Bit DigitalBTBT
BTBT
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. The Company has four reportable segments: digital asset mining, cloud services, colocation services, and ETH Staking. It generates majority of its revenue from digital asset mining.
Employees: 54
0
Funds holding %
of 7,299 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
124% more call options, than puts
Call options by funds: $12.1M | Put options by funds: $5.4M
9% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 46
0% more funds holding in top 10
Funds holding in top 10: 1 [Q4 2024] → 1 (+0) [Q1 2025]
9% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 33
4% less funds holding
Funds holding: 152 [Q4 2024] → 146 (-6) [Q1 2025]
6.29% less ownership
Funds ownership: 40.84% [Q4 2024] → 34.55% (-6.29%) [Q1 2025]
30% less capital invested
Capital invested by funds: $184M [Q4 2024] → $128M (-$56M) [Q1 2025]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$7
167%
upside
Avg. target
$7
167%
upside
High target
$7
167%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
HC Wainwright & Co. Kevin Dede | 167%upside $7 | Buy Reiterated | 19 May 2025 |
Financial journalist opinion
Based on 5 articles about BTBT published over the past 30 days
Positive
Zacks Investment Research
4 days ago
Here is What to Know Beyond Why Bit Digital, Inc. (BTBT) is a Trending Stock
Zacks.com users have recently been watching Bit Digital (BTBT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Positive
Proactive Investors
2 weeks ago
Bit Digital's WhiteFiber acquires North Carolina site for flagship AI data center campus
Bit Digital Inc (NASDAQ:BTBT) announced that its wholly-owned high performance computing subsidiary WhiteFiber has acquired a 96-acre industrial property in Madison, North Carolina. The company intends to retrofit the nearly 1 million square foot facility into a flagship AI data center campus.
Neutral
PRNewsWire
2 weeks ago
WhiteFiber Inc., Bit Digital's AI Unit, acquires ~1,000,000 square foot North Carolina Industrial Property to Support up to 200 MW HPC Data Center Campus
NEW YORK , June 2, 2025 /PRNewswire/ -- WhiteFiber Inc., the wholly-owned HPC subsidiary of Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), announced today that it has completed the acquisition of a 96-acre, ~1 million square foot industrial property in Madison, North Carolina. The Company will retrofit the facility into a flagship AI data center campus ("Facility").
Positive
Zacks Investment Research
3 weeks ago
Is Trending Stock Bit Digital, Inc. (BTBT) a Buy Now?
Bit Digital (BTBT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Positive
Zacks Investment Research
4 weeks ago
Is It Worth Investing in Bit Digital (BTBT) Based on Wall Street's Bullish Views?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Neutral
Seeking Alpha
1 month ago
Bit Digital, Inc. (BTBT) Q1 2025 Earnings Call Transcript
Bit Digital, Inc. (NASDAQ:BTBT ) Q1 2025 Earnings Conference Call May 16, 2025 10:00 AM ET Company Participants Cameron Schnier - Head of IR Sam Tabar - CEO Erke Huang - CFO Ben Lamson - Head of Revenue Billy Krassakopoulos - CEO, Enovum Conference Call Participants George Sutton - Craig-Hallum Brian Dobson - Clear Street Mike Grondahl - Northland Securities Nick Giles - B. Riley Securities Joe Gomes - Noble Capital Kevin Dede - H.C.
Positive
Seeking Alpha
1 month ago
Bit Digital's Q1 Earnings Bolster The Bull Case
Bit Digital is rapidly transitioning from digital mining to high-growth, high-margin cloud and AI services, with strong progress toward profitability. Technical analysis shows a compelling 10:1 risk/reward setup, with $1.70 as a clear stop and significant upside if momentum continues. The company's clean balance sheet, robust liquidity, and expanding data center capacity position it for substantial long-term upside.
Neutral
Zacks Investment Research
1 month ago
Bit Digital, Inc. (BTBT) Reports Q1 Loss, Lags Revenue Estimates
Bit Digital, Inc. (BTBT) came out with a quarterly loss of $0.05 per share in line with the Zacks Consensus Estimate. This compares to earnings of $0.03 per share a year ago.
Positive
Proactive Investors
1 month ago
Bit Digital grows cloud services in Q1 amid strong demand for GPU infrastructure
Bit Digital Inc (NASDAQ:BTBT) continued to grow its cloud services business in the first quarter, with cloud revenue surging 84% year-over-year to $14.8 million. Cloud revenue growth was driven by new GPU cloud service agreements and expanding partnerships, including deployments with DNA Fund and Boosteroid, the company said on Thursday.
Neutral
PRNewsWire
1 month ago
Bit Digital, Inc. Announces First Quarter of Fiscal Year 2025 Financial Results
NEW YORK , May 15, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset production headquartered in New York City, today announced its financial results for the First Quarter of 2025. The Company will host a conference call on May 16, 2025, at 10:00 AM ET to discuss results (click here for registration information).
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