TechFlow News, May 15: According to The Block, Bit Digital, a Nasdaq-listed company, reported total revenue of $27.9 million for the first quarter of this year—a 13.6% decline from Q4 2025—primarily driven by lower cloud services revenue, Ethereum staking revenue, and digital asset mining revenue. Specifically, Ethereum staking revenue fell 29.4% quarter-on-quarter to $2.3 million. The company’s net loss for the period stood at $146.7 million, narrowing from $185.3 million in the prior quarter. As of the end of March, Bit Digital held approximately 154,444 ETH, valued at roughly $327 million at the time, and continued reducing its Bitcoin mining exposure, reallocating capital toward Ethereum and related infrastructure opportunities.
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