Bit Digital, Inc. (BTBT) Stock Price & How to Invest
Last updated July 2026
Short answer
You can invest in Bit Digital (BTBT) by buying shares or fractional shares at any major US broker, through a crypto or blockchain-themed ETF that holds it, or as one holding in a thematic basket. Bit Digital is a Nasdaq-listed company that began as a bitcoin miner and has repositioned itself as a strategic-asset business built around two pillars: a large Ethereum treasury that it stakes to earn yield, and AI/high-performance-computing data-center infrastructure held largely through its majority stake in WhiteFiber (Nasdaq: WYFI). The single most important thing to understand is that BTBT is now effectively a leveraged proxy on the price of Ethereum plus an early-stage AI-infrastructure buildout, so its share price tends to swing with crypto markets far more than with steady operating cash flow.
BTBT stock price
As of 2026-07-14, Bit Digital, Inc. (BTBT) last closed at $1.63, down 50.3% over the past year. Over the past 52 weeks it has traded between $1.26 and $4.22.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Bit Digital, Inc.'s investor relations page. Walnut is informational, not investment advice.
What does Bit Digital, Inc. (BTBT) do?
Bit Digital, Inc. (Nasdaq: BTBT) is a digital-asset and infrastructure company that has undergone a major strategic transformation. It started life as a bitcoin miner, but in 2025 it repositioned itself as what it calls a strategic-asset company centered on Ethereum. By mid-2026 it held roughly 155,000 to 160,000 ETH, making it one of the largest public corporate holders of Ethereum, and a large share of that stack is staked, either natively or through liquid-staking tokens, to generate ongoing yield. This makes the company's asset base and reported results move closely with the price of ETH and with staking economics rather than with a traditional product business.
The second pillar is AI and high-performance-computing infrastructure. Bit Digital holds a majority ownership position in WhiteFiber (Nasdaq: WYFI), a separately listed vehicle building AI data-center capacity. Management has described capacity scaling from roughly 11 MW online in 2025 toward tens of megawatts by the end of 2026, with new cloud-contract wins announced through the year. This gives shareholders exposure to the AI-infrastructure theme, though the buildout is capital-intensive and still early.
The financial picture reflects that transition. First-quarter 2026 revenue was modest at around $28 million, and the company reported a large net loss for the quarter, driven substantially by non-cash mark-to-market swings on its crypto holdings rather than purely by operations. Because so much of its balance sheet is ETH, headline earnings can look dramatically different from quarter to quarter depending on where Ethereum trades. Investors evaluating BTBT are really underwriting three things at once: the ETH price, the sustainability of staking yield, and the execution and returns of the AI data-center expansion.
What's driving Bit Digital, Inc. (BTBT)?
1. Ethereum treasury and staking yield
Bit Digital's largest asset is its Ethereum stack, one of the biggest held by any public company, and a large portion is staked to earn a yield. When ETH rises, the value of that treasury and the dollar value of staking rewards rise with it, giving shareholders geared upside to Ethereum. The strategy also positions the company to benefit from growing institutional interest in ETH as a yield-bearing reserve asset.
2. AI and HPC infrastructure via WhiteFiber
Through its majority stake in WhiteFiber (Nasdaq: WYFI), Bit Digital is building AI and high-performance-computing data-center capacity, scaling from roughly 11 MW in 2025 toward tens of megawatts by the end of 2026 with new cloud-contract wins along the way. This gives shareholders a second growth theme, AI infrastructure demand, layered on top of the crypto exposure, and a path to revenue that is less directly tied to token prices.
3. Pivot away from pure bitcoin mining
By repositioning from a bitcoin miner into an Ethereum-and-infrastructure strategic-asset company, Bit Digital has tried to reduce reliance on the harsh economics of bitcoin mining (rising difficulty, halving-driven reward cuts, and energy costs). The new model aims for yield and infrastructure income rather than block rewards, though it trades one set of crypto risks for another concentrated in Ethereum.
4. Optionality from a separately listed vehicle
Holding WhiteFiber as a distinct Nasdaq-listed entity gives Bit Digital a structure to raise dedicated capital for the AI buildout and to surface a market value for that business separate from the crypto treasury. If the AI-infrastructure unit scales and is valued on its own, it could provide a source of value that is not purely a function of ETH price movements.
What are the risks to Bit Digital, Inc. (BTBT)?
The dominant risk is crypto price volatility: with the balance sheet dominated by Ethereum, a sharp ETH drawdown can slash the company's asset value and produce large mark-to-market losses, exactly the dynamic behind the sizable Q1 2026 net loss. Staking yield is not guaranteed and can fall with protocol changes, validator economics, or shifts in how much ETH is staked network-wide. The AI-infrastructure buildout through WhiteFiber is capital-intensive and unproven at scale, so it may require further financing, dilute shareholders, or fail to earn its cost of capital. The strategy also concentrates risk in a single crypto asset and depends on continued institutional acceptance of Ethereum treasuries. Regulatory uncertainty around digital assets, staking, and crypto-related securities adds another layer outside the company's control, and the stock's history of dilution and strategic pivots means past business models are a poor guide to the current one.
How is Bit Digital, Inc. (BTBT) valued? (approximate, Jul 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Bit Digital, Inc.'s investor relations page or your broker.
- Business model: Strategic-asset company: Ethereum treasury plus staking yield, plus AI/HPC infrastructure through a majority stake in WhiteFiber (WYFI)
- Ethereum holdings: Roughly 155,000 to 160,000 ETH in the first half of 2026, among the largest corporate ETH treasuries; a large share is staked
- Revenue: Modest relative to the balance sheet (about $28 million in Q1 2026); reported results are dominated by crypto mark-to-market rather than steady operating income
- Profitability: Reported a large net loss in Q1 2026, driven substantially by non-cash swings on crypto holdings; earnings can look very different quarter to quarter
- Valuation framing: Often valued relative to the market value of its ETH treasury and its WhiteFiber stake rather than on traditional earnings multiples
- Volatility: Trades as a high-beta proxy on Ethereum and the AI-infrastructure theme; expect swings far larger than a typical operating company
Bit Digital is best understood as a claim on assets (its ETH stack plus its WhiteFiber stake) more than as an earnings story, so conventional P/E and revenue multiples are of limited use. Reported net income is heavily distorted by non-cash mark-to-market accounting on crypto, meaning a big loss or gain in any quarter often reflects where Ethereum traded, not operating performance. Figures here are approximate and tied to the asOf date; verify live ETH holdings, staking levels, and financials before acting, because the company's strategy and balance sheet have changed rapidly.
Who competes with Bit Digital, Inc. (BTBT)?
Ethereum treasury companies
The closest peers are other public companies that hold large Ethereum treasuries, notably BitMine Immersion Technologies (BMNR), which holds far more ETH than Bit Digital, SharpLink Gaming (SBET), and The Ether Machine (ETHM). Coinbase (COIN) also holds a substantial ETH position. These names compete for the same investor thesis: exposure to Ethereum and staking yield through a listed equity.
Crypto miners and infrastructure that pivoted
Former and current bitcoin miners that have added crypto-treasury or AI/HPC strategies, such as companies moving compute from mining toward AI data centers, share Bit Digital's transition narrative. They compete for capital from investors who want blockchain-plus-AI exposure and face similar questions about whether the pivot creates durable value beyond the underlying token prices.
AI data-center and HPC infrastructure providers
Through WhiteFiber, Bit Digital competes in AI and high-performance-computing infrastructure against dedicated GPU-cloud and data-center operators. These rivals are typically larger and better capitalized, so this is an alternative, less crypto-exposed way to invest in the AI-infrastructure theme and a benchmark for how well Bit Digital's buildout can compete on scale, cost, and contracts.
How to invest in Bit Digital, Inc. (BTBT)
There are three common ways to get BTBT exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so BTBT sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where BTBT fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
The bottom line on Bit Digital, Inc. (BTBT)
Bit Digital has pivoted from bitcoin mining into an Ethereum-treasury-plus-AI-infrastructure story, which makes it a high-volatility bet on ETH prices and staking yield alongside an unproven data-center ramp. It rewards conviction in Ethereum and AI demand and punishes crypto drawdowns, so the question is how much of that volatility fits your portfolio.
Build a basket around BTBT with Walnut
Use Bit Digital, Inc. as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
Is BTBT a good stock to buy right now?
+
That depends on your goals, time horizon, and risk tolerance, and this is not investment advice. The bull case is exposure to a large Ethereum treasury with staking yield plus an AI-infrastructure buildout through WhiteFiber, two themes in one stock. The bear case is that BTBT is a high-volatility proxy on ETH prices with a capital-intensive, unproven AI ramp, a history of dilution and strategic pivots, and reported losses driven by crypto swings. Weigh both against your portfolio.
What does Bit Digital actually do?
+
Bit Digital began as a bitcoin miner and has repositioned itself as a strategic-asset company. Its two main pillars are a large Ethereum treasury that it stakes to earn yield, and AI and high-performance-computing data-center infrastructure held mostly through its majority stake in WhiteFiber (Nasdaq: WYFI). Its results are driven far more by crypto prices and staking than by a traditional product business.
Why did Bit Digital pivot from bitcoin mining to Ethereum?
+
Bitcoin mining faces rising difficulty, periodic reward halvings, and high energy costs, which pressure miner economics. In 2025 Bit Digital repositioned toward Ethereum, aiming to earn staking yield on a large ETH treasury and to build AI infrastructure, models it views as more attractive than block rewards. The pivot trades one set of crypto risks for another that is now concentrated in Ethereum.
How is BTBT connected to Ethereum's price?
+
Because Bit Digital's largest asset is its Ethereum stack, the company's balance-sheet value and reported earnings move closely with ETH. When Ethereum rises, the treasury and the dollar value of staking rewards rise; when it falls, the company can post large non-cash mark-to-market losses, as happened in Q1 2026. That makes BTBT behave like a leveraged proxy on Ethereum.
What is WhiteFiber and why does it matter?
+
WhiteFiber (Nasdaq: WYFI) is a separately listed vehicle in which Bit Digital holds a majority stake, used to build AI and high-performance-computing data-center capacity. Management has described capacity scaling from roughly 11 MW in 2025 toward tens of megawatts by the end of 2026. It gives BTBT shareholders exposure to the AI-infrastructure theme separate from its crypto treasury.
Does Bit Digital pay a dividend?
+
Bit Digital is a growth-and-transition company reinvesting in its Ethereum treasury and AI-infrastructure buildout, and it is not known as a dividend payer. Investors generally hold it for potential exposure to Ethereum and AI infrastructure, not for income. Always check the latest company disclosures before assuming any distribution policy.
Why did BTBT report a large loss recently?
+
Bit Digital reported a large net loss in the first quarter of 2026, driven substantially by non-cash mark-to-market accounting on its crypto holdings rather than by cash operating losses. Because so much of its balance sheet is Ethereum, a swing in ETH prices flows straight into reported earnings, which is why headline profit or loss can look dramatic from quarter to quarter.
What are the main risks of investing in BTBT?
+
The central risk is crypto volatility: a sharp Ethereum drop can slash asset value and cause large reported losses. Staking yield is not guaranteed, the AI-infrastructure buildout is capital-intensive and unproven at scale and may require dilutive financing, and the strategy concentrates risk in a single token. Regulatory uncertainty around digital assets and staking, plus a history of pivots and dilution, add further risk.
How can I get exposure to Bit Digital through an ETF?
+
BTBT can appear in some crypto, blockchain, and digital-asset-themed ETFs, where it sits among miners and crypto-linked equities. ETF exposure spreads single-stock risk across many holdings but dilutes how much any BTBT move affects you, and its weight is usually small. Always check a fund's holdings and weighting before assuming meaningful exposure to Bit Digital specifically.
How is BTBT different from a bitcoin miner like a pure mining stock?
+
Bit Digital used to be a bitcoin miner but has repositioned around Ethereum and AI infrastructure. A pure bitcoin miner earns block rewards and is geared to bitcoin's price and mining difficulty. BTBT is instead geared to Ethereum's price, staking yield, and its AI data-center buildout, so the two respond to different crypto assets and different business drivers despite sharing a crypto-mining heritage.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Bit Digital, Inc.'s investor relations page or your broker before making investment decisions.