Bit Digital Inc (NASDAQ:BTBT) is one of the best stocks under $3 to invest in. On January 29, Bit Digital Inc. (NASDAQ:BTBT) announced it will discontinue its Bitcoin mining operations and focus instead on artificial intelligence (AI) computing and Ethereum infrastructure. The company now believes that Bitcoin mining “became a less efficient use of capital relative to opportunities that allow for active participation, yield generation, and operational leverage,” as opined by Bit Digital Inc. (NASDAQ:BTBT) ...

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NEW YORK, Feb. 6, 2026 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company") today announced its monthly Ethereum ("ETH") treasury and staking metrics for the month of January 2026: Key Highlights for January 2026 [1]As of January 31, 2026, the Company held approximately 155,239.4 ETH. Based on a closing ETH price of approximately $2,449, as of January 31, 2026, the market value of the Company's ETH holdings was approximately $380.2 million. The Company's total average ETH acqu ...

Summary of Bit Digital Conference Call Company Overview - **Company Name**: Bit Digital - **Ticker**: BTBT - **Exchange**: NASDAQ - **CEO**: Sam Tabar - **Business Model**: Defined as a strategic asset company focusing on owning and operating productive infrastructure rather than passive asset holding [7][10][25] Core Industry Insights - **Strategic Asset Company Definition**: Focuses on capital allocation into productive infrastructure that generates yield, usage, and participation [8][10][25] - **Shift from Bitcoin Mining**: Initially started as a Bitcoin miner but pivoted to Ethereum and AI infrastructure due to challenges in the mining business [10][11][12] - **Ethereum as Economic Infrastructure**: Viewed as a primary programmable settlement layer for decentralized finance, supporting stablecoins and generating yield through staking [16][17][26] Key Financial Metrics - **Ethereum Holdings**: Approximately 155,000 ETH held, with about 90% actively staked yielding around 3%-4% [13][23] - **WhiteFiber Ownership**: Owns approximately 27 million shares of WhiteFiber, representing over 70% ownership, valued at nearly $900 million at year-end 2025, currently around $650 million due to market pressures [13][14][19][23] - **Debt Structure**: No unsecured debt; issued $150 million of unsecured convertible notes in 2025 [23] Strategic Focus Areas - **AI Infrastructure**: Majority equity ownership in WhiteFiber, which develops AI-focused data centers and compute infrastructure [19][20] - **Growth in AI Workloads**: WhiteFiber's infrastructure is positioned to meet the growing demand for AI compute, with plans to expand from 11 MW to over 75 MW by the end of 2026 [20][22] - **Long-term Vision**: Aims to be a leading public Ethereum treasury and a major shareholder in scaled AI infrastructure within five years [32] Market Positioning - **Diversification**: Bit Digital's diversified asset base has helped it perform better than pure ETH peers during market fluctuations [14] - **Valuation Disconnect**: The market assigns a lower implied value to Bit Digital's WhiteFiber stake compared to its public market value, indicating a potential investment opportunity [15][30] Operational Strategy - **Active Participation**: Focus on operational participation in infrastructure rather than passive asset holding, which allows for compounding returns [11][29] - **Capital Allocation**: Decisions to raise capital are based on opportunities to increase shareholder value, with a focus on maximizing long-term value per share [31] Conclusion - **Future Outlook**: Bit Digital is positioned to capitalize on the growing sectors of Ethereum and AI infrastructure, with a strategic focus on operational excellence and long-term compounding [24][32]

Capital allocator to productive digital infrastructure Investor Presentation | February 2026 Strategic Asset Company (SAC) www.bit-digital.com @BitDigital_BTBT 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, and any subsequently filed Quarterly Reports on Form 1 ...

Group 1 - The article does not provide specific insights or analysis on any companies or industries, focusing instead on the author's personal disclosures and lack of investment positions [1][2]

Group 1 - Finnish engineering group Wartsila missed fourth-quarter orders forecasts [1] - The company faced challenges due to U.S. battery tariffs [1] - Increased competition in the energy storage business impacted performance [1]

Core Insights - Bit Digital Inc has made a significant strategic shift in 2025, moving away from bitcoin mining to focus on Ethereum and high-performance computing (HPC) [1][4] - The HPC division has been spun off into a new company called WhiteFiber, in which Bit Digital retains a 70% stake [1][4] - The company has sold all its bitcoin holdings and invested approximately half a billion dollars in Ethereum [4] Strategic Goals - The company is not satisfied with its current share price performance and aims to pursue mergers and acquisitions (M&A) or other strategies to generate proper EBITDA by 2026 [5][6] - The goal is to enable investors to apply earnings multiples rather than solely valuing the company based on net asset value (NAV) [6] Self-Funding and Shareholder Value - Bit Digital has decided not to sell its shares in WhiteFiber despite the lock-up expiration, believing in the future potential of WhiteFiber [7] - The company is exploring business acquisitions or operational strategies to achieve self-funding, as current Ethereum staking yields are insufficient [8] AI Business Development - WhiteFiber, which focuses on AI, has been performing well since its IPO in August last year, with increasing reverse inquiries [9] - The company has a competitive edge in retrofitting facilities into data centers quickly and cost-effectively, recently signing an $865 million contract with Nscale [10]

Core Insights - Bitcoin mining has become less lucrative due to multiple halving events that have significantly reduced rewards despite an increase in Bitcoin prices [3][4] - Companies in the crypto industry are pivoting from Bitcoin mining to artificial intelligence (AI) due to the decline in profitability [5] Industry Overview - Bitcoin mining involves using specialized hardware to solve cryptographic functions, allowing miners to verify and add BTC transactions to the blockchain in exchange for rewards [2] - The profitability of Bitcoin mining attracted many tech enthusiasts during the pandemic, but the situation has changed drastically [3] Company Actions - Bitfarms Ltd. plans to wind down its Bitcoin mining business by 2027 and transition to AI operations [5] - Tether Holdings has also announced the shutdown of its Bitcoin mining operations in Uruguay [5] - Bit Digital, which began mining Bitcoin in 2020, is now planning to shut down its Bitcoin mining operations and has shifted focus to AI [7]

As Bitcoin miners increasingly pivot toward high performance computing and AI infrastructure, Bit Digital took a more drastic step, choosing to separate its AI infrastructure business after concluding that investors and lenders evaluate high performance computing and digital assets through entirely different lenses. During a recent interview with TheStreet Roundtable, Bit Digital CEO Sam Tabar said the decision to carve out the company’s AI infrastructure unit, now operating as WhiteFiber, was driven by t ...