The company emphasizes long-duration foundational infrastructure investments and disciplined balance sheet management, a strategy that not only stabilizes its financial condition but also maintains a competitive advantage in a volatile market environment.
- Investment Risk Advisory: Bit Digital cautions investors about the high risks associated with investing in its securities, urging careful consideration of risk factors and uncertainties, especially in the current market climate where historical financial performance may not reliably predict future results.
See More
Bit Digital Reaffirms Long-Term Investment in WhiteFiber
- Investment Strategy Reaffirmed: Bit Digital has reaffirmed that it will not sell its approximately 27 million shares of WhiteFiber in 2026, indicating that its investment is viewed as a core strategic holding, which enhances market confidence in its long-term growth.
- Lockup Period Expiration: With the expiration of the IPO lockup period on February 2, 2026, Bit Digital will continue to hold its shares, demonstrating the company's commitment to AI infrastructure and strong alignment with other shareholders.
- Risk Management Activities: Bit Digital may engage in limited treasury risk management activities, including derivative transactions, but these are intended to maintain its long-term ownership in WhiteFiber rather than monetize its investment.
- CEO Commentary: CEO Sam Tabar emphasized that WhiteFiber is central to the company's long-term strategy, reflecting Bit Digital's strong positioning within the Ethereum ecosystem aimed at providing secure and scalable on-chain yield.
See More
Bit Digital Reaffirms Long-Term Investment in WhiteFiber
- Core Strategic Holding: Bit Digital has confirmed that it will not sell its approximately 27 million shares of WhiteFiber in 2026, indicating that its investment is a core strategic component aimed at enhancing the company's long-term growth potential in AI infrastructure.
- Lockup Expiration: With the IPO lockup period expiring on February 2, 2026, Bit Digital will maintain its ownership of WhiteFiber shares, demonstrating confidence in the company and strong alignment with other shareholders.
- Risk Management Activities: While Bit Digital may engage in limited treasury risk management activities, these are intended to preserve its long-term ownership in WhiteFiber rather than monetizing the investment, ensuring stability in the digital asset space.
- CEO Confidence Statement: CEO Sam Tabar emphasized that WhiteFiber is central to the company's long-term strategy, reflecting strong alignment with other shareholders and further solidifying the company's position in the AI infrastructure market.
See More
BitGo (BTGO) Goes Public, Raises $212.8M with $2.59B Valuation
- Successful IPO: BitGo listed on the New York Stock Exchange, pricing its IPO at $18 per share, exceeding the expected range of $15-$17, successfully raising $212.8M, marking the first stock market debut by a digital asset company in 2026.
- Strong Stock Performance: On its first trading day, BitGo's stock opened at $22.43 per share, reflecting strong market demand for its crypto custody services and enhancing the company's influence in the digital asset space.
- NYSE Tokenized Securities Platform: The New York Stock Exchange announced the development of a tokenized securities trading platform aimed at enabling 24/7 trading and instant settlement, intending to modernize market infrastructure by integrating blockchain technology with traditional securities trading.
- Strategic Bitcoin Acquisition: Strategy reported acquiring 22,305 bitcoins for approximately $2.125B between January 12 and January 19, demonstrating its proactive positioning in the cryptocurrency market, now holding 709,715 bitcoins with a total investment of about $53.92B.
See More
Bit Digital Reports December Ethereum Holdings Valued at $460.5 Million
- Ethereum Holdings: As of December 31, 2025, Bit Digital held approximately 155,227.3 ETH, valued at about $460.5 million, showcasing the company's robust position in the digital asset space.
- Acquisition and Cost: In December 2025, the company acquired approximately 366.8 ETH at an average acquisition price of $3,045, reflecting its strategic investment approach amid market fluctuations.
- Staking Rewards: The company staked an additional 642 ETH in December, bringing total staked ETH to approximately 138,263, or about 89% of total holdings, generating approximately 389.6 ETH in rewards during the period, which translates to an annualized yield of about 3.5%.
- WhiteFiber Shares: As of December 31, 2025, Bit Digital also owned approximately 27 million shares of WhiteFiber (WYFI), valued at around $427.3 million, further enhancing the company's asset portfolio.
See More
Bit Digital Holds 155,239.4 Ethereum with Market Value of ~$380.2 Million
- Ethereum Holdings: As of January 31, 2026, Bit Digital holds approximately 155,239.4 Ethereum, with a market value of around $380.2 million based on a closing price of ~$2,449, indicating significant investment in crypto assets.
- Average Acquisition Cost: The company's total average acquisition price for Ethereum is approximately $3,045, suggesting potential unrealized losses at current market prices, which could impact future financial performance.
- Staking Overview: As of January 31, 2026, Bit Digital has staked about 138,266 Ethereum, representing approximately 89% of its total holdings, reflecting a proactive strategy in leveraging Ethereum staking for yield generation.
- Yield Performance: During the staking operations, Bit Digital generated approximately 344.0 Ethereum in rewards, with an annualized yield of ~2.9%, demonstrating the company's efforts to seek stable returns in the cryptocurrency market.
See More
Bit Digital Releases January 2026 Ethereum Financial Metrics
- Ethereum Holdings: As of January 2026, Bit Digital holds approximately 15,236.4 ETH and ETH-equivalents in an externally managed fund, indicating the company's active participation in the Ethereum ecosystem aimed at generating protocol-native yield through staking.
- Strategic Asset Company Positioning: Bit Digital, as a Strategic Asset Company, focuses on active involvement in Ethereum infrastructure while controlling equity exposure to AI/HPC infrastructure through its majority stake in WhiteFiber, enhancing its competitive edge in the market.
- Capital Allocation Strategy: The company emphasizes long-duration foundational infrastructure investments and disciplined balance sheet management, a strategy that not only stabilizes its financial condition but also maintains a competitive advantage in a volatile market environment.
- Investment Risk Advisory: Bit Digital cautions investors about the high risks associated with investing in its securities, urging careful consideration of risk factors and uncertainties, especially in the current market climate where historical financial performance may not reliably predict future results.
See More
Bit Digital Reaffirms Long-Term Investment in WhiteFiber
- Investment Strategy Reaffirmed: Bit Digital has reaffirmed that it will not sell its approximately 27 million shares of WhiteFiber in 2026, indicating that its investment is viewed as a core strategic holding, which enhances market confidence in its long-term growth.
- Lockup Period Expiration: With the expiration of the IPO lockup period on February 2, 2026, Bit Digital will continue to hold its shares, demonstrating the company's commitment to AI infrastructure and strong alignment with other shareholders.
- Risk Management Activities: Bit Digital may engage in limited treasury risk management activities, including derivative transactions, but these are intended to maintain its long-term ownership in WhiteFiber rather than monetize its investment.
- CEO Commentary: CEO Sam Tabar emphasized that WhiteFiber is central to the company's long-term strategy, reflecting Bit Digital's strong positioning within the Ethereum ecosystem aimed at providing secure and scalable on-chain yield.
See More
Bit Digital Reaffirms Long-Term Investment in WhiteFiber
- Core Strategic Holding: Bit Digital has confirmed that it will not sell its approximately 27 million shares of WhiteFiber in 2026, indicating that its investment is a core strategic component aimed at enhancing the company's long-term growth potential in AI infrastructure.
- Lockup Expiration: With the IPO lockup period expiring on February 2, 2026, Bit Digital will maintain its ownership of WhiteFiber shares, demonstrating confidence in the company and strong alignment with other shareholders.
- Risk Management Activities: While Bit Digital may engage in limited treasury risk management activities, these are intended to preserve its long-term ownership in WhiteFiber rather than monetizing the investment, ensuring stability in the digital asset space.
- CEO Confidence Statement: CEO Sam Tabar emphasized that WhiteFiber is central to the company's long-term strategy, reflecting strong alignment with other shareholders and further solidifying the company's position in the AI infrastructure market.
See More
BitGo (BTGO) Goes Public, Raises $212.8M with $2.59B Valuation
- Successful IPO: BitGo listed on the New York Stock Exchange, pricing its IPO at $18 per share, exceeding the expected range of $15-$17, successfully raising $212.8M, marking the first stock market debut by a digital asset company in 2026.
- Strong Stock Performance: On its first trading day, BitGo's stock opened at $22.43 per share, reflecting strong market demand for its crypto custody services and enhancing the company's influence in the digital asset space.
- NYSE Tokenized Securities Platform: The New York Stock Exchange announced the development of a tokenized securities trading platform aimed at enabling 24/7 trading and instant settlement, intending to modernize market infrastructure by integrating blockchain technology with traditional securities trading.
- Strategic Bitcoin Acquisition: Strategy reported acquiring 22,305 bitcoins for approximately $2.125B between January 12 and January 19, demonstrating its proactive positioning in the cryptocurrency market, now holding 709,715 bitcoins with a total investment of about $53.92B.
See More
Bit Digital Reports December Ethereum Holdings Valued at $460.5 Million
- Ethereum Holdings: As of December 31, 2025, Bit Digital held approximately 155,227.3 ETH, valued at about $460.5 million, showcasing the company's robust position in the digital asset space.
- Acquisition and Cost: In December 2025, the company acquired approximately 366.8 ETH at an average acquisition price of $3,045, reflecting its strategic investment approach amid market fluctuations.
- Staking Rewards: The company staked an additional 642 ETH in December, bringing total staked ETH to approximately 138,263, or about 89% of total holdings, generating approximately 389.6 ETH in rewards during the period, which translates to an annualized yield of about 3.5%.
- WhiteFiber Shares: As of December 31, 2025, Bit Digital also owned approximately 27 million shares of WhiteFiber (WYFI), valued at around $427.3 million, further enhancing the company's asset portfolio.
See More
