Bit Digital, Inc. Reports Preliminary Estimated Revenue and Cost of Revenue for Q2 2025

Strategic Insights -

Bit Digital, Inc.'s subsidiary WhiteFiber, Inc. filed an amendment to its registration statement on Form S-1 with the Securities and Exchange Commission on July 29, 2025, disclosing preliminary estimated revenue and cost of revenue for the three months ended June 30, 2025. WhiteFiber expects unaudited revenue to be approximately $17.7 million to $19.6 million and unaudited cost of revenue to be around $6.7 million to $7.4 million. These estimates are subject to completion of WhiteFiber's financial closing procedures, which are not yet complete. WhiteFiber provides artificial intelligence infrastructure solutions, including high-performance computing data centers and cloud-based HPC graphics processing units services for AI application and machine learning developers.

Key Takeaways:

  • WhiteFiber, a subsidiary of Bit Digital, Inc., expects preliminary unaudited revenue for Q2 2025 to be between $17.7 million and $19.6 million.
  • The unaudited cost of revenue for Q2 2025 is estimated to be between $6.7 million and $7.4 million.
  • Audit Alliance LLP, the independent registered public accounting firm, has not reviewed or compiled the preliminary financial information provided by WhiteFiber.
  • The preliminary estimates are subject to completion of WhiteFiber's financial closing procedures.
  • WhiteFiber provides AI infrastructure solutions, including high-performance computing data centers and cloud-based HPC graphics processing units services for AI application and machine learning developers.
  • Bit Digital, Inc. cautions that investors should carefully consider the risks and uncertainties described under "Risk Factors" in Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2024.

Statistics:

  • Unaudited revenue for Q2 2025: approximately $17.7 million to $19.6 million.
  • Unaudited cost of revenue for Q2 2025: around $6.7 million to $7.4 million.

Sources:

  • FORM 8-K (Current Report) filed with the U.S. Securities and Exchange Commission on July 29, 2025, by Bit Digital, Inc.
  • Registration Statement on Form S-1 filed by WhiteFiber, Inc., subsidiary of Bit Digital, Inc. ( effective date not specified)