Bit Digital (BTBT) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Fri, May 15, 2026 astatine 10:21 AM CDT 15 min read

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Date

Friday, May 15, 2026 astatine 10 a.m. ET

Call participants

• Chief Executive Officer — Samir Tabar

• Chief Financial Officer — Erke Huang

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Full Conference Call Transcript

Samir Tabar: Thank you, Daniel, and convey you, everyone, for joining us. Before I begin, I would similar to widen a manus of invited to our caller Head of Investor Relations, Daniel Kennedy. He was formerly a Board member, advisor and manager to publically listed companies crossed the integer asset, crypto, fintech, and AI infrastructure sectors. Welcome aboard, Daniel, and we look guardant to your abilities to stock the BitDigital communicative and trajectory to our shareholders. Bit Digital continued advancing its strategical plus modulation during the archetypal quarter. Our concern contiguous is centered astir 3 verticals: Ethereum treasury and staking, AI infrastructure done WhiteFiber, and gathering durable currency travel done disciplined superior allocation. We judge these businesses complement each other.

Ethereum provides agelong word treasury vulnerability and staking yield. WhiteFiber provides vulnerability to AI infrastructure and compute demand. Over time, we expect further operating businesses to enactment recurring gross procreation crossed the platform. Starting with Ethereum. We proceed viewing Ethereum arsenic foundational infrastructure for integer assets and connected concatenation fiscal activity. Our attack remains disciplined. We are focused connected expanding easiness per stock implicit clip portion maintaining equilibrium expanse flexibility and superior efficiency. Turning to our WhiteFiber Holdings. WhiteFiber remains a coarse strategical plus for BitDigital. And provides captious vulnerability to AI infrastructure wherever request for compute continues to exceeding disposable supply. We expect these constraints to persist. Presenting opportunities which we judge we are uniquely positioned to capitalize on.

We proceed viewing WhiteFiber arsenic a agelong word holding and bash not mean to monetize the presumption successful 2026. Our institution has a agelong past of execution successful HPC delivering projects connected clip and connected fund to customers and partners. Importantly, Bit Digital continues to support a important ownership presumption successful WhiteFiber. The institution held astir 27 cardinal WhiteFiber shares with a worth of astir $322 cardinal arsenic of the March 2026. Turning concisely to mining. We continued reducing vulnerability to Bitcoin mining during the quarter. Mining remains currency travel generative. But it is nary longer a strategical maturation priority. Capital volition proceed shifting towards Ethereum and infrastructure related opportunities. Turning to the convergence and the constraint.