Overview
U.S. strategic asset firm's fiscal 2025 revenue rose 5%, a slight beat of analyst expectations
Adjusted EBITDA for fiscal 2025 swung to a loss, missing analyst estimates
Company reported a net loss for fiscal 2025, reflecting lower digital asset gains and crypto volatility
Outlook
Company plans to continue growing its ETH position through disciplined capital allocation and staking
Company expects bitcoin mining exposure to continue declining as segment winds down
Company intends to maintain long-term ownership of WhiteFiber, with no plans to monetize stake opportunistically
Result Drivers
ETH STAKING GROWTH - Increased staking rewards, growth in staked balances, and higher average ETH prices drove ETH staking revenue up 287% year-on-year
CLOUD & COLOCATION SERVICES - Revenue from cloud services rose 50% and colocation services rose 555%, supporting overall revenue growth
MINING WIND-DOWN - Digital asset mining revenue fell 53% as company reduced active hash rate and wound down bitcoin mining operations
Company press release: ID:nPn1G2jqBa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Revenue | Slight Beat* | $113.6 mln | $112.93 mln (6 Analysts) |
FY EPS | -$0.31 | ||
FY Adjusted EBITDA | Miss | -$24.9 mln | $156.62 mln (3 Analysts) |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the blockchain & cryptocurrency peer group is "buy"
Wall Street's median 12-month price target for Bit Digital Inc is $5.50, about 334.8% above its March 30 closing price of $1.27
The stock recently traded at 68 times the next 12-month earnings vs. a P/E of 104 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
