A "Bit" is a technical term for the smallest unit of data, therefore "Bit Burning" is a digital or modern day form of book burning. Bit burning is the ritual destruction of digital information which represents an element of censorship and and usually proceeds from a cultural, religious, or political opposition to the information in question.
"Facebook spent the entire morning bit burning my entire group with 500,000 subscribers. " or "Pinterest just bit burned the bible from their platform." or "Youtube just bit burned Dustin Nemos, Alex Jones, and Prager."