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 (BTBT) returned to profitability in the third quarter of 2026, reporting net income attributable to shareholders of $28.5 million. Diluted earnings were $0.08 per share, versus a $0.31 loss in the second quarter. Revenue fell 11% year over year to $27.1 million, while gross margin was 56.1%. Colocation revenue rose 232% year over year to $5.6 million; mining and ETH staking revenue declined.
Consolidated cash reached $143.5 million, including $138.5 million at majority-owned WhiteFiber (WYFI). Convertible notes totaled $445.3 million, net of issuance costs and debt discount. Remaining performance obligations were approximately $729.0 million. Bit Digital held approximately 163,725.9 ETH and ETH-equivalents valued at $439.4 million, including externally managed holdings. Management is considering share repurchases, but implementation requires shareholder approval and a supporting funding plan.
Bit Digital (BTBT) has appointed Charley Brady as Head of Investor Relations, bringing experience in equity research and capital markets. Brady has more than 20 years of experience spanning equity research, capital markets and investor relations. He most recently served as Vice President of Investor Relations at BitFuFu (FUFU), leading investor relations activities and supporting capital markets initiatives. Previously, he spent more than 15 years as an equity research analyst covering diversified industrial companies.
Bit Digital (Nasdaq: BTBT) will release its third-quarter 2026 financial results before the market opens on November 12, 2026.
The results cover the quarter ended September 30, 2026. Senior management will host a live webcast and conference call to discuss the results at 8:30 a.m. Eastern Time that day.
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.