Bit Digital reported a $146.7 million loss for Q1 2026, driven by lower ether prices and a strategic pivot towards Ethereum and AI infrastructure. The company expanded its Ethereum treasury to 155,444 ETH, valued at approximately $327 million, while reducing its focus on bitcoin mining. Revenue from Ethereum staking reached $2.3 million, despite a 29% decline due to weaker ether prices. The Nasdaq-listed firm is transitioning from bitcoin mining to emphasize Ethereum and AI, with its subsidiary Whitefiber valued at $322 million. Total revenue fell 13.6% to $27.9 million, impacted by reduced cloud services and digital asset mining activity. CEO Sam Tabar highlighted the integration of Ethereum and AI as key to the future digital financial system, positioning Ethereum as a settlement layer for automated, on-chain transactions.