Welcome to our dedicated page for Bit Digital news (Ticker: BTBT), a resource for investors and traders seeking the latest updates and insights on Bit Digital stock.
Bit Digital, Inc. reports company developments around its role as a Strategic Asset Company focused on Ethereum infrastructure and AI/HPC infrastructure exposure. Recurring updates cover ETH treasury balances, staking activity, protocol-native rewards, and the company’s participation in the Ethereum network.
News also includes financial results, conference-call announcements, shareholder communications, governance and investor-relations changes, and updates tied to Bit Digital’s majority ownership stake in WhiteFiber, a separately managed public company focused on AI and high-performance computing infrastructure.
Bit Digital (Nasdaq: BTBT) reported second quarter 2026 revenue of $32.1 million, up 15% from $27.9 million in Q1, with gross profit of $18.6 million and a gross margin of 57.9%. Consolidated results include WhiteFiber (Nasdaq: WYFI), with a portion attributable to non-controlling interests.
Cloud services revenue reached $23.8 million, up 42% sequentially, while colocation revenue was $4.7 million, essentially flat quarter over quarter. ETH staking revenue fell to $0.9 million from $2.3 million, and digital asset mining revenue was $2.4 million on 32.3 bitcoin mined as that business continues to wind down.
Net loss attributable to Bit Digital shareholders was $(107.2) million, or $(0.31) per diluted share, versus $(146.7) million in Q1, with around $86 million from non-cash and non-operating items. For the first half of 2026, operating cash flow was $46.8 million, up 33% year over year, and cash and equivalents totaled $83.6 million. The company held about 164,310.5 ETH and 27,043,750 WhiteFiber shares, with remaining performance obligations of roughly $1.0 billion.
Bit Digital (Nasdaq: BTBT) will release its financial results for the second quarter ended June 30, 2026, before the market opens on Thursday, August 13, 2026. Senior management will host a live webcast and conference call to discuss the results at 10:30 a.m. Eastern Time the same day.
Bit Digital (Nasdaq: BTBT) announced its 2026 Annual General Meeting of Shareholders will be held on July 29, 2026 at 9:00 a.m. ET.
The AGM will be conducted both in person and virtually, with shareholders of record on April 30, 2026 entitled to vote. The company has filed its Definitive Proxy Statement with the SEC.
BRC Specialty Finance, the direct lending platform of BRC Group Holdings (NASDAQ: BILY) and B. Riley Securities, announced that B. Riley Securities has assumed a $20 million advance under a $100 million senior secured delayed draw term loan originated by Bit Digital (NASDAQ: BTBT) to Enovum NC-1 Venture, an indirect subsidiary of WhiteFiber (NASDAQ: WYFI).
The 90-day assigned advance is expected to bridge the borrower to anticipated permanent institutional financing and may fund the first phase buildout of an AI-driven HPC data center in Madison, North Carolina and other growth initiatives. BRC Group also completed a separate $10 million receivables-backed purchase agreement with a publicly traded technology company.
Bit Digital (Nasdaq: BTBT) announced it purchased approximately 8,568 Ethereum (ETH) for $20 million on May 11, 2026, at an average cost of $2,334.25 per ETH.
This brings Bit Digital’s holdings to about 158,461.75 ETH, reinforcing its position among major public Ethereum holders and aligning with its strategy across Ethereum ecosystem, AI/HPC infrastructure, and strategic acquisitions.
Bit Digital (Nasdaq: BTBT) originated and is lending under a $100 million delayed draw term loan facility to a WhiteFiber (Nasdaq: WYFI) subsidiary, with potential expansion to $150 million. The financing, backed by an Ethereum-denominated secured credit facility, is intended to support WhiteFiber's AI/HPC growth and enhance Bit Digital's treasury returns beyond traditional ETH staking, subject to comprehensive board and independent committee review.
WhiteFiber (Nasdaq: WYFI) entered into a $100 million delayed draw term loan facility with Bit Digital Capital, a subsidiary of Bit Digital (Nasdaq: BTBT). The facility can increase to $150 million and is designed to support near-term growth in data centers and cloud services.
According to WhiteFiber, the proceeds may fund general corporate purposes, including the first phase buildout of an HPC data center in Madison, North Carolina, alongside other growth initiatives and permanent financing efforts.
Bit Digital (Nasdaq: BTBT) reported Q1 2026 revenue of $27.9 million, down 13.6% from Q4 2025, reflecting lower cloud, ETH staking, and digital asset mining revenue.
Net loss attributable to shareholders was $146.7 million, while adjusted EBITDA was $(9.4) million. Segment gross profit reached $15.4 million with high margins across cloud, colocation, and ETH staking.
Bit Digital held about 155,444.4 ETH (market value ~$327.0 million) and 27,043,750 WhiteFiber shares valued at ~$322.1 million, and continued shifting strategy toward Ethereum and AI/HPC infrastructure.
Bit Digital (NASDAQ: BTBT) appointed Daniel Kennedy as Head of Investor Relations, succeeding Cameron Schnier, effective May 11, 2026. Schnier will become a strategic advisor while continuing to lead investor relations for WhiteFiber (NASDAQ: WYFI).
Kennedy’s capital markets and digital asset experience is expected to support shareholder communications as Bit Digital scales its Ethereum and AI/HPC infrastructure strategies.
Bit Digital (Nasdaq: BTBT) will release first quarter 2026 financial results for the period ended March 31, 2026, after market close on Thursday, May 14, 2026. Senior management will host a live webcast and conference call at 10:00 a.m. ET on Friday, May 15, 2026. The earnings release will be posted on the company website prior to the call. Call dial-in and passcode are provided for investors and analysts.