Bit Digital, Inc. - Ordinary Share (BTBT) Covered Calls

Bit Digital is a strategic asset company focused on Ethereum infrastructure and AI cloud services. Following its 2026 exit from Bitcoin mining, the company manages one of the largest institutional-grade ETH staking treasuries to generate on-chain yield. Through its majority stake in WhiteFiber (WYFI), Bit Digital also provides specialized high-performance computing solutions and data center capacity to power the growing global demand for AI and machine learning workloads.

You can sell covered calls on Bit Digital, Inc. - Ordinary Share to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for BTBT (prices last updated Thu 1:45 PM ET):

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Bit Digital, Inc. (BTBT) has redefined itself as a "Strategic Asset Company" (SAC) at the intersection of blockchain and artificial intelligence. By early 2026, the company successfully completed its exit from the Bitcoin mining sector to focus exclusively on Ethereum-native treasury management and AI infrastructure. This pivot aims to replace the high capital intensity and cyclicality of mining with stable, yield-bearing assets and long-term infrastructure contracts.

The company’s Ethereum strategy is built around one of the largest public ETH treasuries, which reached approximately 155,239 ETH by February 2026. Bit Digital utilizes institutional-grade validators to stake its holdings, targeting a native yield of 3% to 4%. This provides shareholders with direct exposure to the Ethereum network’s growth while generating continuous, protocol-native revenue independent of traditional market volatility.

Competitive Landscape

Bit Digital operates between pure-play crypto firms and specialized data center providers. Its primary competitors in the staking space include Coinbase Global and HIVE Digital Technologies. Following its AI pivot, it is also benchmarked against infrastructure peers like Cipher Mining and CleanSpark.

The company also tracks against broader tech-service firms like Coherent Corp. and data-heavy insurance plays like Progressive. Bit Digital’s competitive advantage lies in its majority ownership of WhiteFiber (WYFI), which went public in August 2025. This stake provides a non-dilutive capital lever, allowing Bit Digital to expand AI capacity without the heavy equity dilution typical of smaller crypto-infrastructure firms.

Strategic Outlook and Innovation

The strategic outlook for Bit Digital in 2026 is defined by scaling its "Intelligence Infrastructure" through WhiteFiber. Innovation is driven by a massive $865 million, 10-year contract with Nscale, which began contributing to revenue in early 2026. The company is targeting over 75 MW of AI-ready capacity by late 2026, a significant increase from its 11 MW footprint in 2025, to meet surging GPU-intensive demand.

Financially, Bit Digital entered 2026 with a strengthened balance sheet, having utilized a $150 million convertible note offering to finalize its transition into a pure-play Ethereum treasury. With a market capitalization near $540 million in early 2026, the company is focused on closing the "mNAV discount" between its share price and the fair market value of its ETH and WhiteFiber holdings. Management has committed to retaining its WYFI stake through 2026, signaling a long-term focus on foundational infrastructure.

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