StocksMedium•12 November 2026•
1 min read
Bit Digital Stock Drops 5% Following Q3 Revenue Miss
Key Facts
1Bit Digital reported Q3 revenue of $27 million, missing analyst consensus estimates by 16%.
Bit Digital stock fell 5% in pre-market trading after the company reported Q3 revenue of $27 million. Cointelegraph reported that these results missed analyst consensus estimates by 16%, representing a gap of over $5 million relative to expectations.
The revenue miss was driven by a significant winddown in bitcoin mining operations, with output dropping to 28.4 BTC from 64.9 BTC year-over-year. BTBT closed at $0.7948 on November 11, 2026, having reached a day high of $0.808 and a low of $0.7603 during that session.