FeesSafety
Pluang+

Bit Digital posts $28.5M Q3 net income, rebounds from Q2 loss with strong digital asset gains.

Protocol Fundamentals
12 Nov 2026, 17:30 WIB
Tokenpost
View Source
Bullish
Bit Digital posts $28.5M Q3 net income, rebounds from Q2 loss with strong digital asset gains.

Bit Digital reported a net income of $28.5 million for Q3 2026, reversing a $107.2 million loss in Q2, driven mainly by gains on digital assets including a large Ether holding valued at about $439.4 million. The company sold some Ether but did not buy any, and also converted part of its Ether into liquid staking assets used as collateral. Revenue declined 11% year-over-year to $27.1 million, with hosting revenue surging 232% due to new site operations. Bitcoin mining revenue fell as Bit Digital gradually exited that business. The company maintains a majority stake in WhiteFiber and does not plan to sell it in 2026.

Bit Digital's Q3 profit and Ether holdings provide context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Nov 12, 2026 22:32 WIB: out of 50 major cryptocurrencies, 6 rose and 43 fell. Notable movers include SAND at Rp730 with a 1-day change of -5.30% and Pluang order activity of 75% Sell / 25% Buy, ZIL at Rp27 with -5.14% change and 15% Sell / 85% Buy, and GRT at Rp304 with -5.06% change and 92% Sell / 8% Buy.

More News

Existing-home sales fell 5.5% in October, hitting lowest levels since 2010 amid rising mortgage rates.

Existing-home sales fell 5.5% in October, hitting lowest levels since 2010 amid rising mortgage rates.

Existing-home sales in the U.S. dropped 5.5% month-over-month and 8.8% year-over-year in October, reaching the lowest level since August 2010. The decline is attributed to mortgage rates rising to their highest since 2000, making home buying more dif...

Market News
Bearish
57 minutes ago
Specialty zeolites market to grow 50% by 2032, driven by environmental and industrial demand

Specialty zeolites market to grow 50% by 2032, driven by environmental and industrial demand

The global specialty zeolites market, valued at $1 million in 2025, is projected to reach $1.5 million by 2032 with a 5.8% CAGR. Growth is fueled by stricter environmental regulations and rising demand in water treatment, petrochemicals, agriculture,...

Bullish
57 minutes ago
Global cell lysis and fractionation market to reach $4.5B by 2032, driven by biotech advances and personalized medicine.

Global cell lysis and fractionation market to reach $4.5B by 2032, driven by biotech advances and personalized medicine.

The global cell lysis and cell fractionation market, valued at $2.8 billion in 2025, is projected to grow to $4.5 billion by 2032 at a 7% CAGR. Growth is fueled by advances in biotechnology, increased life sciences research investments, and rising de...

Market News
Bullish
57 minutes ago
atQor named finalist for 2026 Microsoft Partner of the Year for agentic AI solutions across industries

atQor named finalist for 2026 Microsoft Partner of the Year for agentic AI solutions across industries

atQor has been named a finalist for the 2026 Microsoft Partner of the Year Award in the Agents category, recognized for its innovative and scalable agentic AI solutions deployed across nine industries. The company developed 252 AI agents in FY26, wit...

Market News
Bullish
57 minutes ago
Interlink Electronics reports Q3 2026 revenue growth and plans transformative acquisition closing in Q4

Interlink Electronics reports Q3 2026 revenue growth and plans transformative acquisition closing in Q4

Interlink Electronics announced a 3.4% revenue increase to $3.06 million for Q3 2026 and a 9.6% rise to $9.9 million for the first nine months of 2026, driven by higher shipments of force-sensing and gas-sensor products. The company reported a net lo...

Company Fundamentals
Neutral
1 hour ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App