Bit Digital 2025 Q3 Earnings Net Income Surges 478% to $146.72M

Bit Digital (BTBT) reported fiscal 2025 Q3 earnings on November 14, 2025, marking a significant turnaround in profitability. The company’s total revenue rose 32.2% year-over-year to $30.01 million, surpassing expectations and driven by a strategic shift toward Ethereum-centric operations.

Revenue

Digital asset mining revenue reached $7.42 million, while cloud services contributed the largest share at $18.03 million. Colocation services added $1.69 million, and ETH staking generated $2.87 million, reflecting a 542% year-over-year increase. Other revenue streams totaled $454,588, bringing the overall revenue to $30.46 million.

Earnings/Net Income

The company returned to profitability with an EPS of $0.48, a 284.6% improvement from a loss of $0.26 per share in 2024 Q3. Net income surged to $146.72 million, representing a 478.2% increase from the prior-year period’s net loss of $38.8 million. The EPS of $0.48 marked a 284.6% improvement from a loss, reflecting the company’s strong turnaround.

Price Action

Post-earnings, the stock edged up 1.69% in the latest trading day. However, the week saw a significant decline of 23.25%, and the month-to-date performance has been particularly challenging, with a 40.64% drop.

CEO Commentary

CEO Samir Tabar emphasized the transition to an Ethereum-centric model, noting a 5-fold increase in ETH holdings to 153,000 ETH by October 2025, with 132,000 actively staked. The $150 million convertible notes offering, structured at a premium to NAV, underscored disciplined capital allocation. Tabar highlighted Ethereum’s role in DeFi and AI infrastructure via WhiteFiber, calling it “the foundation for stablecoins and tokenized assets.”

Guidance

The company expects staking revenue to grow as ETH holdings expand, with staking income becoming a “strong recurring cash flow” driver. CFO Erke Huang outlined adjusted EBITDA of $166.8 million and net income of $146.7 million ($0.47 EPS). ETH staking yield targets remain at 3%, with exploration of strategies to exceed 4%.

Additional News

Bit Digital’s strategic pivot to Ethereum has been a focal point, with a $150 million convertible notes offering funding further ETH accumulation. The company’s ETH holdings surged fivefold since June, reaching 153,000 ETH by October 2025. Leadership emphasized Ethereum’s security and developer ecosystem, positioning it as the backbone of DeFi and tokenized assets. Additionally, the winding down of Bitcoin mining operations aligns with the shift to staking as a primary revenue driver.