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

Bit Digital logo with Business Services background

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.

Check Out Our Latest Report on BTBT

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

(Get Free Report)

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.

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Earnings History and Estimates for Bit Digital (NASDAQ:BTBT)

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