Short answer
Bit Digital, Inc (BTBT) filed its Q3 2025 10-Q quarterly report on Nov 14, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $30M with net income of $151M.
Q3 2025 key financials · XBRL
- Revenue
- $30M
- +18.8% QoQ
- Net income
- $151M
- +914.4% QoQ
- Operating margin
- 465.5%
- EPS (diluted)
- $0.68
- +580.0% QoQ
Source: XBRL data from the Bit Digital, Inc (BTBT) Q3 2025 10-Q on SEC EDGAR. USD.
Bit Digital, Inc Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- No profitability or margin percentages provided in the supplied text
- HPC cloud services: Boosteroid added GPU orders totaling approximately $10.4M contracted value over five years
- Capital deployment: $45M paid for NC-1; MTL-2 development expected at approximately $23.6M
- Outlook: strategic transition toward pure-play ETH staking and treasury operations, with bitcoin mining sale or wind-down process underway
Risk Factors
- New PRC compliance exposure: authorities may extend the statute of limitations from two to five years if former mining threatened financial security
- New ETH strategy risk: holdings expose securities and financial condition to significant ETH price volatility and potential illiquidity
- AI regulatory scrutiny: evolving U.S. federal and state rules could reduce customers’ compute demand and delay commercialization
- Near-term operational risk: GPU shortages, supplier delays, and price increases could disrupt planned expansions and project timelines
- Financial risk: additional debt is required to retrofit NC-1 and reach estimated 99 MW capacity by May 2029
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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