Bit Digital
Pairs an Ethereum treasury with majority ownership of WhiteFiber's AI/HPC platform.
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Profile
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
Categories
Key statistics
Year to date −30.1% · Average volume (30d) 28.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| Jul 14, 2026 | Craig-Hallum | Reiterate | Buy | $3.50 |
| Nov 17, 2025 | Northland Securities | Target | $5 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q2 FY26 | −$0.05 | −$0.31 | −588.9% | $23.6M | $32.1M | +36.1% | +2.05% |
| May 14, 2026Q1 FY26 | −$0.04 | −$0.45 | −1,025.0% | $25.7M | $27.9M | +8.5% | −15.02% |
| Mar 31, 2026Q4 FY25 | −$0.04 | −$0.53 | −1,225.0% | $31.9M | $32.3M | +1.5% | +5.34% |
| Nov 14, 2025Q3 FY25 | −$0.01 | −$0.05 | −400.0% | $31.7M | $30.0M | −5.4% | −4.56% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $25.1M | $25.7M | $30.5M | $32.3M | $27.9M | $32.1M | |
| Gross profit | $5.1M | $4.3M | $8.7M | $6.3M | $5.8M | $18.6M | |
| Operating income | −$3.2M | −$15.4M | −$24.4M | −$13.6M | −$21.8M | −$15.0M | |
| Net income | −$57.7M | $14.9M | $150.9M | −$188.4M | −$146.7M | −$107.2M | |
| Diluted EPS | −$0.32 | $0.07 | $0.47 | −$0.58 | −$0.45 | −$0.31 | |
| Gross margin | 20.2% | 16.6% | 28.5% | 19.5% | 20.7% | 57.9% | |
| Operating margin | -12.6% | -60.1% | -80.1% | -42.1% | -78.2% | -46.7% |
Fiscal years (4-quarter sums)FY21 $96.1M · FY22 $34.5M · FY23 $44.9M · FY24 $163.9M · FY25 $113.6M
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $84.0M · Total debt $430.3M · Total assets $1.24B · Shareholders' equity $395.2M
Dividends
No dividends on record.
Ownership
Shares outstanding 349.19M · Float 341.38M · 97.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Erke Huang | 62.67M | 15.20% | 13D | Aug 24, 2026 |
| BlackRock, Inc. | 31.24M | 8.95% | 13F | Aug 7, 2026 |
| State Street Corp | 13.45M | 3.85% | 13F | Aug 7, 2026 |
| Geode Capital Management, LLC | 10.51M | 3.01% | 13F | Aug 12, 2026 |
| Millennium Management LLC | 9.16M | 2.62% | 13F | Aug 14, 2026 |
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 |
Peers
- CoreWeave
AI-native GPU cloud and data centers for training and inference
- Nebius
Full-stack AI cloud for model training and production deployment
- BitMine Immersion Technologies
Largest listed ETH treasury with native validator staking
- Applied Digital
HPC/AI data centers and colocation for hyperscale workloads
- Sharplink
Corporate ETH treasury with near-full staking and restaking
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Bit Digital | $1.44 | +1.05% | $499.3M | — | — | 4.1 | +25.1% |
| CoreWeave | $84.03 | −0.27% | $45.95B | — | — | 6.1 | +112.3% |
| Nebius | $208.64 | −0.26% | $50.20B | — | — | 37.0 | +454.0% |
| BitMine Immersion Technologies | $23.70 | −0.27% | $13.56B | — | 58.0 | 221.5 | +2,166.2% |
| Applied Digital | $25.52 | +0.61% | $7.29B | — | — | 12.7 | +580.7% |
| Sharplink | $8.19 | −0.18% | $1.62B | — | 196.9 | 32.2 | +1,553.3% |
| Median | — | 127.4 | 32.2 | +580.7% |







