Bit Digital Posts $146M Q1 Loss as Ethereum Treasury Tops 155,000 ETH
Bit Digital reported a $146.7 million quarterly loss as lower ether prices weighed on its balance sheet, while the company continued expanding its ethereum treasury and AI infrastructure strategy. The firm now holds more than 155,000 ETH and is increasingly shifting away from bitcoin mining. Bit Digital Expands ETH Treasury to $327M, Staking Income Declines
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Bit Digital reported a $146.7 million quarterly loss due to lower ether prices, which weighed on its balance sheet. The company expanded its ETH treasury to $327 million and is shifting away from bitcoin mining.
