Wedoany.com Report on Feb 2nd, Sam Tabar, CEO of Bit Digital Inc., recently gave an interview detailing the company's strategic adjustments for 2025. The company has completely exited the Bitcoin mining sector, shifting its business focus to Ethereum assets and High-Performance Computing (HPC) business.
Tabar stated: "A few years ago, we were mainly engaged in Bitcoin mining, but after evaluation, we concluded it was not an ideal business model. We were one of the earliest companies in the industry to announce our exit, and although we faced skepticism at the time, this decision now appears to be correct." Currently, the company has spun off its original HPC/AI business into an independent company, WhiteFiber (NASDAQ:WYFI), in which it holds a 70% stake.
After completing the business restructuring, Bit Digital sold all its Bitcoin assets and instead purchased approximately $500 million worth of Ethereum. Tabar noted: "We possess both digital assets and an AI business, placing us at the intersection of two major current investment trends." Regarding the development of the AI business, he added: "WhiteFiber only completed its public listing last August, but business demand is extremely strong. Our advantage lies in being able to convert existing facilities into data centers within six months, which saves significant time and cost compared to building new projects."
Regarding the company's future plans, Tabar revealed: "Currently, we are not satisfied with our stock price performance. While we earn about a 3% return from Ethereum staking, it's not enough. In 2026, we plan to enhance EBITDA through mergers and acquisitions or other strategies, allowing investors to value the company based on earnings multiples rather than solely on net asset value." In terms of protecting shareholder value, the company has decided not to sell its WhiteFiber shares, even though the lock-up period ended on February 6th.
Tabar concluded by emphasizing: "We are exploring business opportunities that can generate alpha returns, meaning returns that are not dependent on Ethereum price fluctuations or WhiteFiber's revaluation. Recently, WhiteFiber signed an $865 million contract with Nscale and serves clients like Cerebus. Companies providing infrastructure support for the AI industry are finding good development opportunities, and we have unique advantages in this area." The company will continue to advance its strategic layout in the digital assets and artificial intelligence fields.
