Bit Digital generated total revenue of $27.9 million in Q1 2026, a 13.7% qoq decline. Cloud services revenue fell 13.1% to $16.8 million, while colocation services rose 23.9% to $4.8 million. Ethereum staking revenue dropped 29.4% to $2.3 million and digital asset mining revenue slipped nearly 33% to $3.7 million. The company reported a net loss of $146.7 million versus $185.3 million in Q4 2025.

As of March 31, 2026, cash and cash equivalents totaled $79.5 million, down from $118.4 million at year-end. Digital asset holdings were valued at $295 million versus $415.7 million at the end of 2025. Ethereum holdings stood at approximately 155,444.41 ETH with a market value of $327 million. Convertible notes increased to $334 million.

Bit Digital is shifting focus toward Ethereum treasury and staking, AI infrastructure and disciplined capital allocation. The company holds a significant position in White Fiber for AI exposure and has approval to purchase ETH directly. Management is exploring strategic acquisitions in trading firms, Ethereum-adjacent infrastructure and the emerging agentic economy to bolster its digital asset strategy.