Bit Digital, Inc (BTBT) Form 10-Q — May 15, 2026
Bit Digital reported a net loss of $150.3 million for the three months ended March 31, 2026, a significant deterioration from the $57.7 million loss in the same period last year. The primary driver was $121.1 million in unrealized losses on digital assets, reflecting the sharp decline in Ethereum prices against the company's large staking and treasury holdings. Total revenue increased 11% year-over-year to $27.9 million, driven by growth in cloud services ($16.8 million) and colocation services ($4.8 million) through its majority-owned subsidiary WhiteFiber.
Key figures
- Revenue
- 27924756
- Total Debt
- 334189318
- Cash Position
- 79529572
- Shares Outstanding
- 331434734
- Eth Staked
- 96323
- Digital Asset Losses
- 121070273
- White Fiber Ownership Percent
- 70.1
- Convertible Notes2030 Principal
- 150000000
- Convertible Notes2031 Principal
- 230000000
Price after filing
Close on the filing date to close N calendar days later (from $2.13). Historical, not a forecast.
AI analysis
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