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BTBT Stock Jumps on Revenue Beat and AI Cloud Pivot

Guavy AI Editorial Team
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BTC
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Bit Digital Inc.'s stock price surged by 14.04% on Thursday, August 20, 2026, driven by its expanding bitcoin mining operations and a significant revenue beat in the second quarter of 2026.

The company reported a Q2 EPS loss of $0.31, improved from last year's $0.45 loss, while revenue jumped to $32.1M, beating the $22.61M consensus forecast.

Bit Digital is shifting its focus towards cloud and colocation services, with WhiteFiber/NC-1 cloud unit billing and securing over $540M in multi-year contracts, expected to generate more than $200M in annualized revenue once fully deployed.

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