Bit Digital (BTBT)
Pairs an Ethereum treasury with majority ownership of WhiteFiber's AI/HPC platform.
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Combines an Ethereum treasury and staking strategy with majority ownership of WhiteFiber, a separately listed AI/HPC platform. The parent company is winding down Bitcoin mining while continuing to consolidate WhiteFiber's cloud and data-center activities.
Combines Ethereum accumulation and staking with majority ownership of WhiteFiber, a separately listed AI/HPC platform. WhiteFiber develops cloud and data-center capabilities, including the Enovum Data Centers business acquired before its IPO. Its IPO made WhiteFiber separately traded while the parent retained majority ownership.
Bitcoin mining formed the earlier operating base but is being wound down; remaining work principally supports an orderly runoff of hosting agreements. The legacy PRC lending and China mining operations were exited years ago.
At the parent level, the current structure pairs an ETH-focused treasury and staking strategy with consolidated exposure to WhiteFiber. The company plans to maintain its long-term WhiteFiber ownership position.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 14, 2026 | Craig-Hallum | Reiterate | Rating: —Target: — | Target: $3.50 |
| Nov 17, 2025 | Northland Securities | Target | Target: — | Target: $5 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $84.0M · Total debt $430.3M · Total assets $1.24B · Shareholders' equity $395.2M
- Revenue
- $32.1M
- Operating income
- −$15.0M
- Net income
- −$107.2M
No dividends on record.
| Institutions | 52.48% | 189.27M shares | |
|---|---|---|---|
| 235 holders · as of Jun 30, 2026 | |||
| Insiders | 17.89% | 64.51M shares | |
| 5 holders · as of Sep 2, 2026 | |||
| Other | 29.63% | 106.85M shares | |
| remainder | |||
360.63M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Erke Huang1,2Insiderdirector, officer: Chief Financial Officer | 17.52% | 62.67M | filed Sep 2, 2026 |
BlackRock, Inc.Institution | 8.66% | 31.24M | as of Jun 30, 2026 |
State Street CorpInstitution | 3.73% | 13.45M | as of Jun 30, 2026 |
Geode Capital Management, LLCInstitution | 2.91% | 10.51M | as of Jun 30, 2026 |
Millennium Management LLCInstitution | 2.54% | 9.16M | as of Jun 30, 2026 |
- Erke Huang's transaction reports restate only vehicles that traded; the 2026 ownership statement (62.67M) plus the 535.0K net shares acquired since is used instead.
- Erke Huang reports a block also reported by Susquehanna International Group, LLP; it is counted once, under Susquehanna International Group, LLP.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Nov 21, 2025 | Erke Huang | director, officer: Chief Financial Officer | −410,636 | $2.01 |
| Nov 20, 2025 | Erke Huang | director, officer: Chief Financial Officer | −1,089,364 | $2.18 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Bit Digital | $1.84 | +1.10% | $635.5M | — | — | 5.2 | +25.1% |
| CoreWeave | $87.46 | +2.38% | $46.61B | — | — | 6.1 | +112.3% |
| Nebius | $243.10 | +4.42% | $55.87B | — | — | 41.2 | +454.0% |
| BitMine Immersion Technologies | $28.12 | −0.48% | $16.09B | — | 38.8 | 262.9 | +2,964.4% |
| Applied Digital | $28.87 | +2.41% | $8.12B | — | — | 14.1 | +580.7% |
| Sharplink | $10.13 | +1.45% | $1.97B | — | 90.7 | 39.2 | +1,553.3% |
| Median | — | 64.7 | 39.2 | +580.7% |