Welcome to our dedicated page for Bit Digital news (Ticker: BTBT), a resource for investors and traders seeking the latest updates and insights on Bit Digital stock.
Bit Digital, Inc. reports company developments around its role as a Strategic Asset Company focused on Ethereum infrastructure and AI/HPC infrastructure exposure. Recurring updates cover ETH treasury balances, staking activity, protocol-native rewards, and the company’s participation in the Ethereum network.
News also includes financial results, conference-call announcements, shareholder communications, governance and investor-relations changes, and updates tied to Bit Digital’s majority ownership stake in WhiteFiber, a separately managed public company focused on AI and high-performance computing infrastructure.
Bit Digital (NASDAQ:BTBT) has announced that its wholly-owned HPC subsidiary, WhiteFiber Inc., has confidentially submitted a draft registration statement on Form S-1 to the SEC for a proposed initial public offering (IPO) of its ordinary shares.
The specific details regarding the number of shares to be offered and the price range have not been determined yet. The IPO's completion depends on market conditions and SEC review process. This announcement is made in accordance with Rule 135 under the Securities Act of 1933.
Bit Digital (NASDAQ:BTBT) has announced the commencement of an underwritten public offering of its ordinary shares. The company plans to use the net proceeds to purchase Ethereum.
The offering is being conducted through a shelf registration statement on Form S-3, with B. Riley Securities serving as the sole bookrunning manager, while Clear Street, Craig-Hallum, and Northland Capital Markets act as co-managers. The registration statement was declared effective on June 20, 2025.
WhiteFiber Inc., a wholly-owned HPC subsidiary of Bit Digital (NASDAQ: BTBT), has secured a landmark C$60 million credit facility from the Royal Bank of Canada for its data centers business. The financing agreement includes a real estate term loan, equipment financing, and a revolving facility, carrying interest rates of CORRA plus 250 bps with a 3-year term.
The non-recourse credit agreement involves ENOVUM Data Centers Corp. and its Montreal II project as borrowers and guarantors. The proceeds will support the expansion of WhiteFiber's Tier-3 AI data center portfolio. CEO Sam Tabar highlighted this as a breakthrough achievement, noting it as the first financing of its kind in the HPC Cloud and data centers sector.
Bit Digital (NASDAQ: BTBT), a New York-based global platform for high-performance computing infrastructure and digital asset production, has scheduled its First Quarter 2025 earnings release for Thursday, May 15, 2025, after market close. The company will host a live webcast and conference call to discuss the results on Friday, May 16, 2025, at 10:00 a.m. ET.
Interested participants can join the conference call by dialing 1-877-612-6725 (passcode: 151360) or register through the provided link. The earnings press release will be available on the company's website at www.bit-digital.com.
Bit Digital (NASDAQ: BTBT) has secured a new data center site in Saint-Jérôme, Québec (MTL-3) to support its 5MW colocation agreement with Cerebras Systems. The facility spans 202,000 square feet on 7.7 acres and will be developed under a lease-to-own structure with a 20-year term and two 5-year extension options.
The development, managed through Bit Digital's WhiteFiber platform, involves retrofitting to Tier 3 standards with expected costs of CAD $55 million (approximately $40MM USD). The facility has a targeted go-live date of July 2025.
Under the previously announced February 2025 agreement, Cerebras has contracted for 5MW (IT load) of built-to-suit infrastructure for five years, with a right of first refusal for additional megawatt capacity at the site.
Bit Digital (NASDAQ: BTBT) has announced a strategic partnership between its subsidiary WhiteFiber and Shadeform, set to launch in April 2025. The collaboration will provide on-demand access to NVIDIA B200 GPUs through WhiteFiber's AI/ML optimized GPU cloud infrastructure and Shadeform's multi-cloud marketplace.
The partnership will serve organizations and developers across 100+ regions, eliminating barriers like high up-front costs and long-term commitments. WhiteFiber's platform architecture is designed to maximize GPU utilization and efficiency, while Shadeform's marketplace will facilitate immediate access to these high-performance computing resources.
Bit Digital (NASDAQ: BTBT) reported strong financial results for fiscal year 2024, with total revenue reaching $108.1 million, up 141% year-over-year. The growth was primarily driven by their new high-performance computing (HPC) services business.
Key financial highlights include:
- Bitcoin mining revenue: $58.6M (32% increase)
- Cloud services revenue: $45.7M
- Colocation services revenue: $1.4M
- ETH staking revenue: $1.8M (169% increase)
The company maintained strong liquidity with $260.7 million in total assets and achieved Adjusted EBITDA of $73.0 million. Notable operational developments include the acquisition of Enovum Data Centers for CAD $62.8M and significant cloud services agreements with Boosteroid and DNA Fund. The company's bitcoin mining operations produced 949.9 bitcoins, though this represented a 37% decrease due to the halving event and increased network difficulty.
Cerebras Systems has announced the launch of six new AI inference datacenters powered by Cerebras Wafer-Scale Engines across North America and Europe. The facilities will be equipped with thousands of CS-3 systems, capable of serving over 40 million Llama 70B tokens per second, making Cerebras the world's leading provider of high-speed inference.
The expansion includes datacenters in Santa Clara, Stockton, Dallas, Minneapolis, Oklahoma City, and Montreal, with 85% of total capacity located in the United States. The Oklahoma City facility, operated by Scale Datacenter, will house over 300 CS-3 systems and come online in June 2025. The Montreal facility, operated by Enovum (a division of Bit Digital Inc. (NASDAQ: BTBT)), will be operational in July 2025.
Notable clients already using Cerebras' inference capabilities include Mistral, Perplexity, HuggingFace, and AlphaSense. The company claims to offer inference speeds 10x faster than the latest GPUs, particularly beneficial for reasoning models like DeepSeek R1 and OpenAI o3.