Bit Digital Q2 revenue rises 15% with strong cloud growth; net loss narrows to $107M amid strategic ETH-backed financing.

Bit Digital reported a 15% revenue increase to $32.1 million in Q2 2026, driven by a 42% surge in cloud services revenue and steady colocation income. The company executed a treasury-backed financing to fund WhiteFiber's NC-1 data center without selling ETH or issuing equity, preserving its strategic assets. Despite a net loss of $107.2 million, the loss narrowed from the previous quarter, impacted by non-cash digital asset adjustments. Bit Digital continues shifting focus from bitcoin mining to Ethereum and AI infrastructure, with WhiteFiber poised for growth through new multi-year cloud contracts and upcoming NC-1 contributions starting Q3.