The company reported revenue of $30.5 million, up 33% year over year, and net income of $146.7 million largely tied to $146.0 million in digital-asset gains. Segment mix shifted, with cloud services rising 48% to $18.0 million while digital asset mining fell 27% to $7.4 million on a reduced hash rate and 64.9 BTC produced. Bit Digital expanded its Ethereum strategy, lifting holdings to 153,547 ETH by October 31 after a $150 million convertible notes raise and purchasing 31,057 ETH. Staking scaled further, with actively staked ETH increasing from about 99,936 to 132,480 by end-October and staking revenue reaching $2.9 million at a roughly 3.05% annualized yield. WhiteFiber was fully consolidated following its August IPO, giving Bit Digital a 70.7% stake valued near $734.8 million, while BTBT and WYFI fell during a broader crypto sell-off that included over $1 billion in liquidations.
