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Jun 30
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
Bit Digital
Bit Digital
Bit Digital Revenue by Segment
Revenue by Segment
Digital Asset Mining Revenue
CapyFin.comCloud Services Revenue
CapyFin.comColocation Services Revenue
CapyFin.comETH Staking Revenue
CapyFin.com 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
- No detailed guidance provided for Q3 or full-year outlook