Bit Digital posts $86M Q2 net loss, including $46M in unrealized ETH losses

Nasdaq-listed Bit Digital (BTBT), which is focused on Ethereum investment, posted a net loss of $86 million in the second quarter, with about $46 million of that tied to unrealized losses on ETH, according to BeInCrypto. The rest of the net loss came from fluctuations in its crypto holdings and non-operating items. Bit Digital held 164,310.5 ETH as of the end of June. Despite the quarterly net loss, the company’s stock closed slightly higher yesterday as its AI and cloud businesses delivered solid results.