9 Trending AI News Updates on Wall Street’s Radar

6. Bit Digital, Inc. (NASDAQ:BTBT)

Number of Hedge Fund Holders: 6

Bit Digital, Inc. (NASDAQ:BTBT) is a Bitcoin mining company that also focuses on AI and HPC business.

On February 6, Bit Digital announced that it rebranded its HPC business as WhiteFiber, Inc., which now includes its GPU Cloud and Enovum Data Centers operations. The move shows the company’s focus on meeting the growing demand for advanced, sustainable HPC and AI cloud infrastructure. WhiteFiber’s platform is designed to provide high performance, reliability, and efficiency for demanding workloads, while Bit Digital’s bitcoin mining and ETH staking businesses will continue under the original brand. CEO of Bit Digital, Sam Tabar said:

“Rebranding our HPC business to WhiteFiber is an important step in establishing a distinct identity for this transformative venture. WhiteFiber represents the convergence of cutting-edge technology and seamless connectivity, underscoring our commitment to delivering vertically integrated HPC solutions. By combining data center colocation with GPU cloud services, we provide the high-performance infrastructure required for the most demanding AI workloads. With this rebrand, we signal to our customers, partners, and investors that we are focused on building a platform of unmatched reliability, efficiency, and innovation. Our WhiteFiber business is currently servicing more than 20 customers compared to just 1 at the start of 2024. We look forward to expanding both our customer base and existing partnerships through industry-leading performance and reliability.”