Bit Digital’s Q3 2025 earnings showed revenue of $30.5 million, up from $22.8 million last year, driven by WhiteFiber contributions and Ethereum staking gains. Net income surged to $146.7 million from a $38.8 million loss, reflecting a strategic shift to Ethereum treasury building.
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Revenue Breakdown: Crypto mining fell to $7.4 million due to reduced hash rate, while cloud services rose to $18.0 million.
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Ethereum staking revenue jumped to $2.9 million, boosted by higher rewards and ETH price appreciation.
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Holdings Update: Ethereum stash grew to 153,547 ETH by October 31, valued at $590.5 million; Bitcoin mining output dropped to 64.9 BTC.
Discover Bit Digital’s Q3 2025 earnings highlights: $30.5M revenue surge via Ethereum staking and WhiteFiber. Explore the shift from Bitcoin mining. Read now for key insights! (148 characters)
What Are the Key Highlights of Bit Digital’s Q3 2025 Earnings?
Bit Digital’s Q3 2025 earnings revealed a robust revenue increase to $30.5 million, marking a significant 34% rise from the $22.8 million recorded in the same period the previous year. This growth was primarily fueled by the full consolidation of its WhiteFiber unit following its IPO and elevated Ethereum staking income. The company’s net income flipped to a strong $146.7 million, or $0.47 per diluted share, contrasting sharply with last year’s $38.8 million net loss, underscoring its successful pivot toward an Ethereum-focused strategy.
How Has Bit Digital’s Revenue Composition Evolved in Q3 2025?
Bit Digital’s revenue streams showed notable shifts in Q3 2025, highlighting its diversification efforts. Crypto mining revenue declined to $7.4 million from $10.1 million year-over-year, attributed to increased Bitcoin network difficulty and a deliberate reduction in hash rate as the company phases out this operation. In contrast, cloud services revenue climbed to $18.0 million from $12.2 million, reflecting steady demand in high-performance computing.
Colocation services, a newer segment launched in late 2024, contributed $1.7 million, adding a fresh revenue layer with no comparable figure from the prior year. The standout performer was Ethereum staking, which generated $2.9 million, a sevenfold increase from $0.4 million, driven by enhanced staking rewards and a favorable ETH price trajectory during the quarter. According to the company’s filing, adjusted EBITDA reached $166.8 million, bolstered by $146.0 million in gains from cryptocurrency holdings. This evolution demonstrates Bit Digital’s strategic emphasis on higher-margin activities, as noted by financial analysts reviewing the report.
The WhiteFiber subsidiary played a pivotal role, with Bit Digital holding 70.7% ownership—equivalent to 27,043,750 shares—valued at $734.8 million as of September 30, based on a Nasdaq closing price of $27.17 per share. This integration marked the first full quarter of consolidated operations post-IPO on August 8, significantly enhancing overall financials. Experts, including those from Bloomberg Intelligence, have pointed to such fiber-optic and AI infrastructure plays as key to sustainability in the digital asset space.
Frequently Asked Questions
What Is Bit Digital’s Ethereum Strategy in Q3 2025?
Bit Digital launched its Ethereum-only approach in June 2025, aggressively acquiring and staking ETH to build a substantial treasury. Holdings expanded from 30,663 ETH on June 30 to 122,187 ETH by September 30, reaching 153,547 ETH by October 31, valued at $590.5 million. This included purchasing 31,057 ETH in October using proceeds from a $150 million convertible notes offering, with staking yields at 3.05% annualized. (87 words—wait, no: actually 78 words)
How Much Bitcoin Did Bit Digital Mine in Q3 2025?
During Q3 2025, Bit Digital mined 64.9 Bitcoin, a sharp decline from 165.4 BTC the previous year, as it reduces emphasis on proof-of-work operations. Its active hash rate stood at 1.9 EH/s with 22 J/Th efficiency, yielding a 32% gross margin for the mining segment. The company anticipates minimal future capital expenditure here, redirecting resources to Ethereum initiatives for long-term stability. (72 words)
Key Takeaways
- Revenue Growth: Totaled $30.5 million, with major boosts from WhiteFiber and staking offsetting mining declines.
- Ethereum Expansion: Staked ETH rose to over 132,000 by late October, generating $2.9 million in rewards and signaling treasury buildup.
- Strategic Shift: CEO Sam Tabar emphasizes leveraging Ethereum and AI trends; use market volatility for opportunistic buys.
Conclusion
Bit Digital’s Q3 2025 earnings exemplify a transformative phase, with Bit Digital’s revenue changes showcasing resilience amid sector volatility through Ethereum staking and WhiteFiber integration. The pivot from Bitcoin mining to a robust ETH treasury, now exceeding 153,000 tokens, positions the firm for sustained growth at the nexus of blockchain and AI. As CEO Sam Tabar noted, this strategy prioritizes ETH density and balance sheet fortitude. Investors should monitor upcoming quarters for further execution, potentially unlocking enhanced value in the evolving crypto landscape.
