Bit Digital Joins Growing List of Crypto Firms Reporting Quarterly Losses
BeInCrypto
Bit Digital reported a $146.7 million Q1 2026 loss, primarily driven by mark-to-market declines on its Ethereum treasury holdings.Summary
Bit Digital (BTBT) recorded a net loss of $146.7 million in the first quarter of 2026, largely due to $121.1 million in mark-to-market losses on its Ethereum holdings. Revenue also saw a 13.6% decline quarter-over-quarter, totaling $27.9 million, impacted by lower performance in cloud services, ETH staking, and digital asset mining. The firm joins a broader trend of crypto-focused companies reporting significant quarterly losses, including Sharplink, BitMine Immersion Technologies, and Strategy (MSTR), as falling digital asset prices weigh heavily on corporate treasuries.
(Source：BeInCrypto)