Slide 1: A Strategic Asset Company for productive digital infrastructure
1 www.bit - digital.com | @BitDigital_BTBT A Strategic Asset Company for productive digital infrastructure Investor Presentation | September 2026
Slide 2: Risk factors and about this presentation
2 Investing in our securities involves risks worth considering before making an investment decision. All current and potential investors are advised to regularly review the risks, uncertainties and forward - looking statements described under “Risk Factors” in Item 1A of our Annual Report on Form 10
Slide 3: Strategic Asset Company Snapshot
3 Strategic Asset Company Snapshot All data as of July 31, 2026 Note: The preliminary estimated financial results represents only preliminary consolidated financial results and is based on information available to management as of the date of this presentation. Consolidated results includes, among o
Slide 4: Bit Digital Growth Journey
4 Bit Digital Growth Journey 2020 - 2021 | Foundations ● Bitcoin Mining & commodity compute ● Began converting BTC to ETH ● Formed initial ETH treasury 2022 - 2023 | Ethereum Focus ● Scaled ETH treasury & staking ● Shift to productive economic infrastructure 2024 | AI Expansion ● Launched cloud serv
Slide 5: What differentiates a Strategic Asset Company?
5 What differentiates a Strategic Asset Company? ETF DAT Strategy & Operations SAC X X Deploys capital into productive economic & AI infrastructure X X Integrates infrastructure assets into real - world operating models X X Strategic acquisitions - ETH operating businesses Passive balance - sheet ex
Slide 6: Our Strategic Assets
6 Our Strategic Assets Economic Infrastructure Operates Ethereum infrastructure through staking and network participation Treats ETH as productive economic infrastructure, not passive inventory We focus on owning productive infrastructure that generates yield, usage, participation, and building oper
Slide 7: ETH as Economic Infrastructure
7 ETH as Economic Infrastructure 1. Bit Digital monthly production updates. 2. ThirdWeb – “ Ethereum Crosses 1 Million Developers: What the Milestone Means for Builders ” (June 16, 2026). 3. CoinMarketCap , as of July 31, 2026. 4. KuCoin – “ Data: Ethereum - Based Stablecoins Generate $5 Billion in
Slide 8: Ethereum Infrastructure & Partners
8 Ethereum Infrastructure & Partners Existing Native Staking Relationships ✓ Institutional - grade validator infrastructure already operational ✓ Exclusively stake Bit Digital owned ETH Custodial Partnerships ✓ Enterprise custody integrations with tier - 1 providers ✓ Multiple layers of security wit
Slide 9: The Ethereum Flywheel
9 The Ethereum Flywheel Fund Productive Operating Assets WhiteFiber compute 1. Bit Digital currently trades at a ~41% discount to NAV as of 7/31/26. Market Net Asset Value (mNAV ) represents the market value of digital asset holdings and other assets, less liabilities, as of the date indicated. mNAV
Slide 10: WYFI ETH-Backed Loan Facility: Structure & Value Creation
10 Loan proceeds from Galaxy WYFI ETH - Backed Loan Facility: Structure & Value Creation Galaxy finances ETH - Backed Credit Facility to Bit digital ~ 5.45% Standard Lending/Margin Terms BTBT extends a 9.5% DELAYED - DRAW TERM LOAN - Up to $100M committed - Option to expand to $150M - To finance WYF
Slide 11: AI Infrastructure: Overview
11 Source: Company information as of July 31, 2026; Note: All MW reflected on a gross basis. (1) Co - location capacity under rental agreement. (2) MTL - 2 COD expected near year end of fiscal year (3) Pipeline defined as data center sites for sale and under evaluation by management. (4) Includes cu
Slide 12: WhiteFiber Growth Journey
12 Growth Journey WhiteFiber has scaled from GPU cloud into an integrated AI infrastructure platform across data centers, cloud services and long - duration customer deployments. Jan 2024 Cloud services launched Initial GPU cloud platform Feb 2025 WhiteFiber brand launched Cloud + data center platfo
Slide 13: Key Investment Takeaways
13 Key Investment Takeaways Visible Near - Term Execution: MTL - 3 is operational and NC - 1 Phases 1 & 2 are contracted, with additional capacity milestones ahead. Cloud Services Momentum: July 2026 wins represent >$540M of recent aggregate cloud contract value across owned - fleet and project - fi
Slide 14: mNAV vs BTBT Share Price
14 mNAV vs BTBT Share Price Illustrative as of July 31, 2026 Stake (~60% Stake) Value ($M) Market Price Asset Holdings $306.7 $1,860.35 Ethereum 164,842 $640.9 $23.70 WhiteFiber (WYFI) 27,043,750 ($150.0) BTBT + WYFI Convertible Note $150,000,000 $ 797.6 Combined Asset Value Note: BTBT shares outsta
Slide 15: Our Experienced Team
15 Our Experienced Team Select Experience Sam Tabar Chief Executive Officer ▪ Founded in 2017; acquired by Consensys 2020 ▪ Sam Tabar was Co - Founder and Chief Strategy Officer ▪ Provided tokenized real estate using blockchain technology ▪ Developed AirSwap, a DeFi trading platform for global excha
Slide 16: Contact
16 31 Hudson Yards, Floor 11 New York, NY 10001 United States +1 212 463 5121 IR@bit - digital.com www.bit - digital.com | @BitDigital_BTBT Investor Presentation | September 2026