Bit Digital, Inc. ( (BTBT) ) has released its Q3 earnings. Here is a breakdown of the information Bit Digital, Inc. presented to its investors.
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Bit Digital, Inc., a publicly traded digital asset company, specializes in Ethereum-native treasury and staking strategies and holds a significant stake in AI infrastructure provider WhiteFiber. In its third quarter of 2025 financial results, Bit Digital reported a notable 33% increase in total revenue to $30.5 million, driven by significant growth in its WhiteFiber business lines and Ethereum staking revenues. The company also achieved a remarkable turnaround with a net income of $146.7 million, compared to a net loss in the previous year, and an adjusted EBITDA of $166.8 million, highlighting gains on digital assets.
Key financial metrics for the quarter included a 542% increase in Ethereum staking revenue to $2.9 million and a 48% rise in cloud services revenue. However, digital asset mining revenue saw a decline as the company continues to wind down its bitcoin mining operations. Bit Digital’s strategic shift towards Ethereum has led to a substantial increase in its ETH holdings, reaching 153,547 ETH by the end of October 2025, with a focus on disciplined ETH accumulation and staking yield generation.
Looking ahead, Bit Digital remains committed to its Ethereum-focused strategy, aiming to build one of the largest and most efficient Ethereum treasuries in the public markets. The company is optimistic about Ethereum’s expanding utility and institutional adoption, and it plans to continue leveraging its strong treasury and AI exposure to create long-term value for shareholders.