What is B. Riley's Forecast for Bit Digital Q2 Earnings?

Bit Digital, Inc. (NASDAQ:BTBT - Free Report) - Investment analysts at B. Riley issued their Q2 2025 earnings per share estimates for shares of Bit Digital in a note issued to investors on Sunday, June 29th. B. Riley analyst N. Giles anticipates that the company will post earnings of ($0.02) 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 Q4 2025 earnings at ($0.01) EPS, FY2025 earnings at ($0.09) EPS, Q4 2026 earnings at $0.03 EPS, FY2026 earnings at $0.05 EPS and FY2027 earnings at $0.12 EPS.

Bit Digital (NASDAQ:BTBT - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($0.05) EPS for the quarter, hitting analysts' consensus estimates of ($0.05). Bit Digital had a negative return on equity of 10.83% and a negative net margin of 77.27%. The company had revenue of $25.11 million during the quarter, compared to analysts' expectations of $26.38 million.

Separately, HC Wainwright reaffirmed a "buy" rating and set a $7.00 price target on shares of Bit Digital in a research report on Thursday, June 26th.

Bit Digital Price Performance

BTBT traded up $0.40 on Wednesday, reaching $3.03. 77,334,809 shares of the stock were exchanged, compared to its average volume of 15,938,996. The company's 50-day moving average price is $2.37 and its 200 day moving average price is $2.59. Bit Digital has a fifty-two week low of $1.69 and a fifty-two week high of $5.74. The firm has a market capitalization of $630.80 million, a PE ratio of -6.44 and a beta of 5.25.

Insider Activity

In related news, CEO Samir Tabar acquired 750,000 shares of the firm's stock in a transaction dated Wednesday, June 25th. The stock was acquired at an average price of $2.00 per share, with a total value of $1,500,000.00. Following the acquisition, the chief executive officer directly owned 2,108,089 shares in the company, valued at $4,216,178. This represents a 55.22% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Brock Jeffrey Pierce purchased 500,000 shares of Bit Digital stock in a transaction that occurred on Wednesday, June 25th. The stock was acquired at an average cost of $2.00 per share, with a total value of $1,000,000.00. Following the acquisition, the director directly owned 500,000 shares in the company, valued at $1,000,000. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 2.32% of the company's stock.

Hedge Funds Weigh In On Bit Digital

Large investors have recently bought and sold shares of the business. Cerity Partners LLC acquired a new position in Bit Digital in the 1st quarter worth about $25,000. OLD Mission Capital LLC purchased a new stake in shares of Bit Digital in the fourth quarter valued at approximately $31,000. Advance Capital Management Inc. purchased a new stake in shares of Bit Digital in the first quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd grew its position in shares of Bit Digital by 2,892.1% in the first quarter. Caitong International Asset Management Co. Ltd now owns 15,200 shares of the company's stock valued at $31,000 after purchasing an additional 14,692 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new stake in shares of Bit Digital in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 47.70% of the company's stock.

About Bit Digital

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.