BTC Digital
Cryptocurrency miner with equipment, rental, and hosting operations.
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Profile
Generates income from cryptocurrency mining, mining-machine resale and rental, and hosting-related services, with operations largely supported by third-party U.S. facilities. Expansion toward AI-computing and liquid-cooled data-center infrastructure remains early stage.
Runs cryptocurrency-mining operations alongside mining-machine resale, rentals, and hosting-related services. Mining activity is concentrated in the United States through third-party facilities, while the corporate headquarters is in Singapore. Revenue combines mined digital assets with equipment transactions and recurring or contract-based rental and hosting activity.
Deploys mining equipment and expands infrastructure across North America, with recent work extending toward liquid-cooled data centers and AI computing. That AI effort remains early stage, without established evidence of a material revenue contribution.
Depends on mining economics, power availability, hardware costs, capital deployment, regulatory conditions, and third-party hosting capacity. Its operating model spans direct mining, equipment transactions, rental, hosting, and an emerging infrastructure adjacency.
Company facts
Categories
Key statistics
Year to date +17.8% · Average volume (30d) 18.6M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Dec 18, 2025Q3 FY25 | — | −$0.63 | — | — | — | — | +5.17% |
| Sep 17, 2025Q2 FY25 | — | −$0.27 | — | $22.4M | $20.5M | −8.5% | +4.30% |
| Jun 18, 2025Q1 FY25 | −$0.19 | −$0.30 | −57.9% | $22.4M | $20.8M | −7.3% | +0.98% |
| Dec 31, 2024Q3 FY24 | — | $0.00 | — | — | $4.1M | — | +13.81% |
Financial highlights
| 12 quarters | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.6M | $4.1M | $2.9M | $2.9M | $4.2M | $4.2M | |
| Gross profit | −$261.0K | $718.0K | −$655.1K | — | −$922.5K | −$922.5K | |
| Operating income | −$542.0K | −$439.0K | −$2.5M | −$2.5M | −$1.9M | −$1.9M | |
| Net income | −$571.0K | $17.0K | −$2.4M | −$2.4M | −$2.1M | −$2.1M | |
| Diluted EPS | −$0.01 | $0.00 | −$0.34 | −$0.34 | −$0.23 | −$0.23 | |
| Gross margin | -10.2% | 17.4% | -22.9% | — | -22.2% | -22.2% | |
| Operating margin | -21.2% | -10.6% | -87.7% | -87.7% | -45.5% | -45.5% |
Fiscal years (4-quarter sums)FY19 $1.45B · FY20 $897.0M · FY24 $11.7M · FY25 $14.0M
Revenue by geography · FY24
Balance sheet, Dec 31, 2025Cash & short-term investments $350.0K · Total debt $2.5M · Total assets $39.9M · Shareholders' equity $37.2M
Dividends
No dividends on record.
Ownership
Shares outstanding 9.52M · Float 9.08M · 95.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Ayrton Capital LLC | 1.01M | 9.99% | 13G | Aug 13, 2026 |
| L1 Global Manager PTY Ltd | 526.3K | 5.53% | 13F | Aug 13, 2026 |
| Hudson Bay Capital Management LP | 438.6K | 4.61% | 13F | Aug 14, 2026 |
| Empery Asset Management, LP | 350.9K | 3.69% | 13F | Aug 11, 2026 |
| Susquehanna International Group, LLP | 32.4K | 0.34% | 13F | Aug 14, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- BitFuFu
Cloud mining, hosting, and miner sales overlap across three core lines.
- Bitdeer
Direct mining, cloud hash rate, and ASIC equipment overlap.
- Core Scientific
Mining and hosting scale collide with AI-ready data-center capacity.
- Hut 8
Mining and energy-backed data-center capacity overlap.
- Riot Platforms
Large-scale Bitcoin mining and power-rich data centers overlap.
- MARA
Bitcoin mining and pool services contest the same block rewards.
- CleanSpark
Bitcoin mining fleet adds concentrated pressure on mining economics.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| BTC Digital | $1.90 | −1.05% | $18.5M | — | — | 1.3 | — |
| BitFuFu | $1.34 | −0.37% | $221.4M | — | 67.3 | 0.6 | −62.9% |
| Bitdeer | $10.32 | +0.10% | $2.41B | — | — | 3.0 | +47.1% |
| Core Scientific | $16.58 | +0.28% | $5.31B | — | 312.6 | 12.0 | +108.8% |
| Hut 8 | $79.75 | +0.41% | $8.94B | — | — | 30.8 | +81.4% |
| Riot Platforms | $18.96 | −0.16% | $7.18B | — | — | 10.6 | +13.9% |
| MARA | $10.68 | +0.19% | $4.07B | — | — | 5.1 | −26.7% |
| CleanSpark | $11.65 | −0.08% | $2.99B | — | — | 4.4 | −30.5% |
| Median | — | 189.9 | 5.1 | +13.9% |









