Bit Digital, Inc. · NASDAQ:BTBT
Bit Digital — Investor Presentation (February 2026)
17 slides from Bit Digital's investor presentation, Feb 4, 2026
Slide 1: Strategic Asset Company (SAC): Capital allocator to productive digital infrastructure
1 Strategic Asset Company ( SAC ) Capital allocator to productive digital infrastructure Investor Presentation | February 2026 www.bit - digital.com @BitDigital_BTBT
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: Our Experienced Team
bit - digital.com 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 f
Slide 4: Ethereum Economic Infrastructure and AI/HPC Intelligence Infrastructure
Ethereum Economic Infrastructure Actively allocates capital across productive strategic assets Monetize usage, yield, and participation Built for long - duration relevance, not short - term cycles A Strategic Asset Company (SAC) Operates Ethereum infrastructure through staking and network participat
Slide 5: What is a Strategic Asset Company?
bit - digital.com What is a Strategic Asset Company? Strategy & Operations SAC DAT ETF Deploys capital into productive economic & intelligence infrastructure X X Integrates infrastructure assets into real - world operating models X X Passive balance - sheet exposure X SACs participate, they don’t ju
Slide 6: Bit Digital's Evolution
bit - digital.com 6 Bit Digital’s Evolution 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 - Laun
Slide 7: Why Infrastructure is the Scarce Asset
bit - digital.com Why Infrastructure is the Scarce Asset The core constraint today is not about capital scarcity. It is about infrastructure scarcity. What Is Becoming Scarce - Settlement and coordination infrastructure for programmable finance - Reliable, scalable compute infrastructure for intelli
Slide 8: Asset holdings and mNAV vs BTBT share price
Illustrative as of December 31, 2025 bit - digital.com Asset Holdings Market Price Value ($MM) 155,277.3 $2,967.00 $460.7 27,043,750 $15.80 $427.3 Ethereum WhiteFiber (WYFI) Stake (70.4% Stake) Combined Asset Value $ 888.0 Note: BTBT shares outstanding as of December 31, 2025. Illustrative mNAV calc
Slide 9: Implied Value of Bit Digital's Stake in WYFI Represents Significant Discount to Market
9 Implied Value of Bit Digital’s Stake in WYFI Represents Significant Discount to Market 1. Based on ETH price of $2,967.00 as of December 31, 2025. 2. Based on 27,043,750 WYFI shares held by Bit Digital as of December 31, 2025. 3. Represents Implied Value of WYFI Equity holding divided by Market Va
Slide 10: Ethereum as Economic Infrastructure
10 bit - digital.com Ethereum as Economic Infrastructure 1. Bit Digital monthly production updates. 2. Hashlock – “Blockchains With the Most Developers in 2025” (2025). 3. CoinMarketCap , as of December 31, 2025. 4. KuCoin – “Data: Ethereum - Based Stablecoins Generate $5 Billion in 2025, Supply Gro
Slide 11: Capital Raising & Deployment: Opportunistic Buying and mNAV Focus
11 bit - digital.com Opportunistic Buying Capital Raising & Deployment mNAV Focus (1) Why It Works Staking yield and network participation create a compounding ETH - per - share flywheel. We utilize multiple capital levers to fund growth and compound intrinsic value per share . 1. Market Net Asset V
Slide 12: Ethereum Infrastructure & Partners
Ethereum Infrastructure & Partners bit - digital.com 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
Slide 13: WhiteFiber
BIT DIGITAL 4 bit-digital.com NASDAQ: BTBT WHITEFIBER—
Slide 14: Intelligence Infrastructure: WhiteFiber Overview
14 Source: Company information as of September 30, 2025; Note: All MW reflected on a gross basis. 1. Co - location capacity under rental agreement. 2. Development of MTL - 2 has been put on hold. (3) Pipeline defined as data center sites for sale and under evaluation by management. 4. Includes custo
Slide 15: WhiteFiber Growth Journey and Carve Out
15 Launch Cloud Services High - performance infrastructure serving 20+ enterprise and cloud customers , delivering scalable, energy - dense solutions for today’s fastest - growing AI and HPC workloads. WhiteFiber Growth Journey and Carve Out bit - digital.com Established Partnerships MTL - 1 4.0 MW
Slide 16: Strategic Asset Company Snapshot
16 Total ETH Held 155,227.3 As of 12/31/25 Total ETH Value ~$460.5MM As of 12/31/25 AVG ETH Acquisition Price $3,045.14 As of 12/31/25 bit - digital.com Strategic Asset Company Snapshot Note: The preliminary estimated financial results represents only preliminary consolidated financial results and i
Slide 17: Contact and investor relations
17 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 | February 2026