Bit DigitalBTBT
Market Cap: $405M
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
128% more call options, than puts
Call options by funds: $11.5M | Put options by funds: $5.03M
92% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 25
47% more capital invested
Capital invested by funds: $119M [Q1] → $175M (+$55.7M) [Q2]
9.9% more ownership
Funds ownership: 35.52% [Q1] → 45.42% (+9.9%) [Q2]
1% less funds holding
Funds holding: 107 [Q1] → 106 (-1) [Q2]
4% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 25
100% less funds holding in top 10
Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
HC Wainwright & Co. Kevin Dede 31% 1-year accuracy 14 / 45 met price target | 119%upside $6 | Buy Reiterated | 21 Aug 2024 |
HC Wainwright & Co. Kevin Dede 31% 1-year accuracy 14 / 45 met price target | 119%upside $6 | Buy Reiterated | 12 Jul 2024 |
HC Wainwright & Co. Kevin Dede 31% 1-year accuracy 14 / 45 met price target | 119%upside $6 | Buy Maintained | 1 Jul 2024 |
Financial journalist opinion
Based on 13 articles about BTBT published over the past 30 days