The earnings call highlights strategic transitions to an Ethereum-focused business model and successful completion of WhiteFiber's IPO. While there are positive developments such as increased cloud services revenue and improved gross margin, challenges include a significant decline in Bitcoin mining revenue and increased G&A expenses. The sentiment is balanced between achievements and challenges.

Company Guidance -

Q3 2025

During the Bit Digital Second Quarter 2025 Earnings Conference Call, significant guidance was provided regarding the company's strategic pivot and financial performance metrics. The company transitioned to an Ethereum treasury and staking platform, significantly increasing their ETH holdings from approximately 3,663 ETH in June to about 121,000 ETH by August 11. This was supported by recent equity offerings and the sale of Bitcoin, resulting in approximately 166.8 ETH earned in staking rewards with an annualized effective yield of around 3.1%. Their digital asset mining revenue was $6.6 million, and they produced 68 bitcoins during the second quarter, down from 83 in Q1. Bit Digital reported a total revenue of $25.7 million and a net income of $14.9 million, with an adjusted EBITDA of $27.8 million, including a $27.2 million gain on digital assets. As of June 30, the company held $181.2 million in cash and cash equivalents, remaining debt-free, and maintained a total liquidity of approximately $273 million. They are exploring strategic alternatives for their Bitcoin mining business and plan to focus on building one of the largest institutional ETH balance sheets in the public markets.

Transition to Ethereum Treasury and Staking Platform

Bit Digital has transitioned to an Ethereum treasury and staking platform, aiming to build one of the largest institutional balance sheets in the public markets. They held approximately 3,663 ETH as of June and increased that to about 121,000 ETH as of August 11.

Successful IPO of WhiteFiber

Bit Digital completed the IPO of WhiteFiber, their former wholly-owned subsidiary, which is now an independent AI infrastructure company. Bit Digital currently owns about 74.3% of WhiteFiber, which may drop to around 71.5%.

Increased Revenue from Cloud Services

Cloud services revenue was $16.6 million, up 33% compared to the prior year quarter, driven by new customer contracts.

Improved Gross Margin

Gross margin improved to about 49%, up 80 basis points from the prior year quarter.

Net Income Turnaround

Net income for the quarter was $14.9 million or 7¢ per diluted share, versus a net loss of $12 million in the same quarter last year.

Debt-Free Status and Strong Liquidity

Bit Digital remains debt-free with total liquidity of approximately $273 million as of June 30.

Bit Digital (BTBT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BTBT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 17, 2025	2025 (Q3)	>-0.01 / -	-0.26	―	―	―
Aug 14, 2025	2025 (Q2)	-0.02 / 0.07	-0.09	177.78% (+0.16)	―
May 15, 2025	2025 (Q1)	-0.05 / -0.32	0.43	-174.42% (-0.75)	―
Mar 14, 2025	2024 (Q4)	-0.05 / 0.11	0.12	-8.33% (>-0.01)	―
Nov 18, 2024	2024 (Q3)	-0.02 / -0.26	-0.03	-766.67% (-0.23)	―
Aug 19, 2024	2024 (Q2)	-0.03 / -0.09	0.02	-550.00% (-0.11)
May 15, 2024	2024 (Q1)	0.01 / 0.43	0.01	4200.00% (+0.42)
Mar 18, 2024	2023 (Q4)	-0.05 / 0.12	-1.33	109.02% (+1.45)	―	―
Nov 14, 2023	2023 (Q3)	-0.06 / -0.03	-0.05	40.00% (+0.02)	―	―
Aug 15, 2023	2023 (Q2)	-0.09 / 0.02	0	―	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BTBT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 14, 2025	$3.19	$3.01	-5.64%
May 15, 2025	$2.06	$2.38	+15.53%
Mar 14, 2025	$2.27	$2.44	+7.49%
Nov 18, 2024	$4.27	$4.02	-5.85%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Bit Digital (BTBT) report earnings?

Bit Digital (BTBT) is schdueled to report earning on Dec 17, 2025, Before Open (Not Confirmed).

What is Bit Digital (BTBT) earnings time?

Bit Digital (BTBT) earnings time is at Dec 17, 2025, Before Open (Not Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is BTBT EPS forecast?

BTBT EPS forecast for the fiscal quarter 2025 (Q3) is >-0.01.

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