Bit Digital (NASDAQ: BTBT), an Ethereum treasury company, reported second-quarter 2026 results on Aug. 13, saying it bought 8,568 ETH for $20 million. The average purchase price came to about $2,334.25 per coin. The company sold no ETH during the quarter, and its total holdings stood at roughly 164,310.5 ETH, including 75,757.5 directly held. Total revenue reached $32.1 million, up 15% from $27.9 million in the first quarter. Ethereum staking revenue slipped to $0.9 million from $2.3 million in the previous quarter. For the first half of the year, staking revenue climbed 246% year over year. Digital asset mining revenue came in at $2.4 million, with 32.3 Bitcoin mined versus 48.1 in Q1. Mining revenue for the first half fell 58% year over year, consistent with the continued scaling-down of that business. Bit Digital recorded a net loss attributable to shareholders of $107.2 million in the second quarter. The results were announced via PRNewswire.
Ethereum treasury company Bit Digital (NASDAQ: BTBT) released its second-quarter 2026 financials on Aug. 13 via PRNewswire.
Buying 8,568 ETH at an average cost of $2,334.25
Bit Digital spent $20 million to buy 8,568 ETH in the second quarter. That works out to roughly $2,334.25 per coin. The company sold no ETH during the period. Its total holdings reached approximately 164,310.5 ETH, with 75,757.5 held directly.
Revenue up 15% while staking and mining diverge
Total revenue came in at $32.1 million, up 15% from $27.9 million in the first quarter. Ethereum staking revenue was $0.9 million, versus $2.3 million in the prior quarter. In the first half of the year, staking revenue rose 246% year over year.
Digital asset mining revenue reached $2.4 million. Bit Digital mined 32.3 BTC during the quarter, compared with 48.1 BTC in the first quarter. First-half mining revenue fell 58% year over year, consistent with the continued scaling-down of that business.
Bit Digital posted a net loss attributable to shareholders of $107.2 million in the second quarter.
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