#BitDigital转型

Bit Digital (BTBT) Strategic Transformation Highlights:

1. Shift to Ethereum

• ETH Holdings: Holding 121,076 ETH (approximately $511.5 million), 105,015 ETH staked, annualized yield of 3.1%.

• Exiting Bitcoin Mining: Stopped new mining machine investments, Q2 mining revenue decreased by 58.8% to $6.6 million.

2. Financial Performance

• Q2 Financial Report: Total revenue of $25.7 million (down 11.7% year-on-year), net profit of $14.9 million (loss of $12 million in the same period last year).

• Assets: Total cash and digital assets of $2.73 billion (cash $181.2 million, digital assets $912 million).

• WhiteFiber IPO: Spin-off subsidiary listed, Bit Digital holds 74.3%, valued at approximately $468.4 million.

3. Business Optimization

• Cloud Services: Revenue increased by 32.8% to $16.6 million, offsetting the decline in mining revenue.

• Low Cost: Operating costs of ETH staking are below EBIT by 10%, planning to further streamline expenses.

4. Regulation and Market

• Favorable Policies: U.S. GENIUS Act and CLARITY Act reduce compliance risks for ETH staking.

• Market Performance: Q2 revenue was below expectations ($27.47 million), but stock price increased by 8.9% year-to-date.

5. Future Outlook

• Goal: To become the largest public market ETH holding company on Nasdaq, achieving long-term growth through staking and cloud services.

• Challenges: ETH price volatility, SEC regulatory uncertainty.