Bit Digital posts Q3 2026 profit on higher ETH value and colocation growth
+6 new sources since this summary was written
Bit Digital reported third‑quarter 2026 results on November 12, showing a net profit of $28.5 million, or $0.08 per diluted share, after a loss in the prior quarter. Revenue fell 11% year‑over‑year to $27.1 million, driven by a sharp rise in colocation services (+232% YoY) and a decline in ETH‑staking revenue. The company also disclosed holdings of roughly 163,726 ETH and a 59.7% stake in WhiteFiber valued at about $487 million.
Why it matters
The swing to positive GAAP earnings improves Bit Digital’s balance sheet and may support its ongoing financing activities, according to the filing. Investors will watch the company’s ability to sustain colocation growth while winding down mining operations.
Key facts
- 1Total revenue for Q3 2026 was $27.1 million, an 11% decline from $30.5 million in Q3 2025. sec.gov
- 2Net income attributable to shareholders was $28.5 million, or $0.08 per diluted share, versus a net loss of $107.2 million in Q2 2026. sec.gov
- 3Colocation revenue reached $5.6 million, up 232% from the same quarter a year earlier. sec.gov
- 4ETH‑staking revenue was $1.0 million, down from $2.9 million in Q3 2025. sec.gov
- 5Cash and cash equivalents were about $143.5 million as of September 30, 2026. sec.gov
- 6Bit Digital owned 27,043,750 WhiteFiber shares (59.7% of the company), valued at roughly $487 million based on the $18.01 closing price on September 30, 2026. sec.gov
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.