CoreWeave, Barrick Mining, FedEx, and Other Major Stocks Rise on Friday
U.S. Stock Market Performance: U.S. stocks rose on Friday, with the Nasdaq Composite gaining over 100 points, driven by significant increases in various stocks, including CoreWeave, which saw a 4.8% rise after a Buy rating from Loop Capital.
Notable Stock Gains: Several companies experienced substantial stock price increases, such as Quantum Computing Inc. (+22.5%), WhiteFiber, Inc. (+17.6%), and Serve Robotics Inc. (+17%), reflecting positive analyst ratings and market momentum.
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Company Overview: BitDigital, Inc. is a cryptocurrency mining company focused on Bitcoin and Ethereum mining operations.
Recent Developments: The company reported a significant amount of Ethereum held, totaling approximately 155,434.4 ETH as of February 28, 2026.

- Ethereum Holdings: As of January 31, 2026, Bit Digital held 155,239.4 ETH valued at approximately $380.2 million, significantly down from an average acquisition cost of $3,045, highlighting the market volatility risks faced by the company.
- Staking Yield Analysis: By staking about 138,266 ETH, or 89% of its holdings, the company generated rewards of 344 ETH in January, resulting in an annualized yield of approximately 2.9%, demonstrating its earning capacity in the cryptocurrency market.
- Equity Strategy Reinforcement: Despite the IPO lockup expiration on February 2, 2026, Bit Digital reiterated it will not sell its 27 million shares of WhiteFiber (WYFI), which had a market value exceeding $527.6 million, establishing a key pillar in the company's balance sheet.
- Diversified Revenue Model: Bit Digital aims to diversify its income sources in the blockchain and high-performance computing sectors through services like digital asset mining, Ethereum staking, and AI-focused cloud computing, combining crypto treasury exposure with infrastructure platforms.
- Centene Guidance Miss: Centene's full-year revenue guidance of $186.5 billion to $190.5 billion fell short of the $194.1 billion consensus, leading to a 5% drop in shares, indicating pressure in the health insurance sector.
- AI Infrastructure Stocks Surge: Companies linked to AI infrastructure, such as Lumen Technologies and Applied Digital, saw stock prices rise by at least 20%, reflecting a recovery in investor confidence after a week of selling, potentially signaling a shift in market sentiment.
- Viasat Earnings Beat: Viasat reported adjusted earnings of $0.79 per share for the third quarter, up from $0.11 a year earlier, with shares gaining about 10%, as the company anticipates double-digit operating cash flow growth in 2026, showcasing a strong business outlook.
- Roblox Optimistic Forecast: Roblox expects full-year bookings between $8.28 billion and $8.55 billion, exceeding the $7.87 billion consensus, resulting in a 12% stock increase, indicating robust performance in the online gaming market and future growth potential.
- Ethereum Holdings: As of January 31, 2026, Bit Digital holds approximately 155,239.4 Ethereum, with a market value of around $380.2 million based on a closing price of ~$2,449, indicating significant investment in crypto assets.
- Average Acquisition Cost: The company's total average acquisition price for Ethereum is approximately $3,045, suggesting potential unrealized losses at current market prices, which could impact future financial performance.
- Staking Overview: As of January 31, 2026, Bit Digital has staked about 138,266 Ethereum, representing approximately 89% of its total holdings, reflecting a proactive strategy in leveraging Ethereum staking for yield generation.
- Yield Performance: During the staking operations, Bit Digital generated approximately 344.0 Ethereum in rewards, with an annualized yield of ~2.9%, demonstrating the company's efforts to seek stable returns in the cryptocurrency market.
- Ethereum Holdings: As of January 2026, Bit Digital holds approximately 15,236.4 ETH and ETH-equivalents in an externally managed fund, indicating the company's active participation in the Ethereum ecosystem aimed at generating protocol-native yield through staking.
- Strategic Asset Company Positioning: Bit Digital, as a Strategic Asset Company, focuses on active involvement in Ethereum infrastructure while controlling equity exposure to AI/HPC infrastructure through its majority stake in WhiteFiber, enhancing its competitive edge in the market.
- Capital Allocation Strategy: The company emphasizes long-duration foundational infrastructure investments and disciplined balance sheet management, a strategy that not only stabilizes its financial condition but also maintains a competitive advantage in a volatile market environment.
- Investment Risk Advisory: Bit Digital cautions investors about the high risks associated with investing in its securities, urging careful consideration of risk factors and uncertainties, especially in the current market climate where historical financial performance may not reliably predict future results.
- Investment Strategy Reaffirmed: Bit Digital has reaffirmed that it will not sell its approximately 27 million shares of WhiteFiber in 2026, indicating that its investment is viewed as a core strategic holding, which enhances market confidence in its long-term growth.
- Lockup Period Expiration: With the expiration of the IPO lockup period on February 2, 2026, Bit Digital will continue to hold its shares, demonstrating the company's commitment to AI infrastructure and strong alignment with other shareholders.
- Risk Management Activities: Bit Digital may engage in limited treasury risk management activities, including derivative transactions, but these are intended to maintain its long-term ownership in WhiteFiber rather than monetize its investment.
- CEO Commentary: CEO Sam Tabar emphasized that WhiteFiber is central to the company's long-term strategy, reflecting Bit Digital's strong positioning within the Ethereum ecosystem aimed at providing secure and scalable on-chain yield.









