Bit Digital Q2 Earnings: Revenue Miss, EPS Beat, Ethereum Strategy In Focus As Bitcoin Operations Wind Down
Bit Digital Inc (NASDAQ:BTBT) reported second-quarter financial results after the market close on Thursday. Here’s a look at the key details from the quarter.
Q2 Earnings: Bit Digital reported second-quarter revenue of $25.7 million, missing analyst estimates of $27.47 million, according to Benzinga Pro. The company reported second-quarter earnings of 7 cents per share, beating analyst estimates for a loss of two cents per share.
Bit Digital, which recently initiated a strategic transition to become a pure-play Ethereum (CRYPTO: ETH) staking and treasury company, said revenue decreased 11.7% year-over-year primarily due to a decrease in digital asset mining revenue, which was down 58.8% year-over-year. The company said cloud services revenue grew …
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