Earnings ·
Bit Digital reported second quarter 2026 financial results with total revenue of $32.1 million, up 15% sequentially…
BTBTBit Digital, Inc
Bit Digital reported second quarter 2026 financial results with total revenue of $32.1 million, up 15% sequentially and $60.0 million for the first half, up 18% year over year. Gross profit was $18.6 million at a 57.9% margin. Cloud services revenue grew 42% to $23.8 million, while colocation revenue remained flat at $4.7 million and ETH staking revenue declined to $0.9 million. Bitcoin mining revenue fell to $2.4 million as the company continues winding down this segment. The net loss attributable to shareholders was $(107.2) million, or $(0.31) per diluted share, compared to a $(146.7) million loss in the prior quarter. Operating cash flow for the six months totaled $46.8 million. The company executed a treasury-backed financing for WhiteFiber’s NC-1 data center campus without selling ETH or issuing equity. Bit Digital operates as a strategic asset company focused on Ethereum infrastructure and AI/HPC data centers.