earnings
confidence high
sentiment negative
materiality 0.80
Bit Digital FY2025 revenue $113.6M; net loss $80.3M vs prior net income $28.3M
Bit Digital, Inc
- Total revenue $113.6M (+5% YoY); net loss $(80.3)M ($0.31 diluted loss) vs net income $28.3M ($0.19) in 2024.
- Digital asset mining revenue fell 53% to $27.3M; cloud services rose 50% to $68.8M; colocation up 555% to $8.9M; ETH staking up 287% to $7.0M.
- Adjusted EBITDA swung to $(24.9)M from $73.0M, driven by $29.2M digital asset loss vs prior $55.7M gain.
- Company continues transition to Ethereum treasury; holds majority stake in WhiteFiber (WYFI) after its August 2025 IPO.