Techub News reports that NASDAQ-listed company Bit Digital (stock code BTBT) has announced its second-quarter financial results. Total revenue was $25.7 million, a year-on-year decrease of 11.7%; net income was $14.9 million, compared to a net loss of $12 million in the same period last year; digital asset mining revenue was $6.6 million, a year-on-year decrease of 58.8%; cloud services revenue was $16.6 million, a year-on-year increase of 32.8%; total service revenue was $1.7 million; ETH staking revenue was $400,000, a year-on-year decrease of 2.3%. As of June 30, cash and cash equivalents were $181.2 million, and digital assets were $9.12 million. As of August 11, it held a total of 121,076 Ethereum, valued at approximately $511.5 million.

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