Bit Digital Options Under Lock-Up Until August 15, 2025

Bit Digital, Inc. has options subject to a lock-up agreement ending on August 15, 2025. The agreement prohibits the company, directors, and executive officers from selling, pledging, or disposing of ordinary shares or securities convertible into or exchangeable for ordinary shares for 30 days after the prospectus supplement date.

Bit Digital, Inc. (NASDAQ: BTBT) has announced that certain warrants of the company are subject to a lock-up agreement ending on August 15, 2025. This agreement, which began on July 15, 2025, prohibits the company, its directors, and executive officers from selling, pledging, or disposing of ordinary shares or securities convertible into or exchangeable for ordinary shares for 30 days after the date of the prospectus supplement [1].

In addition to the lock-up agreement, Bit Digital reported its Q2 2025 financial results, which showed a revenue shortfall but exceeded expectations in earnings per share. The company generated $25.7 million in revenue for the quarter, falling below the $27.47 million forecast by analysts [1]. However, it delivered stronger-than-expected earnings with 7 cents per share, surpassing the estimated loss of two cents per share [1].

The strategic shift to Ethereum staking generated 166.8 ETH rewards, with 105,015 ETH actively staked as part of the company's energy-efficient blockchain transition [2]. The decline in revenue year-over-year was primarily attributed to a 58.8% drop in digital asset mining revenue, although cloud services revenue grew by 32.8% during the same period [2]. As of the end of the quarter, Bit Digital held $181.2 million in total cash, cash equivalents, and restricted cash, supporting its operational flexibility and capital redeployment [2].

Bit Digital also completed an IPO of its high-performance computing subsidiary, WhiteFiber Inc (WYFI), earlier in the month, unlocking significant value for shareholders. The company retains a 74.3% stake in WhiteFiber, which is valued at approximately $468.4 million [2]. The IPO is expected to provide additional financial strength as Bit Digital continues to transition its operations away from Bitcoin mining.

The strategic pivot is in line with broader industry trends, where companies are increasingly favoring altcoins and multi-chain strategies. By focusing on Ethereum’s post-merge network, Bit Digital is positioning itself to capitalize on more energy-efficient blockchain infrastructure. The firm’s ability to control costs and optimize operations is evident in its strong EPS performance despite the revenue miss, suggesting potential improvements in profitability per dollar earned [2].

Bit Digital executives will discuss the quarter’s performance in an earnings call scheduled for 10 a.m. on Friday. At the time of publication, the company’s shares were down 1.25% to $3.15 in after-hours trading [2].

References:
[1] Certain Warrants of Bit Digital, Inc. are subject to a Lock-Up Agreement Ending on 15-AUG-2025. https://www.marketscreener.com/news/certain-warrants-of-bit-digital-inc-are-subject-to-a-lock-up-agreement-ending-on-15-aug-2025-ce7c51d9d189ff21
[2] Ethereum News Today - Bit Digital Q2 Revenue Miss, EPS Surpasses Expectations. https://www.ainvest.com/news/ethereum-news-today-bit-digital-q2-revenue-misses-eps-surpasses-expectations-ethereum-staking-shift-2508/