Kevin Dede

Brian Dobson

Mike Grondahl

Joseph Gomes

Nick Giles

Christopher Sakai

George Sutton

Joe Gomes

Joshua Zoepfel

- **Bit Digital, Inc. (BTBT)** purchased **31,057 Ethereum (ETH)** using the net proceeds from its recently completed **$150 million convertible notes offering**.  **[1710350_20251008CN92545:0]** 
- This transaction increased the company's total ETH holdings to approximately **150,244 ETH**, solidifying its position among the largest institutional Ethereum treasuries.  **[1710350_20251008CN92545:0]** 
- The initial conversion price of the convertible notes was **$4.16 per share**, representing an **8.2% premium** to Bit Digital's estimated mark-to-market net asset value (mNAV) of **$3.84 per share** as of September 29, 2025.  **[1710350_20251008CN92545:0]**

Bit Digital Expands Ethereum Treasury with Convertible Notes Offering

- As of **September 30, 2025**, Bit Digital held approximately **122,187 ETH**, valued at approximately **$506.6 million** based on a closing ETH price of **$4,145.99**.  **[1710350_20251007CN92357:0]** 
- The company's total staked ETH was approximately **99,936**, representing about **81.8%** of its total holdings, which generated **291 ETH** in rewards during September 2025 at an annualized yield of approximately **3.37%**.  **[1710350_20251007CN92357:0]** 
- Subsequent to September 30, 2025, Bit Digital completed a **$150 million convertible notes offering**, with the net proceeds planned for the purchase of Ethereum.  **[1710350_20251007CN92357:0]**

Bit Digital Reports September 2025 Ethereum Treasury and Staking Metrics

- Bit Digital, Inc. announced a proposed registered underwritten public offering of **$100,000,000** aggregate principal amount of convertible senior notes due 2030 on **September 29, 2025**.  **[1710350_0001213900-25-095533_ea025966901ex99-1_bitdigital.htm:0]** 
- The company intends to grant the underwriters a 30-day option to purchase up to an additional **$15,000,000** aggregate principal amount of notes.  **[1710350_0001213900-25-095533_ea025966901ex99-1_bitdigital.htm:0]** 
- The notes will be **senior, unsecured obligations** of the company and will mature on **October 1, 2030**.  **[1710350_0001213900-25-095533_ea025966901ex99-1_bitdigital.htm:0]** 
- The net proceeds from the offering will primarily be used to **purchase Ethereum** and may also be used for general corporate purposes, including potential investments, acquisitions, and other business opportunities relating to digital assets.  **[1710350_0001213900-25-095533_ea025966901ex99-1_bitdigital.htm:0]**

Bit Digital Announces Proposed Convertible Notes Offering

- **Bit Digital**, which holds an Ethereum treasury of over **$532.5 Million in ETH** as of **September 30, 2025**, has selected **Figment** as its primary staking provider.  **[1710350_9ee90cd62f6d4d219438f246291d65ca_0]** 
- The company has already staked over **86% of its ETH** and will utilize Figment's institutional-grade, non-custodial staking solutions to optimize ETH staking performance and enhance risk management.  **[1710350_9ee90cd62f6d4d219438f246291d65ca_0]** 
- Figment's infrastructure serves over **1,000 institutional clients** with **$17 billion in Assets Under Stake** and adheres to rigorous security and compliance standards, including **OFAC-compliance** and **SOC 2 Type II/ISO 27001 certifications**.  **[1710350_9ee90cd62f6d4d219438f246291d65ca_0]**

Bit Digital Selects Figment as Primary Staking Provider

- Bit Digital priced an upsized public offering of **$135,000,000** aggregate principal amount of **4.00% convertible senior notes due 2030**.  **[1710350_20250930CN86705:0]** 
- The sale of the Notes is expected to close on **October 2, 2025**, with net proceeds estimated at approximately **$128.9 million**.  **[1710350_20250930CN86705:0]** 
- The notes have an initial conversion price of **$4.16 per ordinary share**, representing a **30%** premium above the last reported sale price of **$3.20** on September 29, 2025.  **[1710350_20250930CN86705:0]** 
- The net proceeds will primarily be used to **purchase Ethereum** and may be used for **general corporate purposes**.  **[1710350_20250930CN86705:0]**

Bit Digital Announces Pricing of Upsized Convertible Notes Offering

- **Bit Digital, Inc. (BTBT)** announced a proposed public offering of **$100 million** aggregate principal amount of **convertible senior notes due 2030**.  **[1710350_20250929CN85969:0]** 
- The company intends to grant the underwriters a 30-day option to purchase up to an **additional $15 million** aggregate principal amount of notes.  **[1710350_20250929CN85969:0]** 
- The **net proceeds** from the offering will primarily be used to **purchase Ethereum** and for general corporate purposes, including potential investments and acquisitions related to digital assets.  **[1710350_20250929CN85969:0]**

- Bit Digital, Inc. announced preliminary estimated and unaudited financial results for the two months ended August 31, 2025, with **revenue** between **$20.1 million and $22.2 million**, **cost of revenue** (exclusive of depreciation) between **$8.2 million and $9.0 million**, and **cash and cash equivalents** as of August 31, 2025, between **$163.7 million and $173.9 million**.  **[1710350_0001213900-25-093092_ea0259157-8k_bitdigital.htm:1]** 
- WhiteFiber, the company's high-performance computing subsidiary, updated its data center expansion timelines, with the **MTL-2** project near Montreal, Canada, now expected to be completed in the **first half of 2026** (previously Q4 2025), **MTL-3** in Saint-Jerome, Quebec, still expected in the **fourth quarter of 2025**, and **NC-1** in Madison, North Carolina, expected to be completed in the **first quarter of 2026** and generate revenue starting **May 2026**.  **[1710350_0001213900-25-093092_ea025915701ex99-1_bitdigital.htm:1]** **[1710350_0001213900-25-093092_ea0259157-8k_bitdigital.htm:2]** 
- WhiteFiber faces significant capital market and interest rate risks due to its capital-intensive nature, requiring additional debt financing to retrofit NC-1 and achieve its estimated 76 MW HPC data center capacity goal by the end of 2026.  **[1710350_0001213900-25-093092_ea025915701ex99-1_bitdigital.htm:5]**  Additionally, U.S. trade policies, including a **50% tariff on copper imports** announced in July 2025, could increase construction costs, disrupt supply chains, and impact labor for its North American data center projects.  **[1710350_0001213900-25-093092_ea025915701ex99-1_bitdigital.htm:8]**

Bit Digital, Inc. Reports Preliminary August 2025 Financials and WhiteFiber Project Updates

- WhiteFiber, Inc. reported **total revenue of $18.7 million** for the second quarter ended June 30, 2025, marking a **48% increase** year-over-year, with **Cloud services revenue growing 33%** to **$16.6 million**.  **[1710350_20250917NY75950:0]** 
- The company recorded an **Adjusted EBITDA of $3.3 million** for Q2 2025, compared to $7.0 million in the prior-year period, and a **net loss of $(8.8) million**.  **[1710350_20250917NY75950:0]** **[1710350_20250917NY75950:1]** 
- WhiteFiber completed its **Initial Public Offering (IPO) on August 8, 2025**, raising approximately **$183 million** in gross proceeds, with Bit Digital, Inc. retaining approximately **71.5%** ownership.  **[1710350_20250917NY75950:0]** 
- During the second quarter, WhiteFiber acquired a **one-million-square-foot data center** in North Carolina (NC-1) and entered into a debt facility with Royal Bank of Canada for up to **CAD $60 million** (approximately **USD $43.8 million**) to support datacenter development.  **[1710350_20250917NY75950:0]**

Bit Digital (BTBT)