Bit Digital announced its second-quarter financial report for 2025 with a net profit of 14.9 million USD.
Bit Digital's second-quarter revenue slightly decreased but profits improved significantly thanks to the shift towards Ethereum fund management and staking services.
MAIN CONTENT
Bit Digital achieved a net profit of 14.9 million USD, shifting focus to Ethereum staking.
KULR Technology profits from increased Bitcoin holdings and record revenue in Q2.
SEC delays the approval decision for the Solana ETF, pushing the deadline to October 16, 2025.
How did Bit Digital report its financial results for Q2 2025?
Bit Digital reported second-quarter revenue of 25.7 million USD, down 11.7% compared to the same period in 2024, but achieved a net profit of 14.9 million USD, a significant improvement from a loss of 12 million USD in the same period.
Detailed analysis shows that revenue from digital asset mining decreased by 58.8%, while revenue from cloud services increased by 32.8%. The company has transitioned its strategy to Ethereum fund management and staking, with over 105,000 ETH being effectively staked. Total cash and digital asset holdings are 181.2 million USD and 91.2 million USD, respectively, supporting financial stability.
Bit Digital is reshaping its business model towards Ethereum fundraising and staking to optimize future profits.
Excerpt from Bit Digital's financial report, NASDAQ, Q2 2025
What financial achievements has KULR Technology accomplished in Q2 2025?
KULR Technology benefits from the increased Bitcoin holdings, leading to a net profit of up to 8.14 million USD, with second-quarter revenue of 3.97 million USD, a 63% growth compared to the same period.
The company currently holds 1,021 BTC with a recorded Bitcoin yield of 291.2%, generating the highest revenue and profit ever, demonstrating the effectiveness of the digital asset investment strategy.
What decision has the SEC made regarding the Solana ETF proposal?
The U.S. Securities and Exchange Commission (SEC) announced the postponement of the approval decision for two Solana ETF proposals until October 16, 2025, to allow more time to evaluate related issues.
Companies like Bitwise and 21Shares have submitted amended filings to meet SEC requirements. This is a step forward in the cryptocurrency ETF licensing process, while enhancing transparency and compliance in the digital asset market.
The extension of the review period allows the SEC to be more accurate in addressing the complex issues of the Solana ETF.
U.S. Securities and Exchange Commission (SEC), Official Announcement, August 2025
What other highlights are there in the cryptocurrency market in Q2 2025?
Coinbase completed the acquisition of Deribit for 2.9 billion USD, becoming the leading player in the global cryptocurrency derivatives market. At the same time, MicroStrategy rebranded as Strategy Inc., maintaining its position as the largest publicly traded Bitcoin holding company in the world.
Citigroup is also exploring offering stablecoin custody services and digital asset-based payment solutions, anticipating the growth trend of DeFi and related ETF products.
How has Bit Digital adjusted its strategy with Ethereum?
In Q2, Bit Digital shifted focus to Ethereum fund management and staking services. As of August 11, 2025, the company owns 121,076 ETH, of which 105,015 ETH are being staked.
This strategy helps Bit Digital diversify its revenue sources, reduce dependence on traditional mining, and leverage the growth trend of the Ethereum network with stable staking yields.
Frequently Asked Questions
Where does Bit Digital's main revenue in Q2 2025 come from?
Revenue mainly comes from cloud services (16.6 million USD) and digital asset mining (6.6 million USD), although mining has decreased significantly compared to last year.
When did the SEC set a new deadline for the approval decision of the Solana ETF?
October 16, 2025, is the new deadline for the approval or rejection of Solana ETF proposal filings.
How much ETH is Bit Digital holding and staking?
Bit Digital holds 121,076 ETH, of which 105,015 ETH are actively staked as of August 2025.
What are the main sources of KULR Technology's profits?
The main profit comes from increased Bitcoin holdings and an investment yield of 291.2% in Q2 2025.
What significant acquisition did Coinbase make in 2025?
Coinbase completed the acquisition of the derivatives exchange Deribit for 2.9 billion USD, reinforcing its leading position.
Source: https://tintucbitcoin.com/tin-tuc-nong-tien-dien-tu-14-15-8/
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