Bit Digital shifts focus to Ethereum and AI, reports $113.6M revenue but $80.3M net loss in 2025

Bit Digital reported $113.6 million in revenue for fiscal year 2025, up 5% from 2024, driven by growth in cloud services, colocation, and Ethereum staking, despite a 53% drop in digital asset mining revenue. The company posted a net loss of $80.3 million, reflecting volatility in crypto asset prices and a strategic shift away from bitcoin mining toward an Ethereum-focused treasury and staking strategy. Bit Digital increased its Ethereum holdings significantly and maintains majority ownership in AI infrastructure firm WhiteFiber, positioning itself as a Strategic Asset Company focused on long-term growth in digital assets and AI compute infrastructure. The company plans to continue growing its Ethereum position while winding down bitcoin mining operations.