Slide 1: There is no second best to rewrite the financial system
1 There is no second best to rewrite the financial system. www.bit - digital.com Investor Presentation @BitDigital_BTBT August 2025
Slide 2: Risk factors and safe harbor
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 the Ethereum Treasury Revolution: All-In Strategy
Pioneering the Ethereum Treasury Revolution: Bit Digital’s All - In Strategy for the Future of Finance bit - digital.com Why Ethereum? ● Programmable Powerhouse: Ethereum’s smart contracts and DeFi ecosystem are redefining global finance, offering unparalleled utility over traditional assets. ● Stak
Slide 4: Opportunistic ETH acquisitions powering mNAV growth
4 Opportunistic ETH acquisitions powering mNAV growth: Strategically building the world’s 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 Proc
Slide 5: Ethereum is the primary blockchain platform for DeFi
5 Ethereum is the primary blockchain platform for Decentralized Finance (DeFi). 01. Valu e Unique Technical 02. Stakin g Passive Valu e Generates Bit Digital generated an average of 3.2% APY staking rewards for 2024. (1) Most Active Developer 03. Ecosystem Ethereum is the leading platform for blockc
Slide 6: Experienced team
6 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
Slide 7: Bit Digital Highlights
7 Bit Digital Highlights ❑ 1 20,650 ETH Held (1) ❑ Material Stake in WhiteFiber (Nasdaq: WYFI) ~74.3% (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 8: Former Bit Digital: Cloud Services, Data Centers, Ethereum Staking, Bitcoin Mining
Former Bit Digital bit - digital.com Cloud Services Data Centers Ethereum Staking Bitcoin Mining 8
Slide 9: 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 10: Bit Digital reimagined
Bit Digital reimagined bit - digital.com 121,076 ETH held ~$511.5MM value As of 8/11/25 Ethereum Holdings 100% ETH Accumulation Strategy Bit Digital owns 10 ~74.3% of WYFI 27,043,749 shares ~$468.4MM value As of 8/13/25
Slide 11: Bit Digital's in-place infrastructure and expertise
bit - digital.com Bit Digital’s in - place infrastructure and expertise Existing Native Staking Relationships ✓ Institutional - grade validator infrastructure already operational ✓ Exclusively stake Bit Digital owned ETH Custodial Partnerships ✓ Enterprise custody integrations with tier - 1 provider
Slide 12: The Ethereum playbook
The Ethereum playbook bit - digital.com Strategic Capital Raising Public Ethereum Advocacy Actively promoting the adoption, and responsible use of ETH through education, thought leadership, and ecosystem engagement, highlighting ETH’s role in powering DeFi, programmable assets, and the future of dig
Slide 13: mNAV vs BTBT Share Price
mNAV vs BTBT Share Price Illustrative as of 8/13/2025 bit - digital.com Asset Holdings Market Price Value ($MM) 121,076 $4,727.10 $572.3 27,043,749 $17.32 $468.4 Ethereum WhiteFiber (WYFI) Stake Combined Asset Value $ 1.0 Note: BTBT shares outstanding as of August 13, 2025. Illustrative mNAV calcula
Slide 14: ETH held and staking revenue
bit - digital.com Total ETH Held Total ETH Value ETH Staked Staking Revenue $365,332 For 2Q25 Staking Rewards 166.8 For 2Q 2025 Staking Gross Margin 92% For 2Q 2025 121,076 as of 8/11/25 ~511.5MM as of 8/11/25 105,015 as of 2Q25 14
Slide 15: Contact
15 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