Business
Bitcoin Well Reports 2025 Q4 And Year End Financial Results, Including Record Yearly Revenue
(TheNewswire) Edmonton, Alberta – March 5, 2026 – TheNewswire – Bitc...
About this update from Bitcoin Well Inc
[{"type":"text","content":"Bitcoin Well Reports 2025 Q4 And Year End Financial Results, Including Record Yearly Revenue\n(TheNewswire)\n\n\nEdmonton, Alberta – March 5, 2026\n– TheNewswire – Bitcoin Well Inc.\n(“Bitcoin Well” or the “Company”) (TSXV: BTCW; OTCQB: BCNWF), the non-custodial bitcoin business on a mission to enable\nindependence, today announced financial and operating results for the\nfourth quarter and year ended December 31, 2025.\n\n\nKey highlights\n\n\n\n\nRevenue of $35.0 million for the 3-months ended\nDecember 31, 2025 (Q4 2024: $30.1 million, +17%); and $133.0 million\nfor the year ended December 31, 2025 (2024: $90.5 million,\n+47%). \n\n\n\n\nOnline Bitcoin Portal revenue of $64.3 million in\nfiscal 2025 (+64%). \n\n\n\nBitcoin Well Infinite revenue of $44.4 million in\nfiscal 2025 (+64%).  \n\n\n\n\n\nOver 64,000 unique users in the Bitcoin Portal as of\nDecember 31, 2025 (+100% from December 31, 2024). \n\n\n\nGross profit of $1.2 million for the 3-months ended\nDecember 31, 2025 (Q4 2024: $1.2 million) and $5.0 million for the\nyear ended December 31, 2025 (2024: $4.0 million, +25%). \n\n\n\nAdjusted EBITDA of negative $0.7 million for the\n3-months ended December 31, 2025 (Q4 2024: $25 thousand) and negative\n$1.4 million for the year ended December 31, 2025 (2024: negative $1.7\nmillion). \n\n\n\n\nImprovement in adjusted EBITDA in fiscal 2025 due to\nachieving higher revenue and gross profit. \n\n\n\nDecline in Adjusted EBITDA in Q4 2025 primarily due to\nadditional investments in marketing and advertising initiatives and\npersonnel to promote user growth on the Online Bitcoin Portal and\nBitcoin Well Infinite.  \n\n\n\n\n\nNet income of $4.2 million for the 3-months ended\nDecember 31, 2025 (Q4 2024: net loss of 9.8 million) and net loss of\n$0.8 million for the year ended December 31, 2025 (2024: net loss of\n$17.8 million).  \n\n\n\n\nThe large swings in net income are primarily due to\nnon-cash fair value adjustments related to cryptocurrency loans. As a\nresult, we do not believe these numbers are accurate reflections on\nthe strength of our business, instead we focus on Adjusted\nEBITDA. \n\n\n\n\n\nAs at December 31, 2025, Bitcoin Well held a net\ninvestment of 69\nbitcoin in its Bitcoin Treasury (fair value of\n$8.3 mil...