Big Digital Energy's revenue fell 34% year over year, while it swung to a loss from earnings a year earlier. Lower colocation and self-mining revenue outweighed growth in energy management; higher selling, general and administrative expenses, including Celsius legal costs, also pressured results.
Financial Highlights
¹ Reported as “Total revenues”. ² Reported as “Net income (loss) available to common stockholders”. ³ Reported as “Net income (loss) per share, diluted”.
Business Highlights
- Colocation: Revenue declined 66%, reflecting fewer customers, smaller contracts and a $2.0 million one-time deferred-revenue recognition in the 2025 period.
- Energy management: Revenue increased 12% as higher payments for excess energy capacity partly offset lower curtailment earnings.
- Self-mining: Bitcoin mining revenue declined amid fleet capacity reallocation to customer fleets and lower bitcoin prices; weighted average bitcoin price was $77,879 versus $114,183.
- Costs: Cost of revenues decreased 9% on lower energy consumption, partly offset by higher average energy prices.
Original SEC Filing: Big Digital Energy, Inc. [ BGDE ] - 10-Q - Nov. 13, 2026
