secwatch.observer — SEC 8-K summary
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Issuer:     Bit Digital, Inc (BTBT)
CIK:        0001710350
Form:       8-K
Filed at:   2026-08-13T13:24:55+00:00
Accession:  0001213900-26-088768
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bit Digital Q2 2026: Revenue $32.1M, Net Loss $107.2M, ETH Treasury Strategy
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1710350/000121390026088768/0001213900-26-088768-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1710350/000121390026088768/ea0301811-8k_bitdigital.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-088768

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