Bit Digital Stock Rises Despite $107.2 Million Q2 Loss
Bit Digital stock climbed after the company reported a $107.2 million net loss for the second quarter, breaking from the sell-off that punished rival crypto-linked shares this week.
The Nasdaq-listed Ethereum (ETH) treasury and artificial intelligence (AI) infrastructure firm booked $32.1 million in revenue. That marks a 15% gain over the first quarter.
Investors Look Past Bit Digital's Quarterly Loss
Investors appeared to focus on the operating line rather than the headline loss. The stock added 2.05% to close at $1.49 on Thursday, then gained another 1.34% to $1.51 after hours.
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That reaction stood apart from the rest of the week's crypto earnings slate. Bitdeer slid roughly 20% after its August 10 report, while Forward Industries fell 1.36% after hours despite closing the session higher.
The pattern was also observed earlier in other major crypto equities such as Coinbase, MARA Holdings, and CleanSpark.
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