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Bit Digital reported third quarter 2026 results reflecting continued execution of its Strategic Asset Company strategy. Shares are up 8.7% on the day at $0.79.
Bit Digital reported its third quarter 2026 results. The company said growth in colocation revenue was aided by the initial contribution from WhiteFiber’s NC-1 data center campus. Revenue from colocation services reached $5.6 million in the quarter, an increase of 232% compared to the same period last year, according to PR Newswire.
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The session opened with a gap up from $0.73 to $0.77, setting an early positive tone against the broader bearish backdrop. Shares of Bit Digital trade below the MA-20, MA-50, and MA-200, reinforcing that the daily chart structure remains negative. The nearest resistance is the weekly high at $0.81, limiting immediate upside until that level is regained. RSI at 38.4 is nearing oversold territory, indicating the recent decline may be getting stretched and could support some stabilization.
Traders should watch for a close above $0.81 to confirm buyers are willing to follow through on recent strength. The price opened the session with a gap up from $0.73 to $0.77. Even with a sustained move higher and a firm trend over the past week, over the next five trading days the probability of further downside is 70% while upside chances are 30%, with an expected trading range of $0.74 to $0.84. A drop below $0.69 would show the move is being faded, and on the weekly chart the longer-term picture stays firmly negative.
Earlier, analysts noted that Bit Digital was exhibiting modest bullish momentum and a bias toward price consolidation within a narrow band. The current earnings-driven rally adds a new layer to the evolving technical picture, but with prevailing chart resistance near $0.81, traders should closely monitor for potential rejection or confirmation of trend reversal at this key level.