Bit Digital (BTBT) Shares Preliminary Q3 Financial Estimates

Bit Digital, Inc. (NASDAQ:BTBT) is one of the 12 Best American Penny Stocks to Buy Right Now. On October 31, Bit Digital, Inc. (NASDAQ:BTBT) shared its preliminary financial estimates for the third quarter ended September 30, 2025. These estimates were included in a filing with the Securities and Exchange Commission (SEC).

According to the filing, Bit Digital, Inc. (NASDAQ:BTBT) expects its preliminary unaudited revenue for the quarter ending September 30, 2025, to be between $28.9 million and $32.0 million. The cost of revenue, excluding depreciation, is expected to be between $11.5 million and $12.7 million. Additionally, the company expects cash and cash equivalents as of September 30, 2025, to range from $173.7 million to $184.5 million.

Bit Digital, Inc. (NASDAQ:BTBT) pointed out that these preliminary numbers are based on information that is currently available and are subject to the completion of the financial closing process. The actual results for the third quarter may differ from these preliminary estimates.

Previously, on October 7, Bit Digital, Inc. (NASDAQ:BTBT) also announced that it had acquired 653 Ethereum during the month of September 2025. The total average Ethereum acquisition price for all holdings as of September 30, 2025, was $2,643.27.

Bit Digital, Inc. (NASDAQ:BTBT) is a digital asset platform company that focuses on Ethereum-native treasury and staking strategies. It operates one of the largest Ethereum staking infrastructures in the world.

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Disclosure: None. This article is originally published at Insider Monkey.