Bit Digital Posts $146M Q1 Loss as Ethereum Treasury Tops 155,000 ETH
Bit Digital Expands Treasury to $327M, Income Declines 29% Bit Digital is accelerating its transformation from a into an ethereum and AI-focused infrastructure company, even as in digital asset markets continued to pressure earnings during the first quarter. The Nasdaq-listed firm reported a net loss of $146.7 million in its Q1 2026 financial results, improving from a $185.3 million loss in the previous quarter. The results were heavily influenced by non-cash mark-to-market adjustments tied to declines in prices. The company held approximately 155,444 ether at quarter-end, with a market value of roughly $327 million based on ethers closing price of about $2,104 on March 31. Bit Digital said its average acquisition price across all holdings stood at approximately $3,045 per token. Total revenue fell 13.6% quarter over quarter to $27.9 million, primarily due to weaker cloud services revenue, lower income, and reduced digital asset mining activity. Still, the company continued to emphasize its long-term ethereum strategy centered on treasury management and . Revenue generated from totaled $2.3 million during the quarter, though that marked a 29% decline from the prior period as average ether prices weakened. As part of its treasury repositioning, Bit Digital moved roughly 70,000 into through LsETH to maintain flexibility while continuing to