Bit Digital, Inc. Announces Appointment of Daniel Kennedy as Head of Investor Relations

Rhea-AI Summary

Bit Digital (NASDAQ: BTBT) appointed Daniel Kennedy as Head of Investor Relations, succeeding Cameron Schnier, effective May 11, 2026. Schnier will become a strategic advisor while continuing to lead investor relations for WhiteFiber (NASDAQ: WYFI).

Kennedy’s capital markets and digital asset experience is expected to support shareholder communications as Bit Digital scales its Ethereum and AI/HPC infrastructure strategies.

News Market Reaction – WYFI

+26.96% 3.6x vol

46 alerts

+26.96% Session close to close

+14.8% Peak Tracked

-7.2% Trough Tracked

$1.11B Market Cap

3.6x Rel. Volume

In the May 11 session, WYFI gained 26.96%, reflecting a significant positive market reaction. Argus tracked a peak move of +14.8% during that session. Argus tracked a trough of -7.2% from its starting point during tracking. Our momentum scanner triggered 46 alerts that day, indicating elevated trading interest and price volatility. Trading volume was very high at 3.6x the daily average, suggesting strong buying interest.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock surged +27.0% in the session following this news. A strong positive reaction aligns with p...

Analysis

The stock surged +27.0% in the session following this news. A strong positive reaction aligns with prior crypto/management updates, where leadership changes at Bit Digital around its Ethereum and AI focus coincided with a +9.38% move. For WhiteFiber, investors may weigh how Bit Digital’s majority stake and shared leadership narrative affect perceived strategic execution. Concentration in a single partner or theme and past reliance on capital markets could introduce volatility if expectations reset.

Previous Crypto,management Reports

1 past event · Latest: Dec 22 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	24h Move	Catalyst
Dec 22	Board appointment	Positive	+9.4%	Appointment of Amanda Cassatt to Bit Digital board with Ethereum focus.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Prior crypto/management appointment news for Bit Digital was followed by a positive price reaction.

Recent Company History

Recent tag-specific history for Bit Digital highlights governance and leadership moves tied to its Ethereum and AI strategy. On Dec 22, 2025, the company appointed Amanda Cassatt to its Board of Directors, with shares reacting by +9.38% over the next 24 hours. That announcement emphasized experience in Ethereum infrastructure and AI-focused growth, similar to the strategic themes referenced in the current investor relations leadership appointment.

Key Terms

digital asset, blockchain infrastructure, ai/hpc infrastructure, capital markets, +2 more

6 terms

digital asset financial

"publicly listed digital asset, fintech, and AI infrastructure companies."

A digital asset is a representation of value or rights that exists only in electronic form—like digital versions of cash, stocks, or collectibles kept in a virtual wallet. They are transferred and recorded using computer systems that make copying or tampering difficult, and can include currencies, tokenized shares, or unique digital items. Investors care because digital assets can offer new ways to diversify, trade and raise capital, but they also bring different risks around price swings, custody and regulation.

blockchain infrastructure technical

"knowledge of digital assets, blockchain infrastructure, and AI/HPC markets,"

Blockchain infrastructure is the underlying technology — the networks, software, and data storage — that records and moves digital ownership and transactions in a secure, tamper-resistant way. Like roads and pipes for a city, it determines how fast, cheap and safe digital activity runs; investors watch it because its performance, costs, security and regulatory posture directly affect a project’s usefulness, adoption potential and long‑term value.

ai/hpc infrastructure technical

"focused on Ethereum strategies and AI/HPC infrastructure, today announced"

A combined set of specialized computers, networks, storage and software designed to build, train and run large artificial intelligence models and other demanding simulations. Think of it as the engines, workshop and roads that let advanced algorithms run quickly and handle huge amounts of data; stronger infrastructure lets firms develop better products faster, scale services and control costs. Investors watch it because it drives a company’s ability to compete, requires sizable capital and affects future revenue and margins.

capital markets financial

"Kennedy brings experience across capital markets and investor relations,"

Capital markets are places where people and organizations buy and sell long-term investments like stocks and bonds. They help connect those who need money to grow or fund projects with investors looking to earn returns over time. For investors, capital markets are important because they offer opportunities to invest, save, and grow their wealth through a variety of financial assets.

investor relations financial

"appointment of Daniel Kennedy as Head of Investor Relations."

Investor relations is the communication process between a company and its current or potential investors. It involves sharing information about the company's performance, strategies, and outlook to help investors make informed decisions. Effective investor relations build trust and transparency, similar to a clear conversation between a business and someone considering investing, ensuring both parties understand each other's interests and expectations.

ethereum financial

"focused on Ethereum strategies and AI/HPC infrastructure, today announced"

Ethereum is a digital money system and computing platform built on a shared online ledger called a blockchain; its native token, ether (ETH), is used to pay for transactions and run automated contracts. Investors care because ether acts like a tradeable asset whose price can move sharply, and the platform’s usage, upgrades, and rules affect supply, demand and potential returns—think of it as both a new kind of commodity and the fuel for a global app store.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, May 11, 2026 /PRNewswire/ -- Bit Digital, Inc. (NASDAQ: BTBT) ("Bit Digital" or the "Company"), a publicly listed Strategic Asset Company focused on Ethereum strategies and AI/HPC infrastructure, today announced the appointment of Daniel Kennedy as Head of Investor Relations.

Daniel Kennedy is a former board member, advisor, and director of publicly listed digital asset, fintech, and AI infrastructure companies. He succeeds Cameron Schnier, who has served as Bit Digital's Head of Investor Relations since 2022 and will transition to a strategic advisor role at Bit Digital while continuing to lead investor relations for WhiteFiber (NASDAQ: WYFI).

Kennedy brings experience across capital markets and investor relations, combining institutional market expertise with knowledge of digital assets, blockchain infrastructure, and AI/HPC markets, alongside a track record of translating complex industry developments into clear market communications.

Kennedy's experience aligns with Bit Digital's strategic focus and is expected to support the Company's ongoing shareholder engagement and communications efforts as it expands its digital asset and AI infrastructure initiatives.

"No company in the digital asset and AI infrastructure space has been more consistently ahead of the curve than Bit Digital. It's an honor to join a team of visionaries dedicated to building the Ethereum strategy, rails, and AI infrastructure upon which the future of finance will rely," Kennedy said.

"Daniel's capital markets experience and understanding of digital infrastructure come at an important time for Bit Digital," said Sam Tabar. "As we continue scaling our Ethereum strategies and AI-focused initiatives, his experience will support our efforts to communicate the Company's strategy, value, and long-term objectives to investors."

Kennedy's appointment comes as Bit Digital continues to expand its leadership team and execute on its Ethereum and AI-focused initiatives as one of the few publicly traded Strategic Asset Companies with exposure to both Ethereum infrastructure and AI/HPC assets.

About Bit Digital
Bit Digital (NASDAQ: BTBT) is a Strategic Asset Company (SAC) focused on active participation in Ethereum infrastructure and controlling equity exposure to AI/HPC infrastructure through its majority ownership stake in WhiteFiber (NASDAQ: WYFI). The Company purchases and stakes ETH to generate protocol-native yield and participates directly in the Ethereum network. Bit Digital allocates capital with a focus on long-duration, foundational infrastructure and disciplined balance sheet management. For additional information, please contact ir@bit-digital.com or follow us on LinkedIn or X.

View original content to download multimedia:https://www.prnewswire.com/news-releases/bit-digital-inc-announces-appointment-of-daniel-kennedy-as-head-of-investor-relations-302768137.html

SOURCE Bit Digital, Inc.

FAQ

What did Bit Digital (NASDAQ: BTBT) announce on May 11, 2026 about investor relations leadership?

Bit Digital announced the appointment of Daniel Kennedy as Head of Investor Relations. According to Bit Digital, Kennedy succeeds Cameron Schnier, who transitions to a strategic advisor role while continuing to lead investor relations for WhiteFiber (NASDAQ: WYFI).

Who is Daniel Kennedy, the new Head of Investor Relations at Bit Digital (BTBT)?

Daniel Kennedy is a former board member, advisor, and director at public digital asset, fintech, and AI infrastructure companies. According to Bit Digital, he brings capital markets and investor relations experience, plus expertise in digital assets, blockchain infrastructure, and AI/HPC markets.

How does Daniel Kennedy’s experience align with Bit Digital’s (BTBT) Ethereum and AI/HPC strategy?

Kennedy’s background in digital assets and AI infrastructure aligns with Bit Digital’s focus on Ethereum strategies and AI/HPC assets. According to Bit Digital, his experience should support shareholder engagement and communication as the company expands these strategic initiatives.

What role will former Head of Investor Relations Cameron Schnier have at Bit Digital (BTBT)?

Cameron Schnier will move into a strategic advisor role at Bit Digital. According to Bit Digital, he will continue leading investor relations for WhiteFiber (NASDAQ: WYFI) while supporting the company during its ongoing focus on Ethereum and AI-focused initiatives.

Why is Bit Digital (BTBT) strengthening its investor relations function with Daniel Kennedy’s appointment?

Bit Digital is enhancing investor relations as it scales Ethereum strategies and AI-focused initiatives. According to Bit Digital, Kennedy’s capital markets experience is expected to help communicate the company’s strategy, value, and long-term objectives to current and potential shareholders.

How does Bit Digital describe its business focus around Ethereum strategies and AI/HPC assets?

Bit Digital describes itself as a Strategic Asset Company focused on Ethereum strategies and AI/HPC infrastructure. According to Bit Digital, it is among the few public companies with exposure to both Ethereum infrastructure and AI/HPC assets in its business model.