Bit Digital held approximately 163,725.9 ETH as of September 30, valued at USD 439.4 million. The valuation reflected an Ethereum closing price of about USD 2,684 on that date. The company held 74,606.4 ETH directly, worth USD 200.2 million. It also liquid-staked 73,683 ETH during the quarter and received 66,192 LsETH in exchange.
Bit Digital sold 1,625 ETH for USD 3.4 million during the quarter, at an average price of about USD 2,114.62 per coin. It did not purchase any ETH in the period. The company recorded a USD 3.2 million non-cash impairment charge on its LsETH holdings.
That charge did not represent a realized loss on the underlying Ethereum position. The company’s earnings performance still depended heavily on the valuation of its Ethereum-related assets.
For the first nine months of 2026, colocation revenue increased nearly 200% year over year. The company said the first 20 megawatts of contracted capacity at NC-1 had begun generating revenue.
