Bit Digital Inc. Sees Boost Amid Ethereum-AI Pivot

Bit Digital Inc., trading under the ticker symbol BTBT on NASDAQ, has been trending upwards with a 3.87% increase in value as of May 22, 2026. This movement can be attributed to the company's strategic pivot towards Ethereum-AI infrastructure through its majority stake in WhiteFiber.

The shift from being primarily a Bitcoin miner is significant, and traders are treating BTBT less like a pure crypto miner and more like a hybrid ETH/AI infrastructure play. The company's Q1 2026 report highlighted weaker cloud and staking revenue, negative adjusted EBITDA, and a large GAAP loss driven by digital asset marks.

However, Bit Digital's balance sheet remains strong with approximately $79.5M in cash and equivalents, as well as about 155,000 ETH valued at around $327M at the end of the quarter. The company's narrative is now centered around its Ethereum treasury and staking engine, tied to AI and high-performance computing infrastructure.