Bit Digital Stock Volatile After Revenue Falls 14%

Revenue fell 13.6% quarter-over-quarter to $27.9 million, while Ethereum staking revenue declined 29.4% to $2.3 million. The company posted a net loss of $146.7 million, although this improved from the $185.3 million loss recorded in the previous quarter. Bit Digital Shares Swing After Quarterly Loss Shares of Bit Digital experienced a volatile 24-hour trading period after the company released its latest quarterly earnings, with the stock climbing nearly 5% during regular trading before reversing sharply in pre-market activity. The company’s shares closed at $2.13 after gaining 4.93% on the day, but pre-market trading showed the stock falling more than 6% to around $2.00 as investors reacted to the firm’s declining revenue and continued losses tied to its transition away from Bitcoin mining and toward Ethereum-focused operations. Bit Digital’s stock price over the past 24 hours (Source: Google Finance) Bit Digital reported total first-quarter revenue of $27.9 million, which is a 13.6% decline compared to the fourth quarter of 2025. The company attributed the drop primarily to weaker cloud services revenue, lower Ethereum staking income, and reduced digital asset mining revenue during the quarter. Revenue from Ethereum staking fell 29.4% quarter-over-quarter to $2.3 million, which the company said was caused by lower Ethereum prices and reduced native staking balances. Bit Digital also revealed that it repositioned approximately 70,000 ETH into liquid staking solutions to maintain treasury flexibility while continuing to build out its Ethereum-focused strategy. (Source: Bit Digital) Cloud services was the company’s largest revenue segment after generating $16.8 million during the quarter despite a 13.1% decline from the previous period. Co-location services contributed another $4.8 million in revenue, while crypto mining revenue dropped sharply by 32.9% to $3.7 million due to weaker Bitcoin production and softer BTC prices throughout the quarter. Despite the revenue decline, Bit Digital’s quarterly net loss improved slightly compared to the previous quarter. The company posted a net loss of $146.7 million in Q1, compared to a $185.3 million loss during the fourth quarter of 2025. According to the company, the results were heavily impacted by non-cash mark-to-market adjustments tied to digital asset holdings. At the end of March, Bit Digital held approximately 154,444 ETH valued at roughly $327 million at the time, with an average acquisition price of $3,045 per ETH. Ethereum itself declined around 29% during the quarter to roughly $2,104 by March 31 before recovering modestly to trade around $2,265 on Friday. ETH’s price action over the past 6 months (Source: CoinCodex) CEO Sam Tabar said the company believes it is positioned early in what it sees as the convergence between artificial intelligence infrastructure and Ethereum-based financial systems. He pointed to Bit Digital’s WhiteFiber subsidiary, which focuses on high-performance computing infrastructure, as a key part of the company’s long-term strategy. WhiteFiber previously raised nearly $160 million through an initial public offering in August 2025, and Bit Digital still maintains majority ownership through its roughly 27 million-share stake in the company.