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-0.0047196261682243 -0.0047196261682243 -0.00929906542056066 -0.00934579439252337 -0.00934579439252337 -0.0094392523364486 -0.0138785046728972 -0.014018691588785
Stock impact report

Bit Digital spins out AI unit as banks shy away from crypto exposure, CEO says [Yahoo! Finance]

Bit Digital, Inc. - Ordinary Share (BTBT) 
Company Research Source: Yahoo! Finance
separate its AI infrastructure business after concluding that investors and lenders evaluate high performance computing and digital assets through entirely different lenses. During a recent interview with TheStreet Roundtable Bit Digital CEO Sam Tabar said the decision to carve out the company's AI infrastructure unit, now operating as WhiteFiber, was driven by two core factors: investor alignment and access to credit. “There are two main reasons for us carving it out,” Tabar said. “The first is that high performance computing (HPC) is an institutional product and digital assets is more of a retail product. They're two very different audiences.” Related: Michael Saylor reveals 'greatest risk' to Bitcoin By separating the businesses, Tabar said Bit Digital was able to align each operation with investors who better understand their respective economics. “Now, WhiteFiber's shareholding is primarily institutional, and they understand the patience that's needed. They understand t Show less Read more
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