📉 Bit Digital, which moved from Bitcoin mining to Ethereum staking in 2025, recorded a loss.



In the first quarter, revenue was $27.9 million—13.6% lower than in the previous period.
Ethereum staking revenue fell by 29.4%, to $2.3 million; mining generated $3.7 million (-32.9%).

Net loss was $146.7 million versus $185.3 million in the previous quarter. At the end of March, the company held 154,444 ETH ($327 million) on its balance sheet.

Sharplink CEO Joseph Chalom believes Ethereum treasury is an alternative to the Strategy model—betting on staking income and transparent balances rather than complex financial schemes. According to him, only a few made it through the bear market.
ETH-0.92%
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