BIT DIGITAL INC. DL -,01

Bit Digital redefined itself as a strategic asset company, using Ethereum holdings as collateral to secure a $150 million delayed-draw facility for WhiteFiber while avoiding equity dilution. Management is winding down legacy Bitcoin mining to focus on recurring cash-flow assets and reported a 42% sequential increase in Cloud Services revenue as new contracts ramped. The NC1 facility is expected to hit full contracted billing under a 10‑year agreement (~$865 million total), with about $1 billion in remaining performance obligations supporting future visibility. A $107 million net loss was driven mainly by non‑operating mark‑to‑market and derivative impacts, including a $46 million non‑cash impairment on liquid staked ETH; the board is discussing buybacks and a covered‑call program on WhiteFiber while committing not to sell WhiteFiber shares through 2026. » More on finance.yahoo.com

Bit Digital originated a $100 million delayed-draw term loan facility for a WhiteFiber subsidiary, expandable to $150 million, to support the AI infrastructure firm’s near-term growth. Bit Digital plans to fund advances via an Ethereum‑denominated secured credit facility, retaining ETH exposure while earning a financing spread it says should outperform traditional staking yields. Separately, the company purchased ~8,568 ETH for $20 million and now holds about 158,462 ETH; the transaction was approved by the board and backed by fairness opinions. » More on finance.yahoo.com

Bit Digital is acting as lender of a delayed-draw credit facility of $100 million for its majority-owned WhiteFiber; the facility can be expanded to $150 million. Part of the term loans was sold to B. Riley Securities. Bit Digital plans to fund disbursements in whole or in part via a secured, Ethereum‑denominated credit facility to maintain ETH exposure while generating financing income. The transaction was approved by the board of directors after review by an independent committee and is intended to support WhiteFiber’s near-term growth initiatives. » More on de.investing.com

Bit Digital's ETH staking revenue rose 287% year over year to $7.0 million, driven by higher staking rewards, expanded staked balances and stronger average ETH prices. Craig-Hallum cut its price target to $3 from $4 but kept a Buy rating, citing a steep market discount to modified net asset value. The analyst highlighted market skepticism around Bit Digital's majority stake in WhiteFiber as the main cause of a 0.63 times book valuation and warned that equity raises would be highly dilutive. » More on finance.yahoo.com

Bit Digital cut the portion of its Ethereum holdings allocated to staking in March to increase liquidity and reassess capital allocation. The company held about 155,444 ETH (≈$327 million at March close) with an average acquisition cost of $3,045 per ETH; roughly 96,322 ETH (62%) remained staked. Staking generated ~291 ETH in the period (annualized yield ~2.9%). Bit Digital also reported ownership of ~27 million WhiteFiber shares (≈$322 million) and had 326.6 million shares outstanding as of March 31. » More on finance.yahoo.com