Slide 1: A Strategic Asset Company for productive digital infrastructure
A Strategic Asset Company for productive digital infrastructure Investor Presentation | July 2026 www.bit-digital.com | @BitDigital_BTBT 1
Slide 2: Investor Notice
Investor Notice 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 Repor
Slide 3: Our Experienced Team
Our Experienced Team Select Experience Erke Huang Chief Financial Sam Tabar Officer & Director Long Soar Technology Chief Executive Limited Officer Select Experience Select Experience Brock Pierce Board Member ▪ Founded in 2017; acquired by Consensys 2020 Select Experience ▪ Sam Tabar was Co-Founder
Slide 4: Bit Digital Growth Journey
Bit Digital Growth Journey 2025+ | Strategic Positioning 2020-2021 | Foundations 2024 | AI Expansion ● Converted Bitcoin to 100% Ethereum treasury + staking. ● Bitcoin Mining & commodity ● BTC mining sunsetting (~1 EH/s) compute ● Launched cloud services ● Retained majority stake in WYFI ● Began con
Slide 5: What is a Strategic Asset Company?
What is a Strategic Asset Company? Bit Digital’s Focus - Economic infrastructure: Ethereum Strategy & Operations SAC DAT ETF - AI infrastructure: AI compute (WhiteFiber) - Generate yield + durable value Deploys capital into productive economic & AI infrastructure ✔ X X - Strategic capital deployment
Slide 6: Our Strategic Assets
Our Strategic Assets We focus on owning productive infrastructure that generates yield, usage, participation, and building operating capabilities around those assets as they compound over time. Economic Infrastructure AI Infrastructure Operates Ethereum infrastructure Majority equity ownership in AI
Slide 7: Why Infrastructure is the Scarce Asset
Why Infrastructure is the Scarce Asset “When intelligence is cheap, what becomes expensive? Verification… Blockchains address this at the infrastructure layer.” - a16z Crypto What Is Becoming Scarce - Reliable, scalable verification & compute infrastructure for intelligence-driven workloads ETH and
Slide 8: mNAV vs BTBT Share Price
mNAV vs BTBT Share Price Illustrative as of May 31, 2026 BTBT Shares Outstanding Asset Holdings Market Price Value ($MM) 353.4MM Ethereum 162,080 $2,004.00 $324.8 mNAV per Share WhiteFiber (WYFI) $3.06 27,043,750 $27.94 $755.6 Stake (70.5% Stake) BTBT Share Price Combined Asset Value $1,080.4 $2.02
Slide 9: Implied Value of Bit Digital's Stake in WYFI
Implied Value of Bit Digital’s Stake in WYFI Represents Significant Discount to Market Share Price $2.02 Shares Outstanding 353.4MM BTBT Market Cap $713.9MM ETH Holdings 162,080 Less: ETH Value at 1.0x mNAV(1) ($324.8MM) Implied Value of WYFI Holding $389.1MM Market Value of WYFI Holding(2) $755.6MM
Slide 10: ETH as Economic Infrastructure
ETH as Economic Infrastructure Unique Technical Value: Primary DeFi platform; secures the network. Staking Generates Passive Value: 3.1% APY staking rewards as of May 2026.(1) Most Active Developer Ecosystem: Leading platform for blockchain developers.(2) Second Largest Digital Asset: ~$245B Market
Slide 11: The Ethereum Flywheel
The Ethereum Flywheel 1 Raise Capital 6 Equity, debt levers Premium to NAV Lower capital cost(1) 5 2 Compound Value Acquire ETH ETH yield + compute Opportunistic buying 3 Stake for Yield 4 Native + Liquid Fund AI/HPC WhiteFiber compute 11 1. Bit Digital currently trades at a ~34% discount to NAV as
Slide 12: Ethereum Infrastructure & Partners
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 with vali
Slide 13: WYFI ETH-Backed Loan Facility: Structure & Value Creation
WYFI ETH-Backed Loan Facility: Structure & Value Creation Deploying ETH to finance real-world growth with superior returns and equity upside ETH COLLATERAL BTBT extends a Galaxy finances ETH-Backed 9.5% Credit Facility to Bit digital DELAYED-DRAW TERM LOAN Capital deployed to ETH posted as collatera
Slide 14: AI Infrastructure: Overview
AI Infrastructure: Overview ~11 MW Online in 2025 Iceland(1) ~76 MW Online by YE 2026 MTL-1 4.0 MW ~1.5 GW Pipeline (3) ~5,000 NVIDIA GPUs Contracted MTL-2 5.0 MW(2) 20+ Customers (4) MTL-3 Integrated AI Infrastructure Platform 7.0 MW NC-1(5) 99.0 MW Footprint Pipeline(3) Source: Company information
Slide 15: Growth Journey
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 Feb 2025 Aug 2025 Dec 2025 Cloud services WhiteFiber brand WhiteFiber IPO Nscale anchor launched launched contract In
Slide 16: Key Investment Takeaways
Key Investment Takeaways A contracted AI infrastructure platform with near-term execution, capital-efficient growth and expansion upside. Contracted Flagship Asset: Anchored by a 10-year, 40 MW IT load agreement with Nscale, with 1 expansion potential beyond the initial deployment. Visible Near-Term
Slide 17: Strategic Asset Company Snapshot
Strategic Asset Company Snapshot All data as of May 31, 2026 WYFI Shares Total ETH Held Total ETH Value Owned 162,080.6 ~$324.8MM ~27.0MM Total ETH Staked Staking Rewards WYFI Value 74,163 ETH 146.4 ETH $755.6MM Annual Yield AVG ETH BTBT + WYFI Percentage Acquisition Price Delayed-Draw Term Loan 3.1
Slide 18: 31 Hudson Yards, Floor 11 New York, NY 10001 United States
Investor Presentation | July 2026 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 18