Bit Digital shares fell 9.3% in pre-market trading on Thursday after the company reported third-quarter revenue below analysts’ expectations. The company posted $27.1 million in revenue, down 11% year over year, compared with consensus estimates of about $32.2 million. Net income attributable to shareholders came in at $28.5 million, or $0.08 per diluted share. Ether staking revenue dropped 66%, while Bitcoin mining revenue declined from $7.4 million to $2 million because of the continued winddown of that business. The company held 163,725 Ether worth $439.4 million and fully pivoted its corporate treasury strategy from Bitcoin to Ether in July 2025.
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