Bit Digital announces second quarter financial report: total revenue of $25.7 million, mining revenue of $6.6 million

ChainCatcher news, Nasdaq-listed company Bit Digital, Inc. (stock code BTBT) announced its second quarter financial report. Total revenue was $25.7 million, a year-on-year decrease of 11.7%; net income was $14.9 million, compared to a net loss of $12 million in the same period last year; digital asset mining revenue was $6.6 million, a year-on-year decrease of 58.8%; cloud service revenue was $16.6 million, a year-on-year increase of 32.8%; co-location service revenue was $1.7 million; ETH staking revenue was $400,000, a year-on-year decrease of 2.3%. As of June 30, cash and cash equivalents were $181.2 million, and digital assets were $91.2 million. As of August 11, it held a total of 121,076 ETH, valued at approximately $511.5 million.