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Bit Digital, Inc. — Third Quarter 2026 Earnings Summary

  • Q3 2026 revenue declined 11% year-over-year to $27.1 million, while net income turned positive at $28.5 million ($0.08 per share) compared to a $107.2 million loss in Q2 2026; nine-month revenue rose 7% to $87.1 million.
  • Strategic capital allocation is shifting toward Ethereum and AI infrastructure, with no meaningful growth capital planned for Bitcoin mining, which is being wound down despite remaining gross margin positive.
  • Contract liabilities surged to $154.1 million from $7.7 million at year-end 2025, with remaining performance obligations totaling $729.0 million, including $235.1 million expected in 2027.
  • Share repurchase programs remain under consideration subject to shareholder approval and liquidity funding plans, while the company holds $143.5 million in cash and 163,725.9 ETH valued at $439.4 million.
  • Consolidated convertible notes increased to $445.3 million as of September 30, 2026, following debt repayments by WhiteFiber and Bit Digital, with additional facility drawdowns occurring post-quarter end.
Company
BIT DIGITAL INC
Sector
Financial Services
Industry
Capital Markets