Bit Digital, Inc. (BTBT) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and welcome to the BitDigital fourth quarter and full year 2025 earnings conference call. We'll begin shortly. During the call, all participant lines will be in listen-only mode. Following management's remarks, we will open the line for questions. If you'd like to ask a question at that time, please press star 1 on your telephone keypad. As a reminder, today's call is being recorded. I'll now turn the call over to your host, Cameron Schneer. Head of Investor Relations at BitDigital. Cameron, please go ahead. Thank you, and welcome to BitDigital's fourth quarter and full year 2025 earnings call. Joining me today are Sam Tabar, our Chief Executive Officer, and Eric Huang, our Chief Financial Officer. Before we begin, I'd like to remind everyone that certain statements made during today's call may be considered forward-looking. These statements are subject to risks and uncertainties that could cause actual results to differ materially. For a discussion of these risks, please refer to our SEC filings, including our Form 10-K, filed March 27, 2026. We will also refer to non-GAAP financial measures. Reconciliations to the most directly comparable GAAP measures can be found in our earnings materials available on our website. Following our prepared remarks, we'll open the line for questions. With that, I'll turn the call over to Sam. Sam? Thank you, Cam, and thank you for everyone for joining. I'll start with our progress in 2025 and how we are positioning the business. We repositioned the company as a strategic asset company, or SAC, centered on Ethereum and AI infrastructure. We began exiting Bitcoin mining, built a scaled ETH position, and established White Fiber as a core asset. Let me start with our Ethereum strategy. We view ETH as core infrastructure, a product...