Q1 Earnings Forecast for Bit Digital Issued By B. Riley

Key Points

• B. Riley estimates that Bit Digital will report Q1 2026 earnings of ($0.01) per share, while the consensus estimate for the full year is ($0.20) per share.
• Despite recent losses and a negative net margin of 52.86%, institutional investors own 47.70% of Bit Digital's stock, indicating strong interest in the company.
• CEO Samir Tabar and Director Brock Jeffrey Pierce significantly increased their holdings, acquiring 750,000 and 500,000 shares respectively, each at $2.00 per share.

Bit Digital, Inc. (NASDAQ:BTBT - Free Report) - Investment analysts at B. Riley issued their Q1 2026 earnings per share estimates for shares of Bit Digital in a research note issued to investors on Thursday, September 4th. B. Riley analyst N. Giles anticipates that the company will post earnings of ($0.01) per share for the quarter. The consensus estimate for Bit Digital's current full-year earnings is ($0.20) per share. B. Riley also issued estimates for Bit Digital's Q2 2026 earnings at ($0.01) EPS and Q3 2026 earnings at $0.00 EPS.

Several other research analysts have also recently weighed in on BTBT. Wall Street Zen upgraded Bit Digital from a "strong sell" rating to a "hold" rating in a report on Saturday, August 16th. HC Wainwright restated a "buy" rating and set a $7.00 target price on shares of Bit Digital in a report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company's stock. According to MarketBeat, Bit Digital has a consensus rating of "Buy" and an average price target of $6.33.

Bit Digital Stock Up 1.2%

Shares of Bit Digital stock traded up $0.03 on Friday, hitting $2.51. 15,051,583 shares of the company were exchanged, compared to its average volume of 20,711,726. The stock has a market capitalization of $806.79 million, a price-to-earnings ratio of -8.10 and a beta of 4.77. The company has a 50-day moving average price of $3.02 and a 200 day moving average price of $2.52. Bit Digital has a 1-year low of $1.69 and a 1-year high of $5.74.

Bit Digital (NASDAQ:BTBT - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). The company had revenue of $25.66 million during the quarter, compared to analyst estimates of $27.46 million. Bit Digital had a negative return on equity of 9.90% and a negative net margin of 52.86%.

Institutional Trading of Bit Digital

A number of institutional investors and hedge funds have recently bought and sold shares of BTBT. Balyasny Asset Management L.P. purchased a new stake in shares of Bit Digital during the second quarter worth $10,385,000. Valiant Capital Management L.P. purchased a new stake in shares of Bit Digital during the second quarter worth $8,760,000. Vident Advisory LLC increased its position in shares of Bit Digital by 29.0% during the second quarter. Vident Advisory LLC now owns 3,723,069 shares of the company's stock worth $8,154,000 after acquiring an additional 837,074 shares during the period. Geode Capital Management LLC increased its position in shares of Bit Digital by 24.2% during the second quarter. Geode Capital Management LLC now owns 3,585,744 shares of the company's stock worth $7,853,000 after acquiring an additional 699,134 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Bit Digital during the second quarter worth $7,512,000. 47.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Bit Digital news, Director Brock Jeffrey Pierce acquired 500,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The shares were purchased at an average cost of $2.00 per share, for a total transaction of $1,000,000.00. Following the completion of the acquisition, the director owned 500,000 shares of the company's stock, valued at approximately $1,000,000. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Samir Tabar purchased 750,000 shares of the firm's stock in a transaction on Wednesday, June 25th. The shares were purchased at an average price of $2.00 per share, for a total transaction of $1,500,000.00. Following the completion of the purchase, the chief executive officer directly owned 2,108,089 shares of the company's stock, valued at $4,216,178. This represents a 55.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.80% of the company's stock.

Bit Digital Company Profile

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.