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Bitcoin (BTC), Ethereum (ETH), and altcoins have faced sharp declines since October. While these declines have given way to an upward trend in recent weeks, these drops have caused significant losses for both individual and institutional investors.
At this point, as companies are reporting losses one after another, Bit Digital, a giant traded on Nasdaq, also announced a net loss of $146.7 million in the first quarter due to the decline in cryptocurrency prices.
Bit Digital (BTBT), a Nasdaq-listed company heavily invested in Ethereum, reported decreased revenue and a net loss in the first quarter of this year.
According to The Block, Bit Digital reported total revenue of $27.9 million in the first quarter. This figure represents a 13.6% decrease compared to the fourth quarter of 2025.
In addition, the company reported a net loss of $146.7 million in the first quarter. This figure represents a better performance compared to the net loss of $185.3 million in the previous quarter.
This decline in company revenue is attributed to a decrease in revenue from cloud services, Ethereum (ETH) staking, and cryptocurrency mining.
According to the published report, the company’s ETH staking revenue decreased by 29.4% to $2.3 million, cryptocurrency mining revenue decreased by 32.9% to $3.7 million, and cloud service revenue decreased by 13.1% to $16.8 million.
Specifically, Bit Digital noted that revenue from ETH staking decreased by 29.4% compared to the previous quarter, falling to $2.3 million. This decline is attributed to the decrease in ETH prices and locally staked balances. However, the company stated that approximately 70,000 ETH remains staked to maintain treasury flexibility.
As you may recall, in June 2025, Bit Digital announced that it would begin transitioning from Bitcoin mining to Ethereum staking and treasury strategy.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/us-giant-company-that-invested-heavily-in-this-altcoin-is-facing-tough-times-serious-losses/" rel="noopener noreferrer nofollow">US Giant Company That Invested Heavily in This Altcoin is Facing Tough Times: Serious Losses!</a>

US Giant Company That Invested Heavily in This Altcoin is Facing Tough Times: Serious Losses!

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Other articles published on May 15, 2026

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