Complete List of All AI Companies Under $2 Billion Market Cap

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

Market Capitalization: $551.1 Million

Number of Hedge Fund Holders: 6

Bit Digital, Inc. (NASDAQ:BTBT) is a company focused on bitcoin mining, digital asset staking, and Ethereum staking activities. It also engages in treasury management and provides specialized cloud infrastructure services for AI applications. Bit Digital AI is a division of the company that focuses on offering tailored infrastructure to support the operations and processes involved in generative AI. The infrastructure is designed to meet the specific needs of AI workstreams.

Toward the end of December 2024, Bit Digital (NASDAQ:BTBT) announced the acquisition of real estate and a building in Montreal, Canada, for the development of a 5MW Tier-3 data center expansion. This move is part of the company’s broader strategy to grow its HPC data center capacity to 32MW in 2025. The site is also included in Bit Digital’s previously announced 288MW proprietary pipeline. The property was acquired for C$33.5 million.

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