BTBT stock icon

Bit Digital
BTBT

$2.53
1.18%
 

About: Bit Digital Inc is engaged in the Bitcoin mining business, Ethereum staking activities and specialized cloud-infrastructure services for artificial intelligence applications through its wholly owned subsidiaries.. Its mining platform operates with the primary intent of accumulating bitcoin which may sell for fiat currency from time to time depending on market conditions. It generates revenue from digital asset mining and ETH staking business.

Employees: 24

0
Funds holding %
of 6,665 funds
0
Analysts bullish %
of 4 analysts
0
News positive %
of 13 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

74% more call options, than puts

Call options by funds: $3.8M | Put options by funds: $2.18M

44% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 16

7% more funds holding

Funds holding: 99 [Q4 2023] → 106 (+7) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

8.78% less ownership

Funds ownership: 43.65% [Q4 2023] → 34.88% (-8.78%) [Q1 2024]

17% less repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 35

26% less capital invested

Capital invested by funds: $159M [Q4 2023] → $117M (-$41.9M) [Q1 2024]

Research analyst outlook

4 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$5
98%
upside
Avg. target
$5.25
108%
upside
High target
$6
137%
upside

4 analyst ratings

positive
100%
neutral
0%
negative
0%
HC Wainwright & Co.
Kevin Dede
98%upside
$5
Buy
Reiterated
17 May 2024
HC Wainwright & Co.
Kevin Dede
98%upside
$5
Buy
Reiterated
20 Mar 2024
Northland Capital Markets
Mike Grondahl
137%upside
$6
Outperform
Initiated
13 Feb 2024
HC Wainwright & Co.
Kevin Dede
98%upside
$5
Buy
Maintained
4 Dec 2023

Financial journalist opinion

Based on 13 articles about BTBT published over the past 30 days