Ethereum News Today: Bit Digital Q2 Revenue Misses but EPS Surpasses Expectations Amid Ethereum Staking Shift

Bit Digital Inc (NASDAQ: BTBT) reported second-quarter 2025 results that 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 [2]. The earnings report highlighted the company's strategic shift from Bitcoin operations to a focused Ethereum staking and treasury model, reflecting a broader reallocation of resources into more energy-efficient and scalable blockchain technology [3].

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 [1]. 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 [1].

The company’s Ethereum staking strategy is gaining momentum, with the firm generating approximately 166.8 Ethereum in staking rewards during the quarter. Bit Digital now holds a total of 121,076 Ethereum, with 105,015 ETH actively staked [1]. CEO Sam Tabar emphasized the company’s commitment to building one of the largest on-chain ETH balance sheets in public markets and generating attractive staking yields for shareholders [1]. The firm has held Ethereum since 2021 and remains confident in its long-term value.

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 [1]. 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 [5].

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 [1].

Sources:

[1] Bit Digital Q2 Earnings: Revenue Miss, EPS Beat ...

(https://www.benzinga.com/markets/earnings/25/08/47140495/bit-digital-q2-earnings-revenue-miss-eps-beat-ethereum-strategy-in-focus-as-bitcoin-operations-wind-down)