Bit Digital Q2 FY26 net loss narrows to $107.2 million; revenue rises 15% q/q to $32.1 million

Reuters2026/08/13 12:04

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Bit Digital posted Q2 2026 revenue of $32.1 million, up 15% from Q1, with gross profit of $18.6 million (57.9% margin).
Net loss attributable to shareholders narrowed to $107.2 million, or $0.31 per diluted share, from $146.7 million in Q1.
Cloud services revenue climbed 42% from Q1 to $23.8 million, while ETH staking revenue fell to $0.9 million from $2.3 million.
Cash and cash equivalents rose to $83.6 million at June 30; convertible notes were $336.2 million.
CEO Sam Tabar said Bit Digital raised $50 million against its ETH treasury to fund WhiteFiber’s NC-1 buildout without selling ETH or issuing equity.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bit Digital Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608130800PR_NEWS_USPR_____CN25419) on August 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Bit Digital Q2 FY26 net loss narrows to $107.2 million; revenue rises 15% q/q to $32.1 million

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