Bit Digital posts 14% revenue drop in Q1 as ETH staking rewards weaken.

Bit Digital generated $27.9 million in total revenue during Q1 2025, a 13.6% decline from the prior quarter, with the slide driven primarily by lower Ethereum staking rewards. The company posted a net loss of $146.7 million for the period.

While the net loss narrowed from $185.3 million in Q4 2024, the revenue contraction signals that ETH staking yields are compressing — a headwind that affects any operator with meaningful staking exposure. For Bit Digital, staking has been a core revenue pillar, making the quarter's numbers a direct read on the broader softness in Ethereum network economics.