Bit Digital (NASDAQ:BTBT) is a U.S.-based digital asset mining company focused on the proof-of-work process that underpins the Bitcoin network. The company acquires, operates and deploys high-performance ASIC mining machines to generate newly minted bitcoins, positioning itself as a vertically integrated miner with a focus on scale and efficiency. Bit Digital’s core operations include the procurement, deployment, maintenance and optimization of mining hardware across its global facilities.
Since its founding in 2018, Bit Digital has built a geographically diversified footprint to capitalize on low-cost power markets and renewable energy sources. Key mining sites are located in North America, including Texas and Washington State, as well as in Northern Europe, with facilities in Norway and Sweden. By balancing its portfolio of sites, the company seeks to mitigate regional power volatility and regulatory risk while maximizing uptime and hash rate performance.
Bit Digital’s services extend beyond simple coin generation. It leverages proprietary monitoring and analytics platforms to optimize power consumption, thermal management and hardware deployment. This technological focus allows the company to scale operations swiftly, respond to changing network difficulty and pursue continuous improvement in operational efficiency. The company also evaluates opportunities for hosting third-party miners at select sites.
Led by Chief Executive Officer Michael Levitt and Chief Financial Officer Craig Salm, Bit Digital’s management team brings deep expertise in blockchain infrastructure, renewable energy procurement and financial compliance. The company remains committed to transparency and governance practices typical of public issuers, with regular disclosures on operational metrics, sustainability initiatives and corporate strategy as it seeks to build long-term shareholder value in the evolving digital asset landscape.
