Bit Digital (BTBT) Shifts to Ethereum Treasury and AI Infrastructure Strategy

Bit Digital, Inc. (NASDAQ:BTBT) is one of the best AI penny stocks to buy right now. On February 6, Bit Digital, Inc. (NASDAQ:BTBT) disclosed its Ethereum, or ETH, treasury and staking results for January 2026, and reported that, as of the end of the month, it held approximately 155,239.4 ETH in total crypto treasury. Based on the $2,449 closing price for ETH on January 31, the market value of the company’s holdings was approximately $380.2 million.

Bit Digital stated that the average acquisition cost for its entire ETH position was around $3,045 per token. It added that about 138,266 ETH, roughly 89% of its holdings, was staked with Ethereum network validators by month-end. Staking operations generated approximately 344.0 ETH in rewards during the month, stated Bit Digital, and added that this corresponds to an annualized yield of roughly 2.9% on the staked ETH balance.

In late January, Bit Digital said it was transitioning away from Bitcoin mining and redirecting its business toward Ethereum-centric activities. It is also making in-roads in artificial intelligence infrastructure. The company explained that the developments in its operations throughout 2025 and early 2026 informed this direction.

Management described the company’s evolution into what it called a “Strategic Asset Company” centered on Ethereum treasury, staking and AI infrastructure growth. It is no longer a traditional mining company, management noted. The company exited the Bitcoin mining business, concluding that the exercise had become less efficient use of capital. Instead, it would focus on more scalable and yield-oriented opportunities tied to Ethereum and compute infrastructure.

Bit Digital, Inc. (NASDAQ:BTBT) is a digital infrastructure company that integrates artificial intelligence into its GPU-based computing operations. The firm operates data centers across North America that support AI workloads alongside its established Bitcoin mining business.

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Disclosure: None. This article is originally published at Insider Monkey.