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Bit Digital Announces IPO for Subsidiary WhiteFiber

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Bit Digital Announces IPO for Subsidiary WhiteFiber

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The latest announcement is out from Bit Digital ( (BTBT) ).

On June 25, 2025, Bit Digital, Inc. announced the proposed initial public offering of its wholly-owned subsidiary, WhiteFiber, Inc., which is subject to market conditions and regulatory review. Concurrently, Bit Digital revealed a strategic shift towards becoming a dedicated Ethereum staking and treasury company, marking a significant evolution in its business model. This transition involves selling or winding down its bitcoin mining operations to focus on Ethereum, aiming to enhance shareholder value through increased ETH holdings and staking income.

The most recent analyst rating on (BTBT) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on Bit Digital stock, see the BTBT Stock Forecast page.

Spark’s Take on BTBT Stock

According to Spark, TipRanks’ AI Analyst, BTBT is a Neutral.

Bit Digital’s overall stock score reflects a mix of strengths and challenges. The company’s robust financial and strategic initiatives in cloud services and data centers are positive, but these are counterbalanced by financial instability and a negative valuation outlook. Corporate events support growth, while earnings call insights reveal operational risks, leading to a moderate overall score.

To see Spark’s full report on BTBT stock, click here.

More about Bit Digital

Bit Digital, Inc. operates in the cryptocurrency industry, focusing on Ethereum staking and treasury management. The company is transitioning to become a pure play Ethereum company, leveraging its expertise in the Ethereum ecosystem to drive growth through staking rewards and ETH accumulation.

Average Trading Volume: 13,997,343

Technical Sentiment Signal: Sell

Current Market Cap: $508.8M

For a thorough assessment of BTBT stock, go to TipRanks’ Stock Analysis page.

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