Bit Digital’s third-quarter revenue of $27 million fell 16% short of analyst consensus predictions, resulting in a deficit exceeding $5 million.
Equities of the Nasdaq-traded firm Bit Digital dropped 9.3% during Thursday premarket hours after the artificial intelligence infrastructure and Ethereum treasury enterprise disclosed third-quarter revenue that missed analyst projections.
Bit Digital announced $27.1 million in revenue, representing an 11% decline compared to $30.5 million during the same period last year. Shareholder-attributable net income reached $28.5 million, translating to 8 cents per diluted share, according to its Thursday SEC filing.
The company’s earnings missed analyst consensus expectations of approximately $32.2 million by nearly 16%, translating to an $5.1 million deficit, based on figures from Yahoo Finance.
Bit Digital recorded $1 million in Ether (ETH) staking income, marking a roughly 66% drop from $2.9 million twelve months prior. Furthermore, the organization reported holding a total of 163,725 ETH valued at $439.4 million.
Its income generated from Bitcoin mining amounted to $2 million, down from $7.4 million the previous year.
Bit Digital stated that the reduction in mining earnings was “consistent with the continued winddown of the business.” The enterprise disclosed that it shifted its corporate balance sheet strategy from Bitcoin to Ether in July 2025.
Related: Bit Digital buys $20M worth of Ethereum, expands treasury to 158K ETH
Originally published at https://cointelegraph.com/news/bit-digital-stock-falls-q3-revenue-miss?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound.
