Bit Digital, Inc (NASDAQ:BTBT) is among the best cryptocurrency stocks to buy right now. Bit Digital, Inc (NASDAQ:BTBT) continues to build its Ethereum business as it transitions away from Bitcoin mining operations. On April 7, the company announced that its Ethereum treasury holding stood at around 155,444.4 ETH at the end of March 2026. In dollar terms, the company said its Ethereum holding was worth $327 million. Bit Digital had 62% of its Ethereum holdings staked.

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On April 2, H.C. Wainwright reiterated a Buy rating on Bit Digital, Inc (NASDAQ:BTBT) stock with a price target of $7. The firm noted Bit Digital’s fiscal 2025 results and digital asset strategy for its renewed bullish view on the stock. Bit Digital is winding down its Bitcoin mining operations as it expands its Ethereum staking business and AI infrastructure service.

In fiscal 2025, Bit Digital’s revenue jumped 5% to $113.6 million. The company said the revenue increase was supported by growth in Ethereum staking and cloud service businesses. It further said the topline growth was partially offset by a 53% decline in digital asset mining revenue. This decrease was due to the company’s continuing wind-down of its Bitcoin business line.

Bit Digital’s Ethereum staking revenue jumped 287%, and cloud services revenue increased 50%. Colocation services revenue rose 555%.

Bit Digital, Inc (NASDAQ:BTBT) is a US digital assets and infrastructure company. Its digital assets unit focuses on acquiring, holding, and staking Ethereum. The infrastructure division provides data center services to support AI and high-performance computing services. Bit Digital has a majority stake in AI infrastructure provider WhiteFiber.

While we acknowledge the potential of BTBT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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