Shares in Nasdaq-listed Bit Digital fell 9.3% in premarket trading on Thursday after the Ethereum treasury and AI infrastructure company reported third-quarter revenue below analysts’ estimates.
Bit Digital reported $27.1 million in revenue, down 11% from $30.5 million a year earlier. Net income attributable to shareholders was $28.5 million, or 8 cents per diluted share, according to its Thursday SEC filing.
The company’s revenue came in nearly 16% below analyst consensus estimates of about $32.2 million, marking a $5.1 million shortfall, according to Yahoo Finance.
Bit Digital reported $1 million in Ether (ETH) staking revenue, down about 66% from $2.9 million a year ago. The company reported holdings equivalent to about 163,726 ETH, worth $439.4 million as of Sept. 30.
Its Bitcoin mining revenue fell to $2 million from $7.4 million a year earlier.
Bit Digital said that the decline in mining revenue was “consistent with the continued winddown of the business.” The company revealed it pivoted its corporate treasury strategy from Bitcoin to Ether in July 2025.
Related: Bit Digital buys $20M worth of Ethereum, expands treasury to 158K ETH
