Business
Bit Digital Releases Annual Shareholder Letter
NEW YORK, Jan. 29, 2026 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company") today released its annual shareholder letter to
About this update from Bit Digital, Inc.
[{"type":"text","content":"NEW YORK, Jan. 29, 2026 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (\"Bit Digital\" or the \"Company\") today released its annual shareholder letter to investors. The full letter is available on the Company's investor relations page.\n \n \n \n \n \n \n \nTo Our Shareholders,2025 marked a defining year for Bit Digital. Over the past year, we deliberately reshaped the company around a clear view of how capital markets are evolving. We're in the process of exiting businesses that no longer align with durable value creation. We've concentrated our capital and operations ahead of the curve, building exposure to the two layers along which capital markets are digitizing: programmable financial rails through Ethereum and automation through Al infrastructure.Today, Bit Digital operations are that of a strategic asset company (SAC), focused on two systems that underpin this shift: economic infrastructure through Ethereum, and intelligence infrastructure through Al compute. As a strategic asset company, we deploy and operate assets rather than simply holding them on a balance sheet.A Structural Shift in Our BusinessAs we exit bitcoin mining, we've reallocated capital toward infrastructure with greater flexibility, durability, and long-term relevance. Mining was effective in an earlier business strategy, but over time it became a less efficient use of capital relative to opportunities that allow for active participation, yield generation, and operational leverage. Our decision to exit mining reflected this assessment and marked our transition from an extraction-based model to one centered on strategic asset deployment and infrastructure, without changing our conviction in digital assets.At the same time, we consolidated our digital asset exposure into Ethereum and prioritized our exposure of Al infrastructure through our majority stake in WhiteFiber. These decisions repositioned Bit Digital around infrastructure we can operate, monetize, and compound over time.Ethereum as Economic InfrastructureEthereum first entered our strategy in 2022 and became a central focus in 2025. At a time when most public companies in crypto were still fixated on bitcoin alone, Bit Digital was one of the first to recognize ETH as a core strategic asset. We didn't view Ethereum as just another token to hold, but as programmable financial infrastructure with...