Bit Digital expands Ethereum treasury while funding AI infrastructure growth
Bit Digital expands its Ethereum treasury while funding its expansion into artificial intelligence infrastructure
➤ Bit Digital has expanded its Ethereum holdings by purchasing approximately 8,568 ETH for $20 million, increasing its total holdings to over 158,000 ETH, positioning itself as a major institutional holder. ➤ The company also launched a $100 million financing facility through its subsidiary WhiteFiber, focused on AI infrastructure, which may offer yields exceeding traditional Ethereum staking. ➤ This dual strategy reflects a broader industry trend of digital asset companies diversifying beyond Bitcoin, investing in AI infrastructure, and exploring innovative treasury management techniques.