Bit Digital Q3 Financial Report: Holds Approximately 163,726 ETH, Net Profit of $28.5 Million

Bit Digital has released its Q3 2026 financial report, holding approximately 163,725.9 ETH, with a market value of about $439,400,000. During the quarter, it sold 1,625 ETH at an average price of $2,114.62, with no ETH purchased. A total of 73,683 ETH has been converted to liquid staking, yielding 66,192 LsETH, of which 19,000 ETH are used as loan collateral and 47,192 ETH serve as margin buffer. An impairment of $3,200,000 was recognized for LsETH, while staking revenue from ETH was $1,000,000, showing a year-on-year decline. Total revenue amounted to $27,100,000, a decrease of 11% compared to the same period last year; net profit attributable to shareholders was $28,500,000, recovering from a net loss of $107,200,000 in the second quarter, with profits mainly derived from digital asset earnings. As of September 30, cash and cash equivalents stood at $143,500,000. By segment, cloud services revenue was $18,100,000, and custody revenue was $5,600,000, reflecting a year-on-year growth of 232%. Bitcoin mining revenue was $2,000,000, with a mining output of 28.4 BTC for the quarter, compared to 64.9 BTC in the same period last year. Bit Digital holds a 59.7% stake in WhiteFiber and does not plan to sell it within 2026.

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