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Bit Digital Inc 10-Q Filings

BTBT NASDAQ

Every 10-Q that Bit Digital Inc (BTBT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow BTBT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BTBT filings page.

Rhea-AI Summary

Bit Digital, Inc. continued its transition from bitcoin mining toward ETH staking and AI/HPC data center services through majority-owned WhiteFiber. For the quarter ended June 30, 2026, revenue rose to $32.1 million from $25.7 million, driven mainly by cloud services and colocation, while digital asset mining declined.

Despite growth, profitability deteriorated sharply. Operating results swung to a loss, with a quarterly operating loss of $82.6 million and net loss of $111.7 million, and a six‑month net loss of $261.9 million versus $42.8 million a year earlier. Key drivers included $46.0 million of impairment on digital intangible assets, $28.8 million losses on digital assets, higher general and administrative expenses, and increased interest and derivative fair value losses.

Total assets were $1.24 billion, including $667.6 million of property, plant and equipment, $120.1 million of digital assets, and a $105.6 million digital asset collateral receivable. Total liabilities climbed to $703.8 million, reflecting $336.2 million in convertible notes, new debt and higher deferred revenue. Operating activities generated $46.8 million of cash, but the company invested $344.7 million in infrastructure and raised substantial financing, including purchasing a $120.0 million zero‑strike call option linked to its convertible notes.

Rhea-AI Summary

Bit Digital, Inc. reported first-quarter 2026 revenue of $27.9M, up slightly from $25.1M a year earlier, driven mainly by cloud, colocation, and ETH staking services as it winds down bitcoin mining. Despite this, the company posted a net loss of $150.3M, versus $57.7M in 2025, largely due to $121.1M in losses on digital assets and sharply higher operating expenses. Total assets were $1.18B, including $295.0M of digital assets and $451.97M of property, plant, and equipment, while cash, cash equivalents and restricted cash totaled $83.9M. Liabilities increased significantly, with convertible notes payable rising to $334.2M and total contract liabilities reaching $144.5M, reflecting large future colocation and service commitments.

Rhea-AI Summary

Bit Digital (BTBT) reported strong Q3 2025 results. Total revenue reached $30.5 million, led by cloud services $18.0 million, digital asset mining $7.4 million, ETH staking $2.9 million, and colocation $1.7 million. Gains on digital assets of $168.0 million drove operating income and helped offset higher general and administrative expenses.

Net income was $146.7 million, or $0.47 diluted EPS, compared with a loss a year ago. Cash and cash equivalents were $179.1 million, and digital assets were $423.7 million at quarter-end. Total assets rose to $1.13 billion with total equity of $1.05 billion. Operating cash flow used was $204.9 million for the nine months, while financing activities provided $452.7 million, including net proceeds from a subsidiary IPO and equity offerings.

The company is transitioning to a pure-play ETH staking and treasury model, with 99,936 ETH natively staked as of September 30, 2025. A useful-life change for cloud equipment reduced Q3 depreciation by $2.5 million, adding about $0.01 per share to earnings.