Loading...
•
Sep 30, 2025
Bit Digital Q3 2025 Earnings Report
Bit Digital reported strong revenue growth and returned to profitability in Q3 2025, driven by Ethereum staking and cloud services.
Key Takeaways
Bit Digital delivered $30.5 million in revenue and $146.7 million in net income in Q3 2025, marking a major turnaround from the prior year's loss. Gains in ETH staking and cloud services, along with digital asset appreciation, significantly boosted results.
Revenue rose to $30.5 million, up from $22.8 million in Q3 2024.
Net income reached $146.7 million, reversing a $38.8 million loss last year.
ETH staking revenue surged 542% to $2.9 million.
WhiteFiber consolidation and asset gains contributed to a $166.8 million adjusted EBITDA.
Revenue by Segment
Forward Guidance
Bit Digital expects minimal capex in mining while focusing capital on expanding its Ethereum treasury and staking initiatives.
Positive Outlook
- Massive increase in ETH held to 122,187 by Q3 end.
- ETH staking infrastructure scaled significantly, with 99,936 ETH staked.
- WhiteFiber’s IPO added substantial consolidated value.
- $146M in digital asset gains boosted earnings.
- Cash reserves increased to $179.1 million, strengthening liquidity.
Challenges Ahead
- Digital asset mining revenue declined 27% YoY due to network difficulty.
- Bitcoin mining is being wound down, reducing segment contribution.
- High dependency on ETH asset valuation and staking rewards.
- No operating income disclosed separately from net income.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...