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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Bit Digital
Bit Digital (BTBT) investor relations material
Bit Digital Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary13 Aug, 2026
Executive summary
Q2 2026 revenue reached $32.1M, up 15% sequentially and 25% year-over-year, driven by strong growth in cloud and colocation services, while digital asset mining revenue declined sharply.
Net loss for Q2 2026 was $107.2M to $111.7M, primarily due to $46M impairment on liquid staked ETH, $28.8M digital asset losses, and non-cash items; the company is transitioning to ETH staking and AI/HPC infrastructure, winding down bitcoin mining.
Maintained conviction in Ethereum, using ETH as productive capital and executing treasury-backed financing to fund WhiteFiber's NC-1 facility without selling ETH or issuing equity.
WhiteFiber signed new multi-year cloud services agreements exceeding $500M in aggregate value and completed major data center acquisitions.
Board is considering a share buyback due to persistent NAV discount, with timing and liquidity sources under evaluation.
Financial highlights
Q2 2026 revenue was $32.1M, up 15% sequentially and 25% year-over-year; six-month revenue reached $60M, up 18% year-over-year.
Gross profit for Q2 was $18.6M, with a gross margin of 57.9%.
Operating cash flow for six months was $46.8M, up 33% year-over-year.
Net loss attributable to shareholders was $107.2M to $111.7M, with $86M of the loss from digital asset revaluation, derivative revaluation, and interest expense.
Digital asset losses were $28.8M in Q2 and $149.9M in H1 2026, mainly from ETH and BTC price declines; $46M non-cash impairment on LSETH.
Outlook and guidance
NC-1 facility expected to begin contributing revenue in Q3 2026.
WhiteFiber targets 70MW of data center capacity by Q4 2026, with a 1,500MW pipeline under review.
Full revenue contribution from a $865M, 10-year Nscale Services Agreement expected to begin in Q3 2026.
Remaining performance obligations at quarter end were ~$1B, with $57.7M to be recognized in 2026, $136.7M in 2027, and $105.1M in 2028.
WhiteFiber's cloud services portfolio projected to generate over $200M in annualized revenue once fully deployed.
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Latest events from Bit Digital
- Annual Meeting set for July 29, 2026, with board-backed proposals and open shareholder voting.BTBT
Proxy filing - DATs surge as regulatory clarity, investor trust, and operational innovation drive institutional adoption.BTBTH.C. Wainwright 27th Annual Global Investment Conference
- Holds $1.08B in ETH and AI assets, trading at a 34% discount to mNAV.BTBTInvestor presentation
- Shareholders are encouraged to vote for all proposals by July 29, 2026.BTBTProxy filing
- Annual Meeting on July 29, 2026, with Board urging FOR all proposals and key risks disclosed.BTBTProxy filing
- Proxy covers director elections, equity plan, quorum change, and auditor ratification, all board-backed.BTBTProxy filing
- Proxy covers director elections, equity plan, auditor ratification, and capital structure changes.BTBTProxy filing
- Q1 2026 revenue was $27.9M, down 13.7%, as focus shifted to Ethereum and AI infrastructure.BTBTQ1 2026
- Cloud and colocation growth offset mining declines; new contracts and expansions drive future gains.BTBTQ1 2025
Next Bit Digital earnings date
Q3 202612 Nov, 2026
Bit Digital
Next Bit Digital earnings date
Q3 202612 Nov, 2026
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Frequently asked questions
Bit Digital, Inc. (BTBT), formerly known as Golden Bull Limited, is a company primarily engaged in the bitcoin mining business, along with activities in treasury management and digital asset mining, including Ethereum staking. Founded in 2015 and undergoing a name change in September 2020, Bit Digital has established itself in the crypto industry. running a large-scale, global mining operation. The company's mining fleet comprises over 40,000 specialized computers, which in turn leads. Bit Digital, Inc. is headquartered in New York, New York, and its shares are listed on the Nasdaq.