earnings
confidence high
sentiment negative
materiality 0.70
Bit Digital Q2 2026: Revenue $32.1M, Net Loss $107.2M, ETH Treasury Strategy
Bit Digital, Inc
2026-Q2 EPS
reported -$0.75
vs consensus -$0.05
▼ miss
(-1534.0%)
- Total revenue $32.1M, up 15% QoQ; gross profit $18.6M (57.9% margin).
- Net loss attributable to shareholders $(107.2)M ($0.31/diluted share), hit by ~$86M non-cash items.
- Cloud services revenue $23.8M (+42% QoQ); remaining performance obligations ~$1.0B.
- Liquid staked 73,235 ETH for 66,192 LsETH; pledged 49,000 LsETH as collateral; $46.0M non-cash impairment on LsETH.
- Raised $50M against ETH treasury; provided WhiteFiber delayed draw facility up to $150M; holds 27M WYFI shares valued ~$1.05B.