Bit Digital reported $27.1 million in revenue, down 11% from $30.5 million a year earlier. The company’s SEC filing put net income attributable to shareholders at $28.5 million, or 8 cents per diluted share. Revenue was about $5.1 million below analysts’ consensus estimate of $32.2 million, according to Yahoo Finance.
Ether staking revenue fell to $1 million from $2.9 million a year earlier, while Bitcoin mining revenue fell to $2 million from $7.4 million. Bit Digital said the mining decline was consistent with its continued winddown of that business. It reported holdings of 163,725 ETH worth $439.4 million.
