Bit Digital reports Q3 revenue miss as shares slide pre‑market
Image: CointelegraphBit Digital posted Q3 revenue of $27.1 million, down 11% year over year and about 16% below analyst estimates. The shortfall exceeded $5 million. Net income was $28.5 million. Shares fell roughly 9% in pre‑market trading after the results. The company's shift toward Ethereum assets continues amid declining mining revenue.
Key points
- Bit Digital reported Q3 revenue of $27.1 million, an 11% decline from the prior year.
- Net income for the quarter was $28.5 million.
Why it matters
The earnings miss underscores revenue challenges for Bit Digital's mining transition, while strong net income shows reliance on digital‑asset gains, influencing investor perception of mining firms.
What's unclear
The reported revenue shortfall is described as $5.1 million by Cointelegraph and as "more than $5 million" by Crypto Briefing.
Price context · ETH
At publication
$2,009.54
Now
$2,000.71
Change since
−0.44%
7 days · dashed line = publication
Sources · 2 publishers
Crypto Briefing
Tier 2
Bit Digital stock falls 9% in pre-market after Q3 revenue miss
Crypto Briefing
Tier 2
Bit Digital swings to $28.5 million Q3 profit as revenue falls 11%
Coverage timeline
- First reported by Cointelegraph
- Also reported by Crypto Briefing
- CryptoVideos brief published
- 1 more publisher added to sources
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
