Despite strong growth in cloud, colocation, and ETH staking, the massive swing in digital asset performance from gain to loss drove a severe bottom-line miss. Traders should monitor whether future ETH price movements can reverse this trend, but the core mining wind-down and reliance on volatile crypto gains remain significant risks.
Price Chart
Executive Summary
Bit Digital reported FY2025 results with $113.6M revenue (5% YoY growth) but a net loss of $80.3M ($0.31 per share), a sharp decline from prior-year net income of $28.3M. The loss was driven by a $29.2M digital asset loss versus a $55.7M gain in 2024, despite strong growth in cloud, colocation, and ETH staking revenue.
Key Financial Metrics
Key Facts
- FY2025 revenue: $113.6M, up 5% YoY
- Net loss attributable to shareholders: $80.3M vs. $28.3M net income in 2024
- EPS: $(0.31) per diluted share
- Adjusted EBITDA: $(24.9)M vs. $73.0M in 2024
- Digital asset loss: $29.2M in 2025 vs. $55.7M gain in 2024
- ETH staking revenue: $7.0M, up 287% YoY
- Cloud services revenue: $68.8M, up 50% YoY
- Colocation revenue: $8.9M, up 555% YoY
- Digital asset mining revenue: $27.3M, down 53% YoY
Financial Impact
Net loss of $80.3M compared to prior-year net income of $28.3M, driven by $84.9M swing in digital asset gains/losses
Risk Factors
- High volatility in digital asset gains/losses
- Continued wind-down of bitcoin mining operations
- Concentration risk in ETH holdings and WhiteFiber stake
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-037587 |
| Document: ea0284345-8k_bitdigital.htm | 0001213900-26-037587 |
| Document: 0001213900-26-037587-index-headers.html | 0001213900-26-037587 |
| Document: 0001213900-26-037587-index.html | 0001213900-26-037587 |
| Document: 0001213900-26-037587.txt | 0001213900-26-037587 |
| 8-K Data (Synthetic) | 0001213900-26-037587 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 14, 2026 7w ago | Court Ruling | $1.57 $1.52 | ▼ −3.18% | ▼ −1.19% | $1.63 (+3.82%) |
Aug 13, 2026 7w ago | Press Release | $1.49 $1.59 | ▲ +6.71% | ▲ +8.46% | $1.63 (+9.40%) |
Aug 3, 2026 8w ago | 8-K | $1.38 $1.43 | ▲ +3.62% | ▲ +2.39% | $1.63 (+18.12%) |
Jul 20, 2026 10w ago | DEFA14A | $1.54 $1.60 | ▲ +3.90% | ▼ −0.22% | $1.63 (+5.84%) |
Jun 30, 2026 13w ago | 8-K | $1.80 $1.35 | ▼ −25.00% | ▼ −23.97% | $1.63 (−9.44%) |
Jun 17, 2026 15w ago | DEFA14A | $2.17 $1.47 | ▼ −32.26% | ▼ −32.79% | $1.63 (−24.88%) |
May 27, 2026 18w ago | 8-K | $2.03 $1.99 | ▼ −1.97% | ▲ +1.17% | $1.63 (−19.70%) |
Mar 31, 2026 26w ago | 8-K | $1.38 $1.45 | ▼ −5.07% | ▲ +4.65% | $1.63 (−18.12%) |
Feb 25, 2026 31w ago | 8-K | $1.78 $1.44 | ▲ +19.10% | ▲ +12.70% | $1.63 (+8.43%) |
US Market Status
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