Bit Digital Q3 revenue slightly beats estimates

Bit Digital,

14/11/2025 13:38

Overview

Bit Digital Q3 revenue grows 33% yr/yr, slightly beating analyst expectations

Adjusted EBITDA for Q3 beats estimates, driven by gains on digital assets

Company transitioning to Ethereum treasury and staking, winding down bitcoin mining

Outlook

Company is transitioning to a pure-play Ethereum treasury and staking strategy

Bit Digital expects minimal growth in Bitcoin mining segment

Company aims to increase ETH density and maintain balance sheet strength

Result Drivers

ETH STAKING GROWTH - Revenue from ETH staking increased 542% due to higher staking rewards and realized ETH price

CLOUD SERVICES EXPANSION - Revenue from cloud services grew 48% yr/yr

BITCOIN MINING DECLINE - Revenue from digital asset mining decreased 27% due to increased network difficulty and reduced hash rate

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
$30.50 mln
$30.30 mln (5 Analysts)
Q3 EPS
$0.47
Q3 Adjusted EBITDA
Beat
$166.80 mln
$11.22 mln (4 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 56.2% above its November 13 closing price of $2.52

Press Release: ID:nPn9Vf3Nza

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)