Bit Digital Q2 FY26 net loss narrows to $107.2 million; revenue rises 15% q/q to $32.1 million - BTBT News | RalliesBit Digital Q2 FY26 net loss narrows to $107.2 million; revenue rises 15% q/q to $32.1 million
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BTBT• Q2 revenue and profit metrics improve
- Bit Digital posted Q2 2026 revenue of $32.1 million, up 15% from Q1, with gross profit of $18.6 million (57.9% margin).
- Net loss attributable to shareholders narrowed to $107.2 million, or $0.31 per diluted share, from $146.7 million in Q1.
- Cloud services revenue climbed 42% from Q1 to $23.8 million, while ETH staking revenue fell to $0.9 million from $2.3 million.
- Cash and cash equivalents rose to $83.6 million at June 30; convertible notes were $336.2 million.
- CEO Sam Tabar said Bit Digital raised $50 million against its ETH treasury to fund WhiteFiber’s NC-1 buildout without selling ETH or issuing equity.
