Bit Digital (BTBT) Grew ETH Staking Revenue 287%, The Market Hasn’t Noticed Yet

Bit Digital reported Q4 and full-year 2025 results showing ETH staking revenue surged 287% year‑over‑year to $7.0 million, driven by higher staking rewards, larger staked balances and stronger average ETH prices. The company accumulates ETH for staking, so that operational growth implies rising ETH-related revenue streams and a modest supportive demand dynamic for ETH supply. Despite these results, analyst Craig‑Hallum cut BTBT’s price target to $3 from $4 on April 2 and the stock trades at about 0.63x book, signaling market skepticism and potential dilution risks if Bit Digital raises equity. Overall, the piece highlights strong staking revenue growth but a muted market reaction, creating a mixed near‑term outlook for the security tied to ETH exposure.