NASDAQ$BTBT
Bit Digital Inc · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
Bit Digital Inc reported a net loss of $150.3 million for the first quarter of 2026 amid its strategic shift to Ethereum staking.
Bit Digital Inc recorded total revenues of $27.9 million in Q1 2026, up from $25.1 million in the prior year, driven by growth in cloud and colocation services offsetting declines in digital asset mining. The company posted a substantial net loss of $150.3 million, primarily due to significant losses on digital assets and increased operating expenses. The firm continued its transition toward a pure-play ETH staking and treasury model while expanding its high-performance computing infrastructure through its majority-owned subsidiary WhiteFiber.
- Total revenue grew 11% year-over-year to $27.9 million, led by cloud services ($16.8 million) and new colocation contributions.
- Net loss widened to $150.3 million, heavily impacted by $121.1 million in digital asset fair value losses.
- Cash and cash equivalents declined to $79.5 million as the company invested heavily in property, plant, and equipment ($169.2 million).
- The company is actively transitioning to an ETH-focused staking and treasury strategy while scaling HPC data center capacity.
Headline financials
Revenue & EPS history
Bit Digital · Revenue · Quarterly
$27.9M
Revenue by segment
Bit Digital · $27.5M total across 4 segments · Q1 2026
- Cloud Services$16.8M—60.9%
- Colocation Services$4.77M—17.3%
- Digital Asset Mining$3.7M—13.5%
- ETH Staking$2.3M—8.3%
Forward guidance
The company is executing a strategic transition to become a pure-play ETH staking and treasury business while expanding HPC infrastructure.
Tailwinds
- Continued growth in cloud and colocation services
- Majority ownership in WhiteFiber providing HPC exposure
Headwinds
- Ongoing wind-down of bitcoin mining operations
- Significant fair value losses on digital asset holdings
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2026
+1.6%
Avg return
Earnings day
+1.7%
Avg return
5 days after
+6.4%
Avg return
30 days after
45%
14 / 31 earnings
Positive
+22.8%
Q2 2024
Best reaction
-15.5%
Q1 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -15.5% | -17.8% | — | |
| Q4 2025 | -4.3% | +8.3% | +19.4% | |
| Q3 2025 | -3.6% | -14.3% | -10.7% | |
| Q2 2025 | -5.7% | -13.5% | -6.9% | |
| Q1 2025 | +16.3% | +17.5% | +20.9% | |
| Q4 2024 | +7.5% | +6.6% | -18.5% | |
| Q3 2024 | -5.6% | +4.0% | -13.1% | |
| Q2 2024 | +22.8% | +30.3% | -2.4% | |
| Q1 2024 | +1.3% | +16.8% | +18.1% | |
| Q4 2023 | -3.2% | +8.1% | -18.1% | |
| Q3 2023 | +13.7% | +9.6% | +67.0% | |
| Q2 2023 | -11.0% | -24.2% | -33.7% | |
| Q1 2023 | +8.4% | +17.5% | +35.7% | |
| Q4 2022 | -1.0% | +8.4% | +45.0% | |
| Q3 2022 | -3.2% | -5.5% | -6.2% | |
| Q2 2022 | +0.0% | -4.7% | -19.6% | |
| Q1 2022 | +2.6% | +4.0% | +21.2% | |
| Q4 2021 | -2.2% | -6.9% | -37.5% | |
| Q3 2021 | +2.4% | -3.1% | -30.9% | |
| Q2 2021 | -5.5% | -9.1% | -17.3% | |
| Q1 2021 | -0.9% | -13.3% | -31.5% | |
| Q4 2020 | +11.5% | +11.6% | -12.1% | |
| Q3 2020 | +13.4% | +8.0% | +202.4% | |
| Q4 2019 | +4.2% | +9.9% | +72.8% | |
| Q2 2019 | -5.8% | -6.6% | -63.9% | |
| Q4 2018 | +13.2% | +0.0% | -43.3% | |
| Q1 2019 | -2.3% | +6.5% | -9.4% | |
| Q3 2018 | +6.0% | +9.4% | -20.9% | |
| Q2 2018 | +6.6% | +4.3% | +43.8% | |
| Q4 2017 | -9.5% | -12.3% | +12.3% | |
| Q1 2018 | -2.2% | +4.8% | +29.1% | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — |
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