Bit Digital Shifts Strategy Away From Bitcoin Toward AI Infrastructure and Staking

Bit Digital reported a significant transformation in its third-quarter 2026 revenue streams, as management pivots away from traditional Bitcoin mining toward artificial intelligence infrastructure and Ethereum staking. According to executive commentary from the earnings call, the firm is positioning itself as a strategic asset entity focused on acquiring high-conviction holdings and deploying its balance sheet to secure contracted revenue.

Revenue Composition and Infrastructure Expansion

Chief Executive Officer Sam Tabar highlighted that cloud services, colocation, and Ethereum staking together generated approximately 91% of the company's consolidated revenue during the third quarter, compared to roughly 74% a year prior. Chief Financial Officer Erke Huang noted that the firm is actively converting liquid capital into productive operating assets. Notably, WhiteFiber's NC-1 facility brought its full 40 megawatts of contracted capacity online, tied to a 10-year contract valued at $865 million, following minor initial delays regarding switchgear.

Digital Assets and Capital Management

In addition to expanding high-performance computing operations, the company maintained a substantial digital asset portfolio. By the end of September, Bit Digital held approximately 163,726 Ethereum and Ethereum equivalents. Native staking generated about 474 ETH in rewards during the third quarter at an annualized yield of roughly 3.4%. Management also addressed debt management and liquidity, noting that WhiteFiber secured a $300 million credit facility to support previous bridge financing, which in turn allowed Bit Digital to lower its collateralized liquid Ethereum holdings from 39,000 down to 19,000 tokens.