Bit Digital Revenue Jumps 15% as Cloud Growth Soars Amid Net Loss

Bit Digital reported its Q2 financial results on August 13, 2026, with revenue increasing by 15% to $32.1 million from $27.9 million in the prior quarter.

The company's net loss narrowed to $107.2 million, or $0.31 per diluted share, down from $146.7 million in the first quarter.

Cloud services revenue grew 42% to $23.8 million, driven by new contracts with a gross margin of roughly 58%.

The company's ETH staking yields generated $0.9 million in revenue, down from $2.3 million due to a shift to liquid staking and lower average ETH prices.