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.

Bit Digital, Inc. announced that Justin Zhu resigned as Senior Vice President of Finance and Chief Accounting Officer effective August 1, 2026. His departure follows his appointment as Chief Financial Officer, Principal Financial Officer, and Principal Accounting Officer at WhiteFiber, Inc., under a Transition Services Agreement dated July 30, 2025, which is scheduled to terminate in August 2027. The company stated that the transition was not due to any disagreements regarding operations or policies. Bit Digital operates in the cryptocurrency mining industry.