FeesSafety
Pluang+

Bit Digital Q3 revenue drops 11% as Bitcoin mining declines, colocation services soar 232%.

Market News
12 Nov 2026, 21:03 WIB
Crypto Briefing
View Source
Neutral
Bit Digital Q3 revenue drops 11% as Bitcoin mining declines, colocation services soar 232%.

Bit Digital reported a third-quarter revenue of $27.07 million, down 11% from last year and below analyst estimates. The company saw a significant 232% increase in colocation services revenue, driven by WhiteFiber's NC-1 data center, while Bitcoin mining revenue fell sharply. Net income turned positive at $28.5 million, helped by digital asset gains. Bit Digital is shifting focus away from Bitcoin mining toward Ethereum and AI infrastructure, considering share buybacks amid a stock discount to net asset value.

Bit Digital's Q3 revenue report provides context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Nov 13, 2026 02:02 WIB: out of 50 priced major cryptocurrencies, 6 rose and 43 fell today. Notable movers include UNI (Uniswap) at Rp109.087 with a 1-day change of -8.11% and a typical hold time of 66 days, AAVE (Aave) at Rp2.060.358 with a 1-day change of -7.86% and a typical hold time of 107 days, and ZIL (Zilliqa) at Rp27 with a 1-day change of -5.18% and a typical hold time of 134 days.

More News

BASF to sell its mining solutions business to SNF, deal expected to close in 2027.

BASF to sell its mining solutions business to SNF, deal expected to close in 2027.

BASF has agreed to sell its global mining solutions business to SNF, a specialty chemical company based in France, following a strategic review of BASF's Performance Chemicals division. The deal includes BASF's mining chemicals portfolio, production ...

Company Fundamentals
Neutral
43 minutes ago
TDG Gold sells 51% of Aurora West project to Freeport for C$110M, with potential for Freeport to increase stake.

TDG Gold sells 51% of Aurora West project to Freeport for C$110M, with potential for Freeport to increase stake.

TDG Gold Corp. has agreed to sell a 51% interest in its Aurora West property to Freeport-McMoRan for C$110 million in cash. Freeport also has an option to increase its ownership to 75% or 100% by funding an additional C$80 million in exploration and ...

Company Fundamentals
Bullish
49 minutes ago
Union Station seeks 627 more turkeys to meet 1,100 goal for Thanksgiving meals drive.

Union Station seeks 627 more turkeys to meet 1,100 goal for Thanksgiving meals drive.

Union Station Homeless Services is requesting community help to donate 627 frozen turkeys for its annual Dinner in the Park event, aiming to serve 6,000 Thanksgiving meals. The turkey drive will be held on November 16-17 in Pasadena, California. Dona...

Others
Neutral
50 minutes ago
Timeplast opens public investment for its water-soluble plastic licensing under Regulation A+.

Timeplast opens public investment for its water-soluble plastic licensing under Regulation A+.

Timeplast, a materials company with over 9,000 customers, has launched a Regulation A+ offering open to the public to license its patented water-soluble plastic technology. This plastic dissolves in water after a programmed period, reducing plastic w...

Others
Bullish
1 hour ago
Over 100 BCMA-targeted therapies in development are driving innovation in multiple myeloma treatment.

Over 100 BCMA-targeted therapies in development are driving innovation in multiple myeloma treatment.

DelveInsight's 2026 report highlights more than 100 BCMA-targeted therapies in various clinical stages, focusing on multiple myeloma and other diseases. Leading pharma companies like Pfizer, Regeneron, and AstraZeneca are advancing treatments includi...

Market News
Bullish
1 hour ago
banner-footerbanner-footer

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