Bit Digital announces preliminary Q2 2025 revenue estimate of $24.3M to $26.9M

Bit Digital, Inc. (NASDAQ:BTBT), with a market capitalization of $934 million, announced Monday its preliminary, unaudited revenue for the second quarter ended June 30, 2025 is expected to range between $24.3 million and $26.9 million. The company disclosed these estimates based on currently available information, as reported in a statement released through a Securities and Exchange Commission filing. According to InvestingPro data, the company's revenue is forecast to grow 23% in fiscal year 2025.

Bit Digital stated that these figures are preliminary and subject to completion of its financial closing procedures. The company noted that actual results may differ from the estimates provided.

The company also clarified that its independent registered public accounting firm, Audit Alliance LLP, has not audited, reviewed, compiled, or performed any procedures with respect to the preliminary financial information. As a result, the accounting firm does not express an opinion or any form of assurance regarding these estimates.

Bit Digital’s ordinary shares are listed on the Nasdaq Capital Market under the ticker BTBT.

The company emphasized that the information is being furnished as part of its reporting obligations and is not considered filed for purposes of Section 18 of the Securities Exchange Act of 1934. The announcement was made in a press release statement included in the SEC filing.

In other recent news, Bit Digital, Inc. announced a $67.3 million share offering aimed at purchasing Ethereum. The company has entered into an agreement with B. Riley Securities for a direct offering of 22 million ordinary shares, with plans to use the proceeds to expand its Ethereum holdings. Bit Digital has also completed a transition to an Ethereum treasury strategy, accumulating approximately 100,603 ETH after raising $172 million through a public offering and converting its remaining Bitcoin holdings to Ethereum. The company previously held 24,434 ETH as of March 31, 2025, and sold about 280 BTC to further increase its Ethereum position. Additionally, Bit Digital raised $21.4 million through an exercise of share options, bringing its total proceeds from a recent public offering to approximately $162.9 million, which it plans to use for further Ethereum purchases. This strategic shift underscores Bit Digital's focus on becoming a leading Ethereum treasury platform. The company operates an Ethereum staking infrastructure, which includes validator operations and yield optimization services. These developments come amid a surge in crypto-exposed stocks, with Bit Digital's stock among those experiencing gains.

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