Highlights

• Bit Digital's most recent company results were published on 13 August 2026.

• Sector news included a Reuters report on 15 September that crypto stocks stayed lower after the US Senate failed to advance a regulatory bill.

• Revenue for the quarter was $32.1 million, up 15% from $27.9 million in the first quarter; first-half revenue was $60.0 million, up 18% year on year.

• The net loss attributable to shareholders was $107.2 million, or $0.31 per diluted share, against $146.7 million, or $0.45, in the first quarter.

Bit Digital (NASDAQ:BTBT)'s most recent company results were published on 13 August 2026. Since then, the news flow has been largely analyst and sector commentary: H.C. Wainwright assumed coverage with a Buy rating in early September, and Jones initiated with a Buy in late September, according to items listed on StockAnalysis.com. Those are third-party opinions.

Sector news included a Reuters report on 15 September that crypto stocks stayed lower after the US Senate failed to advance a regulatory bill. We have not found a more recent company-specific announcement, so this article rests on the second-quarter release.

Second-Quarter Results

Revenue for the quarter was $32.1 million, up 15% from $27.9 million in the first quarter; first-half revenue was $60.0 million, up 18% year on year. Gross profit was $18.6 million, a 57.9% margin. Cloud services contributed $23.8 million, up 42% sequentially, colocation $4.7 million, Bitcoin mining $2.4 million from 32.3 BTC mined and Ethereum staking $0.9 million, down from $2.3 million in the first quarter. Mining fell from 48.1 BTC in that quarter. Gross margins were about 58% in cloud, 63% in colocation and 26% in mining.

The net loss attributable to shareholders was $107.2 million, or $0.31 per diluted share, against $146.7 million, or $0.45, in the first quarter. The company said non-cash digital asset movements and non-operating items accounted for about $86 million of the loss, including a $46.0 million non-cash impairment on liquid-staked ether. Operating cash flow for the six months was $46.8 million. Tabar described the period as one that "was about capital allocation".

Ether Holdings, Whitefiber And Liquidity

At 30 June Bit Digital held about 164,310.5 ETH including ether-equivalents in an externally managed fund, with ETH at about $1,569. Its 27,043,750 WhiteFiber shares had an implied value of about $1.05 billion at $38.85 a share. Chief executive Sam Tabar said: "We are not trying to hold the most ETH. We are trying to get the most out of the ETH we hold."

Cash was about $83.6 million, of which $56.1 million sat at WhiteFiber, and convertible notes were $336.2 million. WhiteFiber, the cloud and high-performance computing business, reported remaining performance obligations of about $1.0 billion and new multi-year cloud agreements above $540 million in contract value. Bit Digital also provided WhiteFiber with a delayed-draw term facility of up to $150 million. Contract liabilities were $143.1 million. It bought 8,568 ETH on 11 May for $20 million, sold none, and raised $50 million of liquidity against its ETH.

What To Watch

Mr Tabar said the market "continues to value Bit Digital primarily as a passive digital asset treasury". Investors may follow whether growth in cloud services and colocation changes that framing, whether the NC-1 site reaches full run-rate billing on 40 MW of contracted IT load, which the company said it expected in August, and how ether prices affect reported results.

Other points include the convertible notes, the WhiteFiber share price, which drives the implied value of the stake, and the next quarterly report, whose date we did not confirm. The company's own statement is that digital asset movements dominated the second-quarter loss.