Bit Digital (BTBT) Shifts to Ethereum Treasury and AI Infrastructure Strategy

Core Viewpoint - Bit Digital, Inc. is transitioning from Bitcoin mining to a focus on Ethereum treasury and AI infrastructure, indicating a strategic shift towards more scalable and yield-oriented opportunities [3][4]. Group 1: Financial Performance - As of January 31, 2026, Bit Digital held approximately 155,239.4 ETH, valued at around $380.2 million based on an ETH price of $2,449 [1]. - The average acquisition cost for Bit Digital's ETH position was approximately $3,045 per token [2]. - The company staked about 138,266 ETH, which is roughly 89% of its total holdings, generating approximately 344.0 ETH in rewards for January, corresponding to an annualized yield of about 2.9% [2]. Group 2: Strategic Direction - Bit Digital is evolving into what it describes as a "Strategic Asset Company," focusing on Ethereum treasury, staking, and AI infrastructure growth, moving away from traditional mining operations [4]. - The decision to exit Bitcoin mining was based on the conclusion that it had become a less efficient use of capital [4]. - The company is also integrating artificial intelligence into its GPU-based computing operations, operating data centers across North America to support AI workloads [5].