Bit Digital переключается с биткоина на ИИ и Ethereum: новая стратегическая эволюция Headline: Bit Digital Shifts from Bitcoin to AI and Ethereum: A New Strategic Evolution

Bit Digital, a mining company, has announced its decision to completely discontinue its digital gold mining operations. Instead, it will focus on investments in Ethereum (ETH) and artificial intelligence (AI) strategies, according to a report from The Block.

“Mining was effective within our previous business model, but over time it has become a less profitable use of capital compared to opportunities that allow us to actively engage, generate revenue, and utilize operational leverage,” stated CEO Sam Tabar.

He further mentioned that the company has concentrated its digital assets in Ethereum and is prioritizing AI infrastructure through its stake in WhiteFiber.

“These decisions have redirected Bit Digital towards areas that we can exploit, monetize, and scale over time,” added Tabar.

Bit Digital began its Bitcoin mining operations in 2020 and briefly mined Ethereum in 2022 before the cryptocurrency transitioned to a Proof-of-Stake consensus algorithm. At that time, the company also started accumulating and staking the second largest cryptocurrency.

The firm was among the first in the industry to diversify its business by investing in high-performance computing (HPC). Ahead of market trends, it launched Bit Digital AI in 2023.

In June 2025, Tabar hinted at a complete exit from cryptocurrency mining. Over the following months, the company sold off specialized assets, terminated hosting contracts, and decommissioned outdated equipment.

Simultaneously, Bit Digital expanded its presence in the AI and HPC sectors through its subsidiaries and partnerships. In August 2025, its subsidiary WhiteFiber raised nearly $160 million in an initial public offering.

“WhiteFiber represents our long-term commitment to AI infrastructure. We view this asset as a key strategic component of our capital allocation strategy,” wrote Tabar.

As of July, Bit Digital owned 153,546 ETH valued at $419 million at current market prices, with most of the coins staked. According to The Block, the company’s mNAV ratio stands at 1.93, with BTBT shares trading at a 90% premium to the net value of Ethereum on its balance sheet.

In comparison, a similar figure for MicroStrategy has fallen below one (0.86) amid declining valuations.

In October, Bit Digital further acquired 31,057 ETH using proceeds from a $135 million convertible bond offering.

The transition to the AI and HPC sector has become a recent trend. By November, seven out of the ten largest publicly traded miners reported earnings from this direction.

Diversification has proven economically advantageous. An AI contract with TeraWulf is projected to generate $1.85 million in annual revenue for every megawatt of energy, exceeding mining income.

Stable cash flow and high profitability have become major advantages for companies investing in neural networks.

It is worth noting that by August 2024, energy consumption for AI had surpassed that of Bitcoin mining.