Bit Digital prelim revenue $20-22M for Aug 2025; HPC data center timelines extended

Bit Digital, Inc

Preliminary revenue for two months ended Aug 31, 2025: $20.1-22.2M; cost of revenue $8.2-9.0M.
Cash and equivalents as of Aug 31, 2025: $163.7-173.9M.
WhiteFiber's MTL-2 expansion delayed to H1 2026; MTL-3 expected Q4 2025; NC-1 revenue start May 2026.
Updated risk factors highlight early-stage HPC business, competition, energy curtailment, AI adoption uncertainty, and capital needs for NC-1 buildout.

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