Bit Digital Revenue Rises 15% Sequentially in Q2, Eyes Share Repurchase

Bit Digital reported second-quarter revenue of $32.1 million, up 15% sequentially, as cloud services growth helped offset lower Ethereum staking and bitcoin mining revenue.

The company also outlined a capital-allocation strategy centered on its Ethereum holdings and its majority interest in data-center business WhiteFiber.

Cloud services revenue rose 42% from the first quarter to $23.8 million, driven by new contracts entering service and expanded existing agreements.