Slide 1: ETH Powered. Publicly Traded.
1 ETH Powered. Publicly Traded. The foreseeable future belongs to ETH + AI www.bit - digital.com Investor Presentation @BitDigital_BTBT September 2025
Slide 2: Risk factors and about this presentation
Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward - looking statements described under “Risk Factors” in Item 1A of our Annual Report on Form 10 - K for the year ended December 31, 2024
Slide 3: Pioneering two of the greatest story arcs of our time: ETH + AI
Pioneering two of the greatest story arcs of our time: ETH + AI bit - digital.com Bit Digital’s Mission To lead as the preeminent Ethereum treasury platform, transforming the future of finance with one of the world’s largest ETH holdings and delivering value through innovation and strategic growth.
Slide 4: Why Ethereum + Artificial Intelligence?
● Programmable Powerhouse: Ethereum’s smart contracts and DeFi ecosystem are redefining global finance as the foundation of digital capital – while cutting out the traditional middleman. ● Staking Yield Advantage: ETH staking delivers sustainable returns, fueling Bit Digital’s flywheel of growth. ●
Slide 5: Uniquely Positioning Shareholders at the Intersection of Digital Capital and AI
bit - digital.com Uniquely Positioning Shareholders at the Intersection of Digital Capital [ ETH staking / yields ] and Artificial Intelligence [ AI infrastructure ]. Unique Technical Value Smart contracts enable programmable money, surpassing traditional finance by cutting out the middleman. Growin
Slide 6: Opportunistic ETH acquisitions powering mNAV growth
Opportunistic ETH acquisitions powering mNAV growth: Strategically building a leading ETH treasury bit - digital.com Opportunistic Buying Capitalizing on market dips to acquire ETH at prices we believe are attractive, with the goal of enhancing mNAV (1) per share. Capital Deployment Proceeds from eq
Slide 7: Experienced team
bit - digital.com 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 g
Slide 8: Bit Digital Highlights
8 Bit Digital Highlights ❑ 1 21,252 ETH Held (1) ❑ Material Stake in WhiteFiber (Nasdaq: WYFI) ~71.5% (2) ownership in a valuable public AI infrastructure company. ❑ Proven Public Company Leadership Experienced team with a track record of disciplined execution. ❑ ETH Staking Since 2022 Established v
Slide 9: Former Bit Digital Cloud Services Data Centers
Former Bit Digital bit - digital.com Cloud Services Data Centers Ethereum Staking Bitcoin Mining 9
Slide 10: Bit Digital Transition Milestones
Bit Digital Transition Milestones bit - digital.com Step 1 Step 2 Convert BTC into ETH to fully align treasury for ETH Simplify corporate structure by spinning off HPC subsidiary Step 3 Exit Bitcoin Mining Operations Step 4 100% ETH Accumulation Strategy Bit Digital’s focus going forward is simple.
Slide 11: Bit Digital reimagined
Bit Digital reimagined bit - digital.com 121,252 ETH held ~$532.5MM value As of 8/31/25 Ethereum Holdings 100% ETH Accumulation Strategy Bit Digital owns 11 ~74.3% of WYFI 27,043,749 shares ~$441.9MM value As of 8/31/25
Slide 12: Bit Digital's in-place infrastructure and expertise
bit - digital.com Bit Digital’s in - place infrastructure and expertise Existing Native Staking Relationships ✓ Institutional - grade validator infrastructure already operational ✓ Exclusively stake Bit Digital owned ETH Custodial Partnerships ✓ Enterprise custody integrations with tier - 1 provider
Slide 13: The Ethereum playbook
The Ethereum playbook bit - digital.com Strategic Capital Raising Public Ethereum Advocacy Actively promoting the adoption, and responsible use of ETH through education, thought leadership, and ecosystem engagement, highlighting ETH’s role in powering DeFi, programmable assets, and the future of dig
Slide 14: mNAV vs BTBT Share Price
mNAV vs BTBT Share Price Illustrative as of 8/31/2025 bit - digital.com Asset Holdings Market Price Value ($MM) 121,252 $4,327.82 $524.8 27,043,749 $16.34 $441.9 Ethereum WhiteFiber (WYFI) Stake Combined Asset Value $ 966.7 Note: BTBT shares outstanding as of August 31, 2025. Illustrative mNAV calcu
Slide 15: ETH Treasury Snapshot
bit - digital.com Total ETH Held Total ETH Value Staking Rewards 249 ETH For August 2025 Staking Yield 2.94% For August 2025 WYFI Shares Owned 27.0MM As of 8/31/25 121,252 As of 8/31/25 ~$532.5MM As of 8/31/25 ETH Staked 105,031 As of 8/31/25 ETH Treasury Snapshot 15
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 Investor Presentation @BitDigital_BTBT August 2025