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Bit Digital (BTBT)
NASDAQ:BTBT
Earnings Data
Report Date
Aug 14, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.02Last Year’s EPS
-0.09Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 15, 2025
|% Change Since: 15.53%
|Next Earnings Date:Aug 14, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed performance for Bit Digital, with significant growth in cloud services and strategic expansions in data centers. However, these positives are offset by a substantial decline in mining revenue, overall revenue decrease, and challenges in hardware reliability. The company's financial position remains strong with no debt, but the negative adjusted EBITDA and net loss signify financial hurdles.Company Guidance
During the Bit Digital First Quarter 2025 Earnings Conference Call, several key metrics and operational highlights were provided. The mining segment experienced a significant revenue decline, down 64% year-over-year and 26% sequentially, attributed to the 2024 halving event and strategic fleet redeployment. Despite this, mining margins improved by approximately 500 basis points to 21%. The company's active hash rate was approximately 1.5 exahash, with plans to increase to 2.5 exahash by June. Cloud Services revenue surged by 84% year-over-year and 14% sequentially, reaching $14.8 million, with gross margins expanding by 700 basis points to 59%. The company is engaged in discussions for several contracts with annualized revenue potential exceeding $100 million each. They are also focusing on data center expansion, including a new site in North Carolina and upcoming developments in Montreal. The company's total revenue for the quarter was $25.1 million, marking a 17% decrease from the previous year, largely due to reduced Bitcoin mining income. Despite the decrease, Bit Digital maintained a strong cash position, with $57.6 million in cash and cash equivalents, and remained debt-free.Cloud Services Revenue Growth
Cloud services revenue increased 84% year-over-year and 14% sequentially to $14.8 million, with gross margins expanding approximately 700 basis points sequentially to 59%.
Improved Mining Segment Margins
Despite a decline in mining revenue, mining operations remained gross margin positive with margins expanding approximately 500 basis points sequentially to 21%.
Expansion in Data Center and Cloud Business
The company is expanding its data center build-out and cloud services, with significant contracts and potential multi-year agreements in the pipeline.
Positive Financial Position
The company remains debt-free with a total liquidity of approximately $141 million.
Strategic Investments and Partnerships
The company is investing in proprietary software development and has secured new contracts, including an expansion with DNA Fund representing approximately $10.8 million of additional annualized revenue.
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BTBT Earnings History
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
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BTBT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
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% |
Aug 19, 2024 | $2.99 | $3.61 | +20.74% |
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.
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FAQ
When does Bit Digital (BTBT) report earnings?
Bit Digital (BTBT) is schdueled to report earning on Aug 14, 2025, TBA Not Confirmed.
What is Bit Digital (BTBT) earnings time?
Bit Digital (BTBT) earnings time is at Aug 14, 2025, TBA 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 (Q2) is -0.02.
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