Bit Digital Posts $113.6M Revenue, 50% Cloud Growth and $80.3M Net Loss
Bit Digital’s fiscal 2025 revenue rose 5% to $113.6 million, led by a 50% surge in cloud services to $68.8 million and a 555% jump in colocation to $8.9 million, offset by a 53% mining revenue decline to $27.3 million. Net loss widened to $80.3 million from $28.3 million.
1. Fiscal Year 2025 Performance
Bit Digital reported 2025 revenue of $113.6 million, a 5% increase over the prior year, driven by growth in cloud, colocation and ETH staking. Net loss attributable to shareholders totaled $80.3 million, while adjusted EBITDA swung to a $24.9 million loss from a $73.0 million gain.
2. Segment Revenue Breakdown
Cloud services revenue climbed 50% to $68.8 million, colocation surged 555% to $8.9 million, and ETH staking jumped 287% to $7.0 million. Digital asset mining revenue fell 53% to $27.3 million as network difficulty increased and active hash rate declined during the winding-down of mining operations.
3. Balance Sheet and Asset Position
Cash and cash equivalents reached $118.4 million and total digital assets grew to $415.7 million by December 31, 2025. ETH holdings expanded to 155,227 coins valued at $460.6 million, with 89% actively staked, and the majority stake in WhiteFiber was valued at $427.3 million.
4. Strategic Transition and Outlook
The company has repositioned as a Strategic Asset Company focused on Ethereum treasury and staking and on AI infrastructure through its majority ownership of WhiteFiber. Bitcoin mining is being wound down to concentrate capital on staking yield generation and long-term ETH accumulation.