BTBT

This article first appeared on GuruFocus. Total Revenue: $27.9 million for Q1 2026, a decrease of 13.7% quarter-over-quarter. Cloud Services Revenue: $16.8 million, down 13.1% quarter-over-quarter. Caucasian Services Revenue: $4.8 million, up 23.9% quarter-over-quarter. Ethereum Staking Revenue: $2.3 million, down 29.4% quarter-over-quarter. Digital Asset Mining Revenue: $3.7 million, down nearly 33% quarter-over-quarter. Net Loss: $146.7 million in Q1 2026, compared to $185.3 million in Q4 2025. Cash and Cash Equivalents: $79.5 million as of March 31, 2026. Digital Assets: $295 million at quarter-end, down from $415.7 million as of December 31, 2025. Ethereum Holdings: Approximately 155,444.41 Ethereum as of March 31, 2026. Market Value of Ethereum Holdings: $327 million as of March 31, 2026. Convertible Notes: Increased to $334 million. Warning! GuruFocus has detected 5 Warning Signs with BTBT. Is BTBT fairly valued? Test your thesis with our free DCF calculator. Release Date: May 15, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Bit Digital Inc (NASDAQ:BTBT) is advancing its strategic asset transition, focusing on Ethereum treasury and staking, AI infrastructure, and disciplined capital allocation. The company maintains a significant ownership position in White Fiber, a core strategic asset providing exposure to AI infrastructure. Bit Digital Inc (NASDAQ:BTBT) is strategically positioned to capitalize on the convergence of AI and Ethereum, viewing compute as a new asset class. The company has been approved by the Ethereum Foundation to purchase ETH directly, validating its long-term commitment to the Ethereum ecosystem. Bit Digital Inc (NASDAQ:BTBT) is actively evaluating strategic acquisition opportunities to expand its infrastructure and treasury strategy. Total revenue for Q1 2026 decreased by 13.7% compared to Q4 2025, reflecting a decline in several revenue streams. Ethereum staking revenue dropped by 29.4% quarter-over-quarter due to lower average Ethereum prices and lower staked balances. Digital asset mining revenue fell by nearly 33% quarter-over-quarter, impacted by lower Bitcoin production and prices. The company reported a net loss of $146.7 million in Q1 2026, although this was an improvement from the previous quarter. Cash and cash equivalents decreased significantly from $118.4 mil...

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Bit Digital (BTBT) just delivered Q1 2026 results that combined higher reported revenue with a wider net loss, landing right as investors were already focused on its Ethereum and AI infrastructure plans. See our latest analysis for Bit Digital. That mix of Ethereum and AI infrastructure headlines, plus the Q1 loss, has coincided with sharp swings, including a 15.26% one day share price decline and a 17.97% 30 day share price gain. However, the 1 year total shareholder return is down 24.16%, signalling momentum that has been choppy rather than firmly established. If Bit Digital's crypto and AI tilt has your attention, it can be worth scanning other blockchain linked opportunities using our cryptocurrency and blockchain stocks screener 24 cryptocurrency and blockchain stocks With Bit Digital reporting US$27.92 million in quarterly revenue, a net loss of US$146.67 million, a recent share price of US$1.81 and an analyst target of US$4.80, is there genuine value on the table, or is future growth already priced in? Bit Digital's most followed narrative pegs fair value at $5.13 per share versus the recent $1.81 price, setting up a wide valuation gap that hinges on a handful of big assumptions. Read the complete narrative. Want to see what justifies a fair value nearly triple the current price? The narrative leans on rapid revenue expansion, margin repair, and a punchy future earnings multiple. Curious which specific growth and profitability assumptions have to hold for that gap to make sense? The full narrative lays out the exact path those numbers follow. The fair value in this widely followed narrative is built using a discount rate of 8.69% and leans heavily on high forecast revenue growth, improved profit margins, and a lower future P/E than earlier versions of the model, all while keeping fair value at $5.13 despite a higher required return. Result: Fair Value of $5.13 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, this hinges on Ethereum concentration and reliance on equity funding, where weaker ETH pricing or heavier dilution could quickly challenge those optimistic margin and valuation assumptions. Find out about the key risks to this Bit Digital narrative. Mixed signals on value, ri...

Bit Digital (BTBT) reported a Q1 2026 net loss of $146.7 million. Mark-to-market hits of $121.1 million on its digital asset holdings drove most of the damage. The Ethereum (ETH)-focused strategic asset company joins a growing list of crypto firms posting steeper Q1 losses. Revenue at Bit Digital fell 13.6% quarter-over-quarter to $27.9 million. Lower cloud services, ETH staking, and digital asset mining revenues each weighed on the result. ETH staking revenue dropped 29.4% to $2.3 million on lower ETH prices. The firm transferred roughly 70,000 ETH into liquid-staked ETH to enhance treasury flexibility. Bit Digital held about 155,444 ETH at quarter-end. The firm's average acquisition price of $3,045 sat well above the $2,104 ETH close on March 31. Follow us on X to get the latest news as it happens Digital asset treasuries reported widespread losses in the past quarter. Sharplink (SBET), the second-largest corporate ETH holder, reported a $685.6 million Q1 net loss. Unrealized losses of $506.7 million and a $191.7 million LsETH impairment drove the increase in net loss. Previously, BitMine Immersion Technologies (BMNR), the largest corporate ETH holder, reported a $3.8 billion loss for the quarter ended February 28, 2026. Not just ETH treasuries. Other crypto-focused firms posted similar results. Forward Industries (FWDI) disclosed a $585.6 million loss tied to Solana (SOL) write-downs. Upexi (UPXI) also posted a $109.3 million net loss. Strategy (MSTR), the largest corporate Bitcoin (BTC) holder, recorded a $12.54 billion Q1 loss tied to BTC's mark-to-market decline. The losses stem from declining crypto prices across the board. Subscribe to our YouTube channel to watch leaders and journalists provide expert insights https://youtu.be/bvGprKRZSDg Read the Original story Bit Digital Joins Growing List of Crypto Firms Reporting Quarterly Losses by Kamina Bashir at beincrypto.com

Image source: The Motley Fool. Wednesday, April 1, 2026 at 7 a.m. ET Chief Executive Officer — Samir Tabar Chief Financial Officer — Erke Huang Operator Need a quote from a Motley Fool analyst? Email [email protected] Samir Tabar: Thank you, Cam, and thank you for everyone for joining. I'll start with our progress in 2025 and how we are positioning the business. We repositioned the company as a strategic asset company or SAC, centered on Ethereum and AI infrastructure. We began exiting Bitcoin mining, built a scaled ETH position and established WhiteFiber as a core asset. Let me start with our Ethereum strategy. We view ETH as core infrastructure, a productive asset, not a passive holding. It allows us to participate directly in network activity through staking within a disciplined risk framework. For investors, Bit Digital provides a yield-generating way to gain productive exposure to the broader Ethereum network. We combine treasury ownership and staking income and disciplined capital allocation. Our focus is on increasing ETH per share, not just growing the balance. We are not optimizing for short-term scale. We are optimizing for long-term compounding. We approach this through a risk-adjusted lens, prioritizing security, liquidity and counterparty quality, while identifying opportunities to enhance returns. The recipe includes capital efficiency, yield generation and long-term compounding. Our ETH position has grown more deliberately than some others in the market, that is intentional. We believe this approach allows us to scale over time without compromising the balance sheet. We've also been deliberate in how we deploy capital across market conditions. We are not accumulating ETH at any price. We are disciplined with how we use equity with a focus on long-term value per share. We are seeing more opportunities to deploy capital, but we will only do so if it's accretive per share. We continue to believe Ethereum is foundational infrastructure for digital assets and on chain financial activity and that its role will expand over time. We expect staking income to become a meaningful and recurring contributor to cash flow. Staking revenue grew nearly 300% in 2025. Nearly half of our full year staking revenue was generated in the fourth quarter, reflecting the scaling of our ETH position over the course of the year. Turning briefly to Bitcoin mining. We continue to...

Interested in Bit Digital, Inc.? Here are five stocks we like better. Bit Digital is shifting away from Bitcoin mining and toward Ethereum treasury/staking, AI infrastructure through WhiteFiber, and other recurring cash-flow businesses. Management said mining is now a lower priority and capital will continue moving to these newer areas. First-quarter revenue fell 13.7% sequentially to $27.9 million, driven by declines in cloud services, Ethereum staking, and mining revenue. The company also reported a net loss of $146.7 million, though that was narrower than the prior quarter. Ethereum remains central to the company’s strategy, with about 155,444 ETH held at quarter-end and roughly 60,677 ETH natively staked as of April 30. Management also said WhiteFiber is a long-term holding and expects AI compute demand to stay strong. Crypto’s Crash May Be Over—These 3 Picks Could Rebound Fast Bit Digital (NASDAQ:BTBT) reported a sequential decline in first-quarter revenue as management said the company continued shifting its business away from legacy Bitcoin mining and toward Ethereum treasury and staking, AI infrastructure and recurring cash-flow opportunities. On the company’s first-quarter 2026 earnings call, Chief Executive Officer Samir Tabar said Bit Digital’s current strategy is centered on three areas: Ethereum treasury and staking, AI infrastructure through its WhiteFiber holding, and “building durable cash flow through disciplined capital allocation.” → Micron Investors Face a High-Stakes Moment After the Latest Rally 3 Ways to Test the Crypto Market Without Owning Bitcoin “We believe these businesses complement each other,” Tabar said. “Ethereum provides long-term treasury exposure and staking yields. WhiteFiber provides exposure to AI infrastructure and compute demand.” Chief Financial Officer Erke Huang said total revenue for the first quarter was $27.9 million, down 13.7% from $32.3 million in the fourth quarter of 2025. The company’s revenue mix continued to move away from mining and toward cloud services, colocation, staking and treasury-related activities. → How Bad Could Tesla’s Cybertruck Recall Be for Shares? Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices Huang provided the following breakdown of quarterly revenue: Cloud services revenue: $16.8 million, down 13.1% quarter over quarter. Colocation services revenue: $4.8 million, up abou...

Image source: The Motley Fool. Friday, May 15, 2026 at 10 a.m. ET Chief Executive Officer — Samir Tabar Chief Financial Officer — Erke Huang Need a quote from a Motley Fool analyst? Email [email protected] Samir Tabar: Thank you, Daniel, and thank you, everyone, for joining us. Before I begin, I would like to extend a hand of welcome to our new Head of Investor Relations, Daniel Kennedy. He was formerly a Board member, adviser and director to publicly listed companies across the digital asset, crypto, fintech, and AI infrastructure sectors. Welcome aboard, Daniel, and we look forward to your abilities to share the BitDigital story and trajectory to our shareholders. Bit Digital continued advancing its strategic asset transition during the first quarter. Our business today is centered around 3 verticals: Ethereum treasury and staking, AI infrastructure through WhiteFiber, and building durable cash flow through disciplined capital allocation. We believe these businesses complement each other. Ethereum provides long term treasury exposure and staking yield. WhiteFiber provides exposure to AI infrastructure and compute demand. Over time, we expect additional operating businesses to support recurring revenue generation across the platform. Starting with Ethereum. We continue viewing Ethereum as foundational infrastructure for digital assets and on chain financial activity. Our approach remains disciplined. We are focused on increasing ease per share over time while maintaining balance sheet flexibility and capital efficiency. Turning to our WhiteFiber Holdings. WhiteFiber remains a coarse strategic asset for BitDigital. And provides critical exposure to AI infrastructure where demand for compute continues to exceeding available supply. We expect these constraints to persist. Presenting opportunities which we believe we are uniquely positioned to capitalize on. We continue viewing WhiteFiber as a long term holding and do not intend to monetize the position in 2026. Our company has a long history of execution in HPC delivering projects on time and on budget to customers and partners. Importantly, Bit Digital continues to maintain a significant ownership position in WhiteFiber. The company held approximately 27 million WhiteFiber shares with a value of approximately $322 million as of the March 2026. Turning briefly to mining. We continued reducing exposure to Bitcoin min...

Lesaka Technologies (LSAK) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +57.14%. A quarter ago, it was expected that this payments company would post earnings of $0.04 per share when it actually produced earnings of $0.08, delivering a surprise of +100%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Lesaka Technologies, which belongs to the Zacks Technology Services industry, posted revenues of $96.37 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 2.95%. This compares to year-ago revenues of $135.67 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Lesaka Technologies shares have added about 5% since the beginning of the year versus the S&P 500's gain of 6%. While Lesaka Technologies has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Lesaka Technologies was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list...

Bit Digital CEO Sam Tabar joined Steve Darling from Proactive to discuss the company’s 2025 financial results, its strategic shift away from Bitcoin mining, and its growing focus on Ethereum staking and AI infrastructure. The company reported approximately $115 million in revenue for 2025, reflecting a deliberate transformation of its business model. Tabar explained that Bit Digital Inc has been reallocating capital away from Bitcoin mining into higher-return opportunities, particularly Ethereum staking and high-performance computing (HPC). Ethereum has emerged as a core pillar of the company’s strategy, with holdings reaching approximately 155,000 ETH. The majority of these holdings are staked to generate yield, contributing to a significant increase in staking revenue. Tabar noted that “staking revenue actually increased by 300% this year,” highlighting the rapid expansion of this segment and its growing importance to overall performance. The company views Ethereum as programmable financial infrastructure, enabling both yield generation and deeper participation in network economics. Bit Digital is also expanding its exposure to AI infrastructure through its majority stake in WhiteFiber, while maintaining a disciplined approach to capital allocation. The company is actively evaluating acquisition opportunities aimed at building cash-generating businesses and establishing a long-term growth flywheel. Tabar emphasized that the company’s exit from Bitcoin mining is permanent, citing declining economics and capital inefficiencies across the sector as key drivers behind the decision. #proactiveinvestors #bitdigitalinc #nasdaq #btbt #Ethereum #ETHStaking #AIInfrastructure #HighPerformanceComputing #CryptoStrategy #DigitalAssets #Blockchain #StakingRewards #TechTransformation #WhiteFiber #AIGrowth #CloudComputing #CryptoMining #FinancialResults

This article first appeared on GuruFocus. Fourth-Quarter Revenue: $32.3 million, up from $25.8 million year-over-year. Full-Year Revenue: $113.6 million, a 5% increase compared to 2024. Digital Asset Mining Revenue: $27.3 million for the year, down 53% compared to 2024. Cloud Services Revenue: $68.8 million, up 50% year-over-year. Colocation Services Revenue: $8.9 million, up from $1.4 million in the prior year. Ethereum Staking Revenue: $7 million, up from $1.8 million in 2024. Gross Profit for Q4: Approximately $18 million, with a gross margin of 56% compared to 40% last year. Net Loss for 2025: $84.9 million, compared to a net income of $28.3 million in 2024. Adjusted EBITDA for 2025: Negative $24.9 million, compared to a positive $73 million in 2024. Cash and Cash Equivalents at Year-End: $118.4 million, up from $95.2 million at the end of 2024. Total Digital Assets at Year-End: $415.7 million, up from $161.4 million in the prior year. Warning! GuruFocus has detected 5 Warning Signs with BTBT. Is BTBT fairly valued? Test your thesis with our free DCF calculator. Release Date: April 01, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Bit Digital Inc (NASDAQ:BTBT) has repositioned itself as a Strategic Asset Company, focusing on Ethereum and AI infrastructure, which is expected to drive long-term growth. The company has seen a significant increase in Ethereum staking revenue, growing nearly 300% in 2025, indicating successful scaling of their ETH position. Bit Digital Inc (NASDAQ:BTBT) has a strong balance sheet with $118.4 million in cash and cash equivalents, providing financial stability and flexibility for future investments. The company's ownership in WhiteFiber offers key exposure to AI infrastructure, aligning with structural growth in the market and providing a high-quality, liquid asset. Bit Digital Inc (NASDAQ:BTBT) is actively pursuing M&A opportunities to acquire or build cash-generating businesses, which will support their strategy of deploying capital into high-conviction assets like Ethereum. The company reported a net loss of $84.9 million for 2025, compared to a net income of $28.3 million in 2024, largely due to digital asset revaluation. Adjusted EBITDA for the year was negative $24.9 million, reflecting challenges in achieving profitability amidst the transition away from Bitcoin...

Repositioned as a Strategic Asset Company (SAC) to move beyond passive holdings toward productive, yield-generating infrastructure. Executing a deliberate exit from Bitcoin mining, treating it as a legacy cash-flow source to fund the transition rather than a growth segment. Prioritizing 'ETH per share' growth over absolute scale to ensure long-term compounding without compromising the balance sheet through undisciplined equity use. Leveraging a 70% majority stake in WhiteFiber to provide high-quality liquid asset flexibility and structural exposure to AI compute demand. Attributed 2025 net loss primarily to non-cash digital asset revaluations rather than underlying operational performance of the core business units. Shifted revenue mix toward recurring streams, with Ethereum staking revenue growing nearly 300% in 2025 as the position scaled. Next phase of the SAC model focuses on building a durable cash flow engine to reduce reliance on dilutive external capital for ETH accumulation. Actively evaluating M&A opportunities for cash-generating businesses, specifically targeting the intersection of Ethereum and agentic AI. Management committed to not monetizing the WhiteFiber ownership stake during 2026, viewing it as a core long-term strategic asset. Expects staking income to become a meaningful and recurring contributor to total corporate cash flow as the ETH position matures. Anticipates a gradual decline in Bitcoin hash rate as older, less efficient miners are retired without replacement capital. Issued $150 million in convertible notes during 2025 specifically to fund the expansion of Ethereum holdings. Consolidated WhiteFiber financials include significant non-controlling interests following its IPO, impacting reported cash and asset balances. Acknowledged macro pressures and rotation into gold as temporary headwinds for digital asset pricing in the recent period. Flagged regulatory clarity as a prerequisite for the 'golden age' of institutional Ethereum adoption. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management clarified they are not looking to acquire other digital asset treasuries but rather businesses with clear paths to cash flow. Expressed specific interest in the 'agentic AI economy' and its intersection with the Ethereum blockchain for...

Bit Digital is repositioning as a “strategic asset company” centered on Ethereum staking and AI infrastructure, deliberately winding down bitcoin mining and treating its 70% stake in WhiteFiber as a core long-term asset with no planned monetization in 2026. Revenue grew from cloud, colocation and staking—staking revenue rose nearly 300% in 2025—but the company reported a net loss attributable to shareholders of $84.9 million and negative adjusted EBITDA, driven largely by unfavorable digital‑asset revaluation. Capital strategy combines disciplined ETH accumulation (funded in part by $150 million of convertible notes), a year‑end cash balance of $118.4 million and $415.7 million in digital assets, while M&A focus targets cash‑flowing crypto/Ethereum and AI‑adjacent businesses. Interested in Bit Digital, Inc.? Here are five stocks we like better. Crypto’s Crash May Be Over—These 3 Picks Could Rebound Fast Bit Digital (NASDAQ:BTBT) used its fourth quarter and full-year 2025 earnings call to outline a strategic repositioning away from bitcoin mining and toward an “Ethereum and AI infrastructure” model, while also reviewing results that reflected a sharp swing to a net loss driven largely by digital asset revaluation. Chief Executive Officer Samir Tabar said the company “reposition[ed] the company as a strategic asset company or SAC, centered on Ethereum and AI infrastructure.” As part of that shift, Tabar said Bit Digital began exiting bitcoin mining, built a larger Ethereum (ETH) position, and established WhiteFiber as a core asset. → 3 Utility Stocks With Strong Dividends and Room to Run Higher 3 Ways to Test the Crypto Market Without Owning Bitcoin Tabar described the company’s ETH strategy as focused on ETH as “core infrastructure” and “a productive asset, not a passive holding,” primarily through staking. He added that the company’s focus is “increasing ETH per share, not just growing the balance,” emphasizing long-term compounding and disciplined capital allocation rather than “short-term scale.” Tabar also noted that the company has been “deliberate” in how it deploys capital, saying Bit Digital is “not accumulating ETH at any price” and is “disciplined with how we use equity with a focus on long-term value per share.” → Could Easing Iran Tensions Trigger an Amazon Pre-Earnings Rally? Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices Tabar said...