TLDR: Bit Digital (NASDAQ: BTBT) has announced its preliminary financial estimates for the third quarter ended September 30, 2025, projecting unaudited revenue between $28.9 million and $32.0 million. The company also reported significant Ethereum holdings and increased staking activities, alongside its strategic stake in AI infrastructure provider WhiteFiber.
New York, NY – Bit Digital, Inc. (NASDAQ: BTBT), a prominent digital asset platform, has released its preliminary financial estimates for the third quarter of 2025, ending September 30. The company anticipates unaudited revenue for the period to fall between $28.9 million and $32.0 million. Concurrently, the estimated cost of revenue, excluding depreciation, is projected to be in the range of $11.5 million and $12.7 million. As of September 30, 2025, Bit Digital estimates its cash and cash equivalents to be between $173.7 million and $184.5 million.
These preliminary figures, while offering an early glimpse into the company’s performance, are unaudited and remain subject to the completion of standard financial closing procedures. Audit Alliance LLP, Bit Digital’s independent registered public accounting firm, has not yet audited, reviewed, or performed any procedures with respect to this preliminary financial information, and therefore does not express an opinion or assurance regarding these estimates. The official third-quarter financial results are slated for release before market open on Friday, November 14, 2025, followed by a conference call with senior management.
Beyond the preliminary financial outlook, Bit Digital has also provided updates on its digital asset holdings and strategic investments. As of October 31, 2025, the company reported holding approximately 153,546.9 Ethereum (ETH), with a market value of roughly $590.5 million, based on an ETH closing price of $3,845.79 on that date. This includes an acquisition of 31,057.3 ETH during October, maintaining an average acquisition price of $3,045.14 across all holdings.
Bit Digital has also significantly ramped up its Ethereum staking activities. In October, the company added 32,544 ETH to its staked assets, bringing its total staked ETH to approximately 132,480, representing about 86.3% of its total holdings. These staking operations generated an estimated 249 ETH in rewards during the month, translating to an annualized yield of approximately 2.93%.
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Further diversifying its portfolio, Bit Digital maintains a majority equity stake in WhiteFiber (NASDAQ: WYFI), which is recognized as a leading AI infrastructure provider and high-performance computing (HPC) solutions company. This strategic investment highlights Bit Digital’s broader engagement in the technology sector. H.C. Wainwright has reiterated its ‘Buy’ rating for Bit Digital, setting a $7 price target, partly attributing this positive outlook to the company’s substantial 71.5% ownership in WhiteFiber.
