Bit Digital, Inc.
BTC Holdings
417.6
Share Price
$2.97
Current trading price per share
Market Cap
$949M
Total market capitalization
Enterprise Value
$680M
Market cap plus debt minus cash
NAV Multiple
19.496
Net Asset Value multiplier
BTC / Market Cap
5.1%
Bitcoin holdings as % of market cap
About Bit Digital, Inc.
Bit Digital, Inc., listed on Nasdaq with the ticker BTBT, is a digital infrastructure company headquartered in New York. Incorporated in 2017 as Golden Bull Limited with an initial focus on peer-to-peer lending and car rentals, it pivoted to cryptocurrency mining in 2020 and rebranded to Bit Digital. Its business model centers on generating revenue through Bitcoin mining, Ethereum staking, and high-performance computing services for AI applications. Core operations involve managing a geographically diversified mining fleet hosted in data centers across North America and Iceland, deploying specialized hardware for efficient production, and providing GPU-based computing capacity for AI model training and inference.
The company employs a Bitcoin treasury strategy, retaining mined Bitcoin as a reserve asset to diversify its financial portfolio and support operational flexibility. This approach integrates with its broader digital asset strategy, which includes Ethereum staking to generate additional rewards and holding a mix of cryptocurrencies for potential appreciation. Bit Digital emphasizes sustainable energy use and geographic diversification to mitigate risks, while expanding into blockchain-enabled AI infrastructure to create synergies across its digital ecosystem.
Led by CEO Samir Tabar, a finance and technology expert, Bit Digital maintains a competitive presence in the Bitcoin mining sector alongside larger peers, while pioneering diversification into AI cloud services. Its leadership team drives innovation in efficient digital operations, positioning the company as a versatile player in emerging technologies. By bridging cryptocurrency mining with high-performance computing, Bit Digital ensures long-term relevance in the dynamic intersection of blockchain and AI.
Recent Developments
- Mar 31, 2025: Bitcoin holdings decreased by 324.50 BTC to 417.6 BTC with cost basis of $82.4K (BTC @ $2.1)
- Jan 8, 2025: Bitcoin holdings decreased by 70.90 BTC to 742.1 BTC with cost basis of $95.5K (BTC @ $3.62)
- Nov 30, 2024: Bitcoin holdings increased by 31.80 BTC to 813 BTC with cost basis of $96.7K (BTC @ $4.61)
- Oct 31, 2024: Bitcoin holdings increased by 50.20 BTC to 781.2 BTC with cost basis of $71.5K (BTC @ $4.22)
- Sep 30, 2024: Bitcoin holdings decreased by 307.00 BTC to 731 BTC with cost basis of $64K (BTC @ $3.64)
Bit Digital, Inc. — Bitcoin Holdings Over Time
1y - Present
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Bit Digital, Inc. — Stock vs BTC Dynamics
1y - Present
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Balance Sheet History