BTBT 8-K SEC Filing Analysis

Latest settled — T+20d

BTBT ▲ +5.07% at T+20d

SHORT call ✗ call lost -5.07% · α vs SPY +4.65% · entry $1.38 → $1.45

Next anchor: T+60d in 11d

Last close $1.74 (close Jun 12) · -26.09% from $1.38 entry (call sign-flipped)

Entry anchored
Mar 31, 04:18 PM ET
via Databento tick

T+1d

-0.72%

call +0.72% · α +0.80%

$1.37

settled 3mo ago

T+5d

-2.90%

call +2.90% · α +6.66%

$1.34

settled 2mo ago

T+20d

+5.07%

call -5.07% · α +4.65%

$1.45

settled 7w ago

T+60d

—

call — · α —

—

in 11d

Price Chart

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Executive Summary

Bit Digital reported FY2025 results with $113.6M revenue (5% YoY growth) but a net loss of $80.3M ($0.31 per share), a sharp decline from prior-year net income of $28.3M. The loss was driven by a $29.2M digital asset loss versus a $55.7M gain in 2024, despite strong growth in cloud, colocation, and ETH staking revenue.

Actionable Insight

Despite strong growth in cloud, colocation, and ETH staking, the massive swing in digital asset performance from gain to loss drove a severe bottom-line miss. Traders should monitor whether future ETH price movements can reverse this trend, but the core mining wind-down and reliance on volatile crypto gains remain significant risks.

Key Facts

FY2025 revenue: $113.6M, up 5% YoY
Net loss attributable to shareholders: $80.3M vs. $28.3M net income in 2024
EPS: $(0.31) per diluted share
Adjusted EBITDA: $(24.9)M vs. $73.0M in 2024
Digital asset loss: $29.2M in 2025 vs. $55.7M gain in 2024
ETH staking revenue: $7.0M, up 287% YoY
Cloud services revenue: $68.8M, up 50% YoY
Colocation revenue: $8.9M, up 555% YoY
Digital asset mining revenue: $27.3M, down 53% YoY

Financial Impact

Net loss of $80.3M compared to prior-year net income of $28.3M, driven by $84.9M swing in digital asset gains/losses

revenueepsnet_incomeebitdadigital_asset_gains

Risk Factors

High volatility in digital asset gains/losses
Continued wind-down of bitcoin mining operations
Concentration risk in ETH holdings and WhiteFiber stake

Market Snapshot

Exchange

Nasdaq

Sector

Finance Services

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001213900-26-037587
Document: ea0284345-8k_bitdigital.htm	0001213900-26-037587
Document: 0001213900-26-037587-index-headers.html	0001213900-26-037587
Document: 0001213900-26-037587-index.html	0001213900-26-037587
Document: 0001213900-26-037587.txt	0001213900-26-037587
8-K Data (Synthetic)	0001213900-26-037587

3 reports for BTBT

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for BTBT — sortable, filterable
	Type				Now
May 27, 2026 18d ago	8-K BULLISH ★ 7/10	$2.03 $1.85	▼ −8.87%	▼ −9.18%	$1.74 (−14.29%)
Mar 31, 2026 10w ago	8-K BEARISH ★ 8/10	$1.38 $1.34	▲ +2.90%	▲ +6.66%	$1.74 (−26.09%)
Feb 25, 2026 15w ago	8-K BEARISH ★ 6/10	$1.78 $1.72	▲ +3.37%	▲ +2.24%	$1.74 (+2.25%)

US Market Status

Market Closed — Opens in 4h 39m

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