secwatch.observer — SEC 8-K summary
======================================

Issuer:     Bit Digital, Inc (BTBT)
CIK:        0001710350
Form:       8-K
Filed at:   2026-03-31T23:59:59+00:00
Accession:  0001213900-26-037587
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bit Digital FY2025 revenue $113.6M; net loss $80.3M vs prior net income $28.3M
------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1710350/000121390026037587/0001213900-26-037587-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1710350/000121390026037587/ea0284345-8k_bitdigital.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-037587

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