Bit Digital Inc Stock Price, News & Analysis

Bit Digital (Nasdaq: BTBT) reported Q3 2025 results showing a strategic shift to an Ethereum-native treasury and staking model. Total revenue was $30.5M (+33% YoY) with ETH staking revenue rising to $2.9M (+542% YoY). The company consolidated results of WhiteFiber (70.7% ownership) and held 27,043,750 WhiteFiber shares valued at ~$734.8M as of Sept 30, 2025. Net income was $146.7M ($0.47 diluted EPS) and adjusted EBITDA was $166.8M (includes $146.0M digital asset gains). Cash totaled $179.1M and digital assets were $423.7M as of Sept 30, 2025. ETH holdings grew to 153,547 ETH by Oct 31, 2025, funded partly by a $150M convertible notes offering.

Bit Digital (Nasdaq: BTBT) will release its financial results for the third quarter ended September 30, 2025, before market open on Friday, November 14, 2025.

Senior management will host a live webcast and conference call to discuss the results at 9:00 a.m. Eastern Time on November 14, 2025. The earnings release will be posted on the company website at www.bit-digital.com prior to the start of the call.

Bit Digital (Nasdaq: BTBT) reported October 2025 monthly Ethereum treasury and staking metrics. As of October 31, 2025, the company held approximately 153,546.9 ETH with a market value of about $590.5M at a closing ETH price of $3,845.79. During October the company acquired 31,057.3 ETH and staked an additional 32,544 ETH.

Total average ETH acquisition price was $3,045.14. Total staked ETH was ~132,480, representing ~86.3% of holdings. Staking generated ~249 ETH in rewards during the period, an annualized yield of ~2.93%. Shares outstanding were 322,140,256. The company also holds ~27.0M WhiteFiber (WYFI) shares valued at ~$917.7M as of October 31, 2025.

Bit Digital (Nasdaq: BTBT) used net proceeds from a $150 million convertible notes offering to buy approximately 31,057 ETH, bringing its total holdings to about 150,244 ETH.

The notes were priced with an initial conversion price of $4.16, an 8.2% premium to the company's estimated mark-to-market net asset value (mNAV $3.84 per share as of Sept 29, 2025). mNAV was calculated from 121,252 ETH valued at $4,229 each and 27,043,749 WYFI shares valued at $26.74, for a combined value of approximately $1.236 billion on 321.4 million shares outstanding.

Bit Digital (Nasdaq: BTBT) reported its September 2025 Ethereum treasury and staking metrics. As of September 30, 2025, the company held approximately 122,187 ETH with a market value of about $506.6 million (ETH close $4,145.99). Total average ETH acquisition price was $2,643.27. The company had ~99,936 ETH staked (~81.8% of holdings), generating ~291 ETH in rewards for an annualized yield of ~3.37%. Shares outstanding were 321,435,847. Subsequent to Sept 30, Bit Digital completed a $150 million convertible notes offering to fund additional ETH purchases.

Bit Digital (NASDAQ:BTBT) has announced the pricing of its upsized convertible senior notes offering, totaling $135 million with a 4.00% interest rate and maturity date of October 1, 2030. The company has also granted underwriters a 30-day option to purchase an additional $15 million in notes.

The notes will be convertible at an initial rate of 240.3846 shares per $1,000 principal amount, equivalent to a conversion price of $4.16 per share, representing a 30% premium over the last reported share price of $3.20. The company expects net proceeds of approximately $128.9 million, which will primarily be used to purchase Ethereum and for general corporate purposes.

The offering, led by Barclays, Cantor, and B. Riley Securities as joint book-running managers, is expected to close on October 2, 2025.

Bit Digital (NASDAQ:BTBT) has announced a proposed registered underwritten public offering of $100 million in convertible senior notes due 2030. The company is also granting underwriters a 30-day option to purchase up to an additional $15 million in notes to cover over-allotments.

The notes will be senior, unsecured obligations maturing on October 1, 2030, with holders having the option to convert prior to maturity. Upon conversion, Bit Digital may pay in cash, ordinary shares, or a combination thereof. The net proceeds will primarily be used to purchase Ethereum and for general corporate purposes.

The offering is being managed by Barclays, Cantor, and B. Riley Securities as joint lead book-running managers, and will be conducted through an effective shelf registration statement on Form S-3.

WhiteFiber (Nasdaq: WYFI), an AI infrastructure and HPC solutions provider, reported its Q2 2025 financial results, marking its first earnings release as a public company following its August IPO. The company achieved total revenue of $18.7 million, up 48% year-over-year, with cloud services revenue of $16.6 million (+33% YoY) and colocation services revenue of $1.7 million.

Key developments include the completion of its IPO raising $183 million, with Bit Digital (Nasdaq: BTBT) maintaining 71.5% ownership, acquisition of a one-million-square-foot data center in North Carolina (NC-1), and securing a CAD $60 million debt facility with Royal Bank of Canada. The company also began installing wafer-scale systems for Cerebras under a 5MW IT load contract.

Financial metrics show gross profit of $11.5 million and Adjusted EBITDA of $3.3 million, though the company reported a net loss of $8.8 million for the quarter.

Bit Digital (NASDAQ:BTBT) has released its Ethereum treasury and staking metrics for August 2025. The company held 121,252 ETH with a market value of approximately $532.5 million based on the August 31 closing price of $4,391.91.

The company has staked ~105,031 ETH, representing 86.6% of its total holdings. These staking operations generated 249 ETH in rewards during August, achieving an annualized yield of 2.94%. Additionally, Bit Digital maintains ownership of approximately 27.0 million WhiteFiber (WYFI) shares and reports 321,432,722 shares outstanding.