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Jun 30, 2025
Bit Digital Q2 2025 Earnings Report
Bit Digital reported a return to profitability in Q2 2025, driven by gains on digital assets and strong cloud services revenue.
Key Takeaways
The company reported $25.7M in revenue and $14.9M in net income for Q2 2025, boosted by a $27.2M gain on digital assets. Cloud services led revenue generation as the firm continued transitioning into an Ethereum-native staking platform.
Revenue totaled $25.7M, down 11.7% YoY due to lower digital asset mining contributions
Net income reached $14.9M, reversing a $12M loss in Q2 2024
Adjusted EBITDA was $27.8M, driven by gains on digital assets
The company is transitioning to an Ethereum-native treasury and staking strategy
Revenue by Segment
Forward Guidance
Bit Digital is accelerating its shift to Ethereum-native staking, sunsetting bitcoin mining, and leveraging equity offerings to build a large ETH position.
Positive Outlook
- Strategic pivot to Ethereum treasury and staking model
- ETH holdings grew to over 121,000 ETH post-quarter
- WhiteFiber IPO completed, unlocking shareholder value
- Strong cash position of $181.2M for further ETH investments
- 105,015 ETH actively staked as of August 11, 2025
Challenges Ahead
- Total revenue declined YoY due to shrinking BTC mining
- ETH staking revenue remained flat despite ETH accumulation
- Bitcoin mining operations are being wound down
- Reduced digital asset holdings from $161.4M to $91.2M
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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