Ethzilla Corporation ( (ETHZ) ) has released its Q3 earnings. Here is a breakdown of the information Ethzilla Corporation presented to its investors.
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ETHZilla Corporation, a technology company in the decentralized finance (DeFi) sector, focuses on connecting traditional finance with DeFi through Ethereum Network protocol implementations. The company aims to facilitate secure blockchain transactions and enable asset digitization across multiple Layer 2 Ethereum networks.
In its third quarter of 2025, ETHZilla Corporation reported $4.1 million in revenue, marking its initial success in the DeFi space. The company is accelerating its initiatives in real-world asset (RWA) tokenization, positioning itself as a leader in this emerging market.
Key highlights from the quarter include securing $931 million in institutional capital, a strategic partnership with Liquidity.io, and a share repurchase program. The company also streamlined its legacy portfolio to focus on digital asset tokenization and strengthened its executive leadership to drive growth.
Despite reporting a net loss of $208.7 million from continuing operations, primarily due to non-cash items, ETHZilla achieved an adjusted EBITDA of $8.5 million. The company is optimistic about its future, expecting revenue-generating RWAs on-chain soon and positive adjusted EBITDA in the fourth quarter.
Looking ahead, ETHZilla’s management remains confident in its strategic direction, focusing on expanding its tokenized asset platform and capturing opportunities in the DeFi space, with plans to continue share repurchases and leverage its Ethereum holdings for growth.

