Bit Digital said second-quarter 2026 revenue rose 15% from the prior quarter to $32.1 million, led by stronger cloud services revenue, while a treasury-backed financing helped fund WhiteFiber's NC-1 data center campus without selling ETH or issuing equity at either company. Gross profit was $18.6 million, or a 57.9% gross margin, and net loss attributable to Bit Digital shareholders narrowed to $107.2 million from $146.7 million in the first quarter, though results were still weighed down by roughly $86 million of non-cash digital asset and other non-operating items. Cloud services revenue climbed 42% sequentially to $23.8 million, colocation revenue was $4.7 million, ETH staking revenue fell to $0.9 million after the company shifted part of its ETH into liquid staking to support the financing, and digital asset mining revenue was $2.4 million as Bit Digital continued winding down that business. As of June 30, the company held about 164,310.5 ETH and said it sold no ETH during the quarter. Bit Digital raised $50 million against part of its ETH treasury and used its balance sheet to originate a delayed draw term facility for WhiteFiber with commitments of up to $150 million to support growth initiatives including NC-1. The company said NC-1 was not reflected in second-quarter results and is expected to begin contributing in the third quarter, while WhiteFiber had started initial billing and expected full contracted run-rate billing across 40 megawatts of contracted IT load later in August.