Bit Digital Q2 revenue misses expectations

Bit Digital,

14/08/2025 21:10

Overview

Bit Digital fiscal Q2 revenue fell 11.7%, missing analyst expectations, per LSEG data

Adjusted EBITDA for fiscal Q2 beats consensus, driven by gains on digital assets

Company transitions to focus on Ethereum treasury and staking strategies

Outlook

Bit Digital aims to build large on-chain ETH balance sheet

Company expects to generate attractive staking yields for shareholders

Result Drivers

ETH STRATEGY - Transition to Ethereum treasury and staking strategies drove significant growth in ETH holdings and staking rewards

MINING DECLINE - Digital asset mining revenue fell 58.8% due to increased network difficulty and halving event

CLOUD SERVICES GROWTH - Revenue from cloud services increased 32.8%, contributing to offsetting declines in other areas

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$25.70 mln
$27.50 mln (5 Analysts)
Q2 Adjusted EBITDA
Beat
$27.80 mln
$7.12 mln (4 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the blockchain & cryptocurrency peer group is "buy"

Wall Street's median 12-month price target for Bit Digital Inc is $5.75, about 44.9% above its August 13 closing price of $3.17

Press Release: ID:nPn6GL65Ma

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)