Key Points – Bit Digital is shifting away from Bitcoin mining and toward Ethereum treasury/staking, AI infrastructure through WhiteFiber, and other recurring cash-flow businesses.
Management said mining is now a lower priority and capital will continue moving to these newer areas. – First-quarter revenue fell 13.7% sequentially to $27.9 million, driven by declines in cloud services, Ethereum staking, and mining revenue
The company also reported a net loss of $146.7 million, though that was narrower than the prior quarter. – Ethereum remains central to the company’s strategy, with about 155,444 ETH held at quarter-end and roughly 60,677 ETH natively staked as of April 30. Management also said WhiteFiber is a long-term holding and expects AI compute demand to stay strong. – Crypto’s Crash May Be Over—These 3 Picks Could Rebound Fast Bit Digital (NASDAQ:BTBT) reported a sequential decline in first-quarter revenue as management said the company continued shifting its business away from legacy Bitcoin mining and toward Ethereum treasury and staking, AI infrastructure and recurring cash-flow opportunities. On the company’s first-quarter 2026 earnings call, Chief Executive Officer Samir Tabar said Bit Digital’s current strategy is centered on three areas: Ethereum treasury and staking, AI infrastructure through its WhiteFiber holding, and “building durable cash flow through disciplined capital allocation.” – 3 Ways to Test the Crypto Market Without Owning Bitcoin “We believe these businesses complement each other,” Tabar said. “Ethereum provides long-term treasury exposure and staking yields.
WhiteFiber provides exposure to AI infrastructure and compute demand.” Revenue Declines From Fourth Quarter Chief Financial Officer Erke Huang said total revenue for the first quarter was $27.9 million, down 13.7% from $32.3 million in the fourth quarter of 2025. The company’s revenue mix continued to move away from mining and toward cloud services, colocation, staking and…