EarningsQ2 2026 Earnings Report
MX:BTBTN Q2 2026 EPS Results
Actual EPS-$5.63
Consensus EPS-$0.82
Beat/MissMissed by -$4.81
One Year Ago EPS$1.27
MX:BTBTN Q2 2026 Revenue Results
Actual Revenue$583.19M
Expected Revenue$428.30M
Beat/MissBeat by +$154.89M
YoY Revenue Growth+25.15%
Earnings Announcement Details
QuarterQ2 2026
Date08/13/2026
TimeBefore Open
Conference CallThursday, August 13, 2026
MX:BTBTN Upcoming Earnings
Bit Digital's next earnings date is estimated for November 12, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:BTBTN Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a largely constructive operational picture: sequential and year-over-year revenue growth, strong gross margins, rising operating cash flow, a visible multi-year contract backlog (~$1B RPO), and tangible WhiteFiber progress (initial capacity, billing, large contracted ARR and >$500M in new bookings). These operational positives and an explicit strategic shift away from mining toward higher-margin cloud/colocation and staking revenue outweigh the quarter’s headline net loss, which was driven chiefly by non-cash mark-to-market and accounting items as well as short-term ETH price weakness. Management also proactively deployed capital (ETH-collateralized bridge) to fund WhiteFiber while preserving long-term ETH exposure and is evaluating buybacks and other actions to address a large valuation discount, signaling active capital allocation. Given stronger operating momentum and clarified strategy but near-term volatility from crypto mark-to-market and valuation dislocation, the overall tone is constructive and forward-looking.Company Guidance
Revenue Growth and Scale
Second quarter consolidated revenue of $32.1M, up 15% sequentially from $27.9M in Q1; first half revenue $60.0M, up 18% year-over-year.
Strong Profitability Metrics
Q2 gross profit of $18.6M and gross margin of 57.9%, indicating healthy unit economics at the consolidated level.
Improved Operating Cash Flow
Operating cash flow for the first six months was $46.8M, up 33% from $35.1M in the same period last year.
Cloud Services Surge
Cloud services revenue of $23.8M in Q2, up 42% sequentially and up 29% year-over-year for the six-month period, at a ~58% gross margin, driven by new contracts and expansions.
Colocation Momentum and Pipeline
Colocation revenue was $4.7M in Q2 (flat sequentially) with a 63% gross margin; first-half colocation revenue rose 182% YoY. NC1 expected to begin contributing in Q3, supporting further growth.
Large Contract Visibility
Contract liabilities nearly doubled to $143.1M from $79.6M at year-end, and remaining performance obligations were ~ $1.0B (with ~$136.7M expected in 2027 alone), providing multi-year revenue visibility.
WhiteFiber Operational Milestones and Bookings
WhiteFiber delivered initial capacity at its flagship NC1, has commenced customer deployment and billing, expects to reach full contracted run rate under a 10-year Enovum agreement representing ~ $865M of contracted revenue, and has signed > $500M of new contracts since the last call (including next-gen GPU deployments and managed services).
Strategic Revenue Mix Shift
Business mix is shifting away from legacy mining: infrastructure and staking now represent ~89% of revenue versus ~70% a year ago, reflecting a move toward recurring, higher‑visibility revenue streams.
Active Capital Allocation (WhiteFiber Bridge Financing)
Used balance sheet to provide $50M liquidity (and originated a delayed-draw facility with commitments up to $150M) to WhiteFiber using ETH as partial collateral to preserve ETH holdings, avoid dilution, and generate a return above staking yields while bridging to permanent project financing.
MX:BTBTN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed