Bit Digital released its financial report: the net profit for the second quarter reached $14.9 million

According to reports, Bit Digital, Inc. (NASDAQ: BTBT) has released its financial results for the second quarter of 2025. The total revenue for the quarter was $25.7 million, a decrease of 11.7% compared to $29 million in the same period of 2024. Revenue from digital asset mining was $6.6 million, down 58.8% year-on-year. Revenue from cloud services was $16.6 million, an increase of 32.8% year-on-year. ETH staking revenue was $400,000, a decrease of 2.3% from the second quarter of 2024. Net profit reached $14.9 million, with a diluted earnings per share of $0.07, compared to a net loss of $12 million in the same period last year. The adjusted EBITDA for the second quarter of 2025 was $27.8 million, while it was $3.8 million in the same period of 2024. As of August 11, the company's total cash and cash equivalents amounted to $181.2 million, and the total amount of digital assets was $91.2 million. During the second quarter, Bit Digital launched a strategic transformation plan aimed at becoming a company focused on Ethereum fund management and staking. As of August 11, Bit Digital held 121,076 ETH, with 105,015 ETH actively staked.