Bit Digital Stock Rises Despite $107.2 Million Q2 Loss

Bit Digital stock climbed after the company reported a $107.2 million net loss for the second quarter, breaking from the sell-off that punished rival crypto-linked shares this week.

The Nasdaq-listed Ethereum (ETH) treasury and artificial intelligence (AI) infrastructure firm booked $32.1 million in revenue. That marks a 15% gain over the first quarter.

Investors Look Past Bit Digital’s Quarterly Loss Investors appeared to focus on the operating line rather than the headline loss. The stock added 2.05% to close at $1.49 on Thursday, then gained another 1.34% to $1.51 after hours.

Follow us on X to get the latest news as it happens Bit Digital Stock Performance After Earnings. Source: Google Finance That reaction stood apart from the rest of the week’s crypto earnings slate.