Bit Digital 2025 Q3 Earnings Record $146M Net Income Surges 478%

Bit Digital (BTBT) reported Q3 2025 results that exceeded expectations, with revenue rising 32.2% year-over-year and net income swinging from a $38.8M loss to $146.7M profit. The company raised growth guidance, citing strong staking revenue and disciplined capital allocation.

Revenue

Digital asset mining contributed $7.42 million, while cloud services drove the largest revenue segment at $18.03 million. Colocation services added $1.69 million, and ETH staking revenue surged to $2.87 million, reflecting a strategic shift toward Ethereum. Other revenue sources totaled $454,588, bringing total revenue to $30.46 million.

Earnings/Net Income

Bit Digital returned to profitability with EPS of $0.48, reversing a $0.26 loss in 2024 Q3 (284.6% positive change). Net income reached $146.72 million, a 478.2% increase from the $-38.80 million loss, driven by higher staking yields and a $168 million gain on digital assets. This dramatic turnaround underscores the company’s successful pivot to Ethereum.

Price Action

The stock price edged up 1.69% on the latest trading day but fell 23.25% for the week and 40.64% month-to-date.

Post-Earnings Price Action Review

The strategy of purchasing Bit Digital shares post-earnings and holding for 30 days showed robust performance, with a cumulative return of 106.3% through Q3 2025. This approach highlights the stock’s short-term growth potential following earnings disclosures.

CEO Commentary

CEO Samir Tabar emphasized Bit Digital’s transition to an Ethereum-centric model, noting a fivefold increase in ETH holdings since June 2025. With 153,000 ETH staked, staking revenue reached $2.9 million—up from $400,000 in Q2. Bitcoin mining is being wound down, with 65 mined in Q3, while Ethereum’s role in decentralized finance and AI infrastructure remains a strategic priority.

Guidance

The company aims to maintain leverage below 20% of ETH holdings and deploy long-term, low-cost capital into Ethereum. CFO Erke Huang highlighted 132,000 ETH staked as of October 31, with full activation expected in Q4. Staking yield targets include 3% via native staking and additional alpha from external strategies. Mining operations are projected to reach 1.2 exahash by mid-2026.

Additional News

1. Bit Digital completed a $150 million convertible notes offering, purchasing 31,057 ETH, to fund Ethereum accumulation and staking operations.

2. The company’s Ethereum holdings grew from 122,187 ETH in September to 153,547 ETH by October, valued at $590.5 million.

3. Management emphasized Ethereum’s regulatory clarity and institutional adoption, with CEO Sam Tabar stating, “Ethereum will define the future of digital infrastructure.”