EL7.AI
CryptoMedium•12 November 2026•
1 min read

Bit Digital Returns to Profit in Q3 Driven by $439M Ethereum Holdings

Key Facts

1Bit Digital reported a net profit of $28.5 million for the third quarter of 2026.
2The company's Ethereum holdings reached 163,726 ETH, valued at $439.4 million at the end of September.

Bit Digital reported a net profit of $28.5 million for the third quarter of 2026. According to crypto.news, the company's Ethereum holdings reached 163,726 units, valued at approximately $439.4 million at the end of September. This return to profitability follows a strategic restructuring as the firm winds down traditional Bitcoin mining in favor of high-performance computing services and staking.

BTBT closed at $0.7948 on November 11, 2026, while WYFI closed at $10.43 on the same date. Bit Digital holds a 59.7% stake in WhiteFiber, which saw its colocation revenue reach $5.6 million. Cloud services generated $18.1 million in revenue during the period, whereas the contribution from Bitcoin mining fell to $2 million as the company shifts its operational focus.

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