Summary
BTBT Chart
Bit Digital, Inc. (BTBT) Q2 2026 Earnings Call Transcript
Bit Digital, Inc. (BTBT) Q2 2026 Earnings Call Transcript
Bit Digital Q2 Earnings Miss Despite Revenue Beat on Cloud Growth
BTBT's revenues surge on cloud growth and new contracts, but heavy impairments, digital asset losses and interest costs drive a wider Q2 loss.
Bit Digital Q2 Earnings Call Highlights
Bit Digital NASDAQ: BTBT reported second-quarter revenue of $32.1 million, up 15% sequentially, as cloud services growth helped offset lower Ethereum staking and bitcoin mining revenue. The company also outlined a capital-allocation strategy centered on its Ethereum holdings and its majority interest in data-center business WhiteFiber.
Bit Digital, Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Curtis Ellergodt Rothschild Investment LLC | 8,220 | $10,768 | $11,590.2 | $822.2 | 7.64% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 203 | $365.4 | $274.05 | -$91.35 | -25% |
| NA Nizar Araji National Bank Of Canada /FI/ | 1,589 | $5,053.02 | $2,200.76 | -$2,852.26 | -56.45% |
| BG Bart Gancher Intech Investment Management LLC | 101,665 | $197,848.92 | $140,806.02 | -$57,042.9 | -28.83% |
 Point72 Asset Management LP Point72 Asset Management LP | 290,774 | $448,833.51 | $456,515.18 | $7,681.67 | 1.71% |
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Bit Digital, Inc. Profile
| Capital Markets Industry | Financials Sector | Samir Tabar CEO | NASDAQ (CM) Exchange | G1144A105 CUSIP |
| US Country | 104 Employees | - Last Dividend | - Last Split | 20 Mar 2018 IPO Date |
Overview
Bit Digital, Inc., operates primarily in the bitcoin mining sector, alongside engaging in various subsidiary activities. The company, initially known as Golden Bull Limited, underwent a name change to Bit Digital, Inc. in September 2020. Founded in 2015 and based in New York, New York, Bit Digital has diversified its operations beyond just bitcoin mining. Its areas of operation now span across treasury management, digital asset mining including staking activities, particularly with ethereum, as well as providing specialized cloud infrastructure for artificial intelligence applications. This expansion underscores the company's adaptability and growth within the digital asset and technology sectors.
Products and Services
- Bitcoin Mining – Bit Digital is engaged in the business of mining bitcoin, employing cutting-edge technology and infrastructure to secure and transact in the bitcoin ecosystem.
- Treasury Management Activities – The company undertakes treasury management tasks which likely involve the management of its cryptocurrencies, ensuring optimal asset allocation and risk management pertaining to its digital asset portfolio.
- Digital Asset Staking – This service includes participating in the proof of stake consensus mechanism activities, allowing Bit Digital to earn rewards by staking its digital assets, thereby supporting the operation and security of blockchain networks.
- Ethereum Staking – A specialized part of its staking services focused on ethereum, demonstrating the company's involvement in contributing to the security and functionality of the ethereum blockchain.
- Digital Asset Mining – Besides bitcoin, Bit Digital diversifies its mining operations to encompass other digital assets, applying their expertise and infrastructure to mine various cryptocurrencies.
- Specialized Cloud Infrastructure for AI Applications – Bit Digital offers cloud infrastructure services specifically designed to meet the requirements of artificial intelligence applications, indicating its foray into advanced technology solutions beyond the blockchain spectrum.
