8-K - Bit Digital, Inc. | StockGist

AI Analysis

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Bit Digital reported a fiscal year 2025 net loss of $80.3 million, a swing from prior year income, as the company transitions to an Ethereum-focused treasury strategy.

Key Takeaways

1Total revenue increased 5% to $113.6 million, driven by growth in cloud and ETH staking revenue which offset a 53% decline in mining revenue.

2Net loss attributable to shareholders was $(80.3) million, or $(0.31) per diluted share, compared to net income of $28.3 million in the prior year.

3Adjusted EBITDA was $(24.9) million, down from $73.0 million, primarily due to a swing in digital asset gains/losses.

4The Company held 155,227 ETH with a market value of approximately $460.6 million as of December 31, 2025, with 89% actively staked.

5Cash and cash equivalents totaled $118.4 million, while total digital assets reached $415.7 million at year-end.

Current Report Details

Event Type

Financial Results

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

2.02

shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”), and shall not be deemed incorp

Financial Results

9.01

. Financial Statements and Exhibits.** ** ** (d) Exhibits | Exhibit No. | Description | | |---|---|---| | 99.1 | | Press Release dated March 31, 2026, titled “B

Exhibits Only

Source Document

Results of Operations

Fiscal Year 2025

Metric	Value	Basis	Prior Period
Total Revenue	$113.60		$108.00
Revenue from Digital Asset Mining	$27.30		$58.60
Revenue from Cloud Services	$68.80		$45.70
Revenue from Colocation Services	$8.90		$1.40
Revenue from ETH Staking	$7.00		$1.80
Net Loss Attributable to Shareholders	$-80.30	GAAP	$28.30
Diluted EPS	$-0.31	GAAP	$0.19
Adjusted EBITDA	$-24.90	Non-GAAP	$73.00

Exhibits (2)

8-K

CURRENT REPORT

99.1

PRESS RELEASE DATED MARCH 31, 2026, TITLED "BIT DIGITAL, INC. ANNOUNCES FISCAL YEAR 2025 FINANCIAL REPORTS"