Bit Digital reports 14% revenue drop in Q1, driven by lower ETH staking rewards
The Block
Bit Digital's Q1 revenue fell 13.6% to $27.9 million, primarily due to declines in ETH staking, cloud services, and crypto mining income.Summary
Bit Digital reported a 13.6% revenue decline to $27.9 million in the first quarter of 2026, alongside a net loss of $146.7 million. The drop was largely attributed to lower income from ETH staking, cloud services, and bitcoin mining. Despite these financial pressures, the company continues to pivot its strategic focus away from bitcoin mining toward Ethereum treasury operations and AI infrastructure through its subsidiary, WhiteFiber.
(Source：The Block)