secwatch.observer — SEC 8-K summary
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Issuer:     Bit Digital, Inc (BTBT)
CIK:        0001710350
Form:       8-K
Filed at:   2025-11-14T23:59:59+00:00
Accession:  0001213900-25-110283
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bit Digital Q3 net income $146.7M on Ethereum treasury pivot; revenue up 33%
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- Revenue $30.5M (+33% YoY); net income $146.7M vs loss of $38.8M; adj. EBITDA $166.8M.
- ETH holdings grew to 153,547 by Oct 31, valued at ~$590.5M; 132,480 ETH actively staked.
- WhiteFiber (70.7% owned) contributed via cloud services revenue of $18.0M (+48% YoY).
- Bitcoin mining revenue fell 27% to $7.4M; mining being wound down, active hash rate ~1.9 EH/s.
- Cash and digital assets totaled $602.8M as of Sep 30; raised $150M convertible notes in Oct.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1710350/000121390025110283/0001213900-25-110283-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1710350/000121390025110283/ea0265645-8k_bitdigital.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-110283

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer