Total revenue increased 5% to $113.6 million in fiscal year 2025, up from $108.0 million in 2024. Net loss attributable to Bit Digital shareholders was $(80.3) million, or $(0.31) per diluted share, a significant shift from net income of $28.3 million, or $0.19 per diluted share, in fiscal year 2024. Adjusted EBITDA swung to a loss of $(24.9) million in 2025 from a gain of $73.0 million in 2024, primarily due to a $29.2 million digital asset loss in 2025 compared to a $55.7 million gain in 2024. The company is transitioning to an Ethereum-focused treasury and staking strategy, and maintaining a majority ownership in WhiteFiber for exposure to AI infrastructure. Digital asset mining revenue decreased 53% to $27.3 million, while cloud services revenue increased 50% to $68.8 million, colocation services revenue increased 555% to $8.9 million, and ETH staking revenue increased 287% to $7.0 million. Bit Digital's ETH holdings grew from 30,663 ETH on June 30, 2025, to 155,227 ETH (valued at approximately $460.6 million) by December 31, 2025, with approximately 89% actively staked. Cash and cash equivalents increased to $118.4 million as of December 31, 2025, from $95.2 million in 2024. Total digital assets increased to $415.7 million as of December 31, 2025, from $161.4 million in 2024. Bit Digital holds 27,043,750 WhiteFiber shares, with an implied value of approximately $427.3 million as of December 31, 2025.