Key Takeaways:
Bit Digital posted a $146.7M Q1 loss while expanding holdings to 155,444 ETH.Ethereum staking brought Bit Digital $2.3M as bitcoin mining revenue fell 33%.Bit Digital boosted AI and ETH focus, with Whitefiber valued near $322M by March 31.CEO Sam Tabar said the company views ethereum and AI infrastructure as interconnected parts of a broader digital financial system.
Ethereum and AI infrastructure are components of a single integrated platform aligned with the future of the digital financial system. The future financial system will increasingly revolve around automated, on-chain value transfer between AI agents and applications. Ethereum is particularly well-positioned to serve as the settlement layer for that activity.
The company’s infrastructure exposure comes through Whitefiber, its majority-owned AI and high-performance computing subsidiary. Bit Digital held approximately 27 million Whitefiber shares at quarter-end, representing an implied value of roughly $322 million based on the company’s Nasdaq closing price.
Cloud services revenue declined 13% sequentially to $16.8 million, while colocation revenue rose nearly 24% to $4.8 million, helped by a full-quarter contribution from the MTL-3 facility.
