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Nakamoto vs Bit Digital: NAKA and BTBT compared
Nakamoto is the larger company: $35.9M of revenue in its latest quarter (Q2 2026) against $32.1M for Bit Digital (Q2 2026). Nakamoto is growing faster (88× against +25% a year earlier). Bit Digital is more profitable, with an operating margin of -257.3% against -415.6%.
Where the money goes: NAKA and BTBT
Nakamoto (NAKA) · Q2 2026
Nakamoto, Q2 2026: revenue $35.9M (88× year over year), operating margin -415.6%, net loss $133M, operating cash flow −$3.3M. The chart follows the revenue to costs, profit and cash.
Bit Digital (BTBT) · Q2 2026
Bit Digital, Q2 2026: revenue $32.1M (+25% year over year), operating margin -257.3%, net loss $112M, operating cash flow $47.9M. The chart follows the revenue to costs, profit and cash.
| Nakamoto (NAKA) | Bit Digital (BTBT) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $35.9M | $32.1M |
| Revenue growth, Y/Y | 88× | +25% |
| Operating margin | -415.6% | -257.3% |
| Net earnings | −$133M | −$112M |
| Net margin | -370.8% | -347.7% |
| Operating cash flow | −$3.3M | $47.9M |
Where the revenue comes from
Bit Digital
- Cloud services: $23.8M (74%)
- Colocation services: $4.7M (15%)
- Digital asset mining: $2.4M (7%)
- ETH staking: $903K (3%)
Questions
Which is bigger, Nakamoto or Bit Digital?
Nakamoto is the larger company: $35.9M of revenue in its latest quarter (Q2 2026) against $32.1M for Bit Digital (Q2 2026).
Is Nakamoto or Bit Digital growing faster?
Nakamoto is growing faster (88× against +25% a year earlier).
Which is more profitable, Nakamoto or Bit Digital?
Bit Digital is more profitable, with an operating margin of -257.3% against -415.6%.
More: Nakamoto earnings · how Nakamoto makes money · Bit Digital earnings · how Bit Digital makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 13, 2026; 10-Q filed Aug 13, 2026). Fiscal quarters can end on different dates. Not investment advice.