Bit Digital (BTBT) Stock Price, News & Analysis

Company Overview

Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications. The company was formerly known as Golden Bull Limited and changed its name to Bit Digital, Inc. in September 2020. Bit Digital, Inc. was founded in 2015 and is headquartered in New York, New York.

Key Stats

• Today's Range: $2.66 to $2.82
• 50-Day Range: $1.99 to $4.01
• 52-Week Range: $1.69 to $5.74
• Volume: 19.94 million shs
• Average Volume: 57.51 million shs
• Market Capitalization: $870.29 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $6.33
• Consensus Rating: Buy

Bit Digital Stock Analysis - MarketRank™

Bit Digital scored higher than 62% of companies evaluated by MarketBeat, and ranked 128th out of 305 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.7 / 5
• Analyst Rating: Buy

Consensus Rating

Bit Digital has received a consensus rating of Buy. The company's average rating score is 3.33, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Bit Digital has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Bit Digital are expected to grow in the coming year, from ($0.20) to $0.03 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Bit Digital is -5.79, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Bit Digital is -5.79, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Bit Digital has a P/B Ratio of 0.92. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

10.69% of the outstanding shares of Bit Digital have been sold short.

Short Interest Ratio / Days to Cover

Bit Digital has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Bit Digital has recently increased by 18.76%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Bit Digital does not currently pay a dividend.

Dividend Growth

Bit Digital does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

10.69% of the outstanding shares of Bit Digital have been sold short.

Short Interest Ratio / Days to Cover

Bit Digital has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Bit Digital has recently increased by 18.76%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.39

News Sentiment

Bit Digital has a news sentiment score of 0.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.67 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Bit Digital this week, compared to 7 articles on an average week.

Search Interest

104 people have searched for BTBT on MarketBeat in the last 30 days. This is an increase of 420% compared to the previous 30 days.

MarketBeat Follows

32 people have added Bit Digital to their MarketBeat watchlist in the last 30 days. This is an increase of 113% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Bit Digital insiders have bought more of their company's stock than they have sold. Specifically, they have bought $2,500,000.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 2.32% of the stock of Bit Digital is held by insiders.

Percentage Held by Institutions

47.70% of the stock of Bit Digital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BTBT Stock Analysis - Frequently Asked Questions

How have BTBT shares performed this year?

Bit Digital's stock was trading at $2.93 at the beginning of the year. Since then, BTBT shares have decreased by 7.2% and is now trading at $2.72.

How were Bit Digital's earnings last quarter?

Bit Digital, Inc. (NASDAQ:BTBT) released its quarterly earnings data on Thursday, May, 15th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). The business had revenue of $25.11 million for the quarter, compared to the consensus estimate of $26.38 million. Bit Digital had a negative net margin of 77.27% and a negative trailing twelve-month return on equity of 10.83%.
Read the conference call transcript.

Who are Bit Digital's major shareholders?

Top institutional investors of Bit Digital include Allspring Global Investments Holdings LLC (1.09%), Redmond Asset Management LLC (0.08%), Phoenix Financial Ltd. (0.04%) and Connors Investor Services Inc. (0.03%). Insiders that own company stock include Samir Tabar and Brock Jeffrey Pierce.
View institutional ownership trends.

How do I buy shares of Bit Digital?

Shares of BTBT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Bit Digital own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Bit Digital investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Advanced Micro Devices (AMD), Riot Platforms (RIOT) and Marathon Digital (MARA).

Company Calendar

• Last Earnings: 5/15/2025
• Today: 8/01/2025
• Next Earnings (Estimated): 8/18/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Technology Services
• Sub-Industry: Banking
• Current Symbol: NASDAQ:BTBT
• CIK: 1710350
• Web: www.dianniu98.com
• Phone: (212) 463-5121
• Fax: N/A
• Employees: 10
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Bit Digital: $6.33
• High Price Target: $7.00
• Low Price Target: $6.00
• Potential Upside/Downside: +132.8%
• Consensus Rating: Buy
• Rating Score (0-4): 3.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.47)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $28.31 million
• Net Margins: -77.27%
• Pretax Margin: -74.28%
• Return on Equity: -10.83%
• Return on Assets: -9.19%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.90
• Quick Ratio: 3.90

Sales & Book Value

• Annual Sales: $108.05 million
• Price / Sales: 8.05
• Cash Flow: $0.04 per share
• Price / Cash Flow: 77.50
• Book Value: $2.96 per share
• Price / Book: 0.92

Miscellaneous

• Outstanding Shares: 319,960,000
• Free Float: 312,542,000
• Market Cap: $870.29 million
• Optionable: Optionable
• Beta: 4.90