Bit Digital Reports Revenue Drop and Wider Q1 Net Loss Amid Ethereum Pivot

Bit Digital recorded total revenues of $27.9 million in Q1 2026, a 13.6% decline compared to Q4 2025. The drop was driven by lower ETH staking revenues, which fell 29.4% to $2.3 million, and by reduced BTC production. The company reported a net loss of $146.7 million, though smaller than the $185.