B. Riley Forecasts Bit Digital's Q3 Earnings (NASDAQ:BTBT)

Bit Digital, Inc. (NASDAQ:BTBT - Free Report) - Equities research analysts at B. Riley lowered their Q3 2025 earnings per share (EPS) estimates for shares of Bit Digital in a research note issued to investors on Sunday, June 29th. B. Riley analyst N. Giles now anticipates that the company will post earnings of ($0.01) per share for the quarter, down from their prior estimate of $0.02. 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 Q1 2026 earnings at $0.00 EPS, Q2 2026 earnings at $0.01 EPS and Q3 2026 earnings at $0.01 EPS.

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

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

Bit Digital Price Performance

NASDAQ BTBT opened at $2.19 on Tuesday. The stock has a market capitalization of $456.68 million, a price-to-earnings ratio of -4.66 and a beta of 5.37. The business's fifty day moving average is $2.30 and its 200-day moving average is $2.62. Bit Digital has a one year low of $1.69 and a one year high of $5.74.

Insider Buying and Selling at Bit Digital

In other news, CEO Samir Tabar purchased 750,000 shares of the business's stock in a transaction dated Wednesday, June 25th. The stock was bought at an average price of $2.00 per share, for a total transaction of $1,500,000.00. Following the purchase, the chief executive officer owned 2,108,089 shares of the company's stock, valued at $4,216,178. The trade was a 55.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brock Jeffrey Pierce bought 500,000 shares of Bit Digital 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 $1,000,000.00. Following the purchase, the director directly owned 500,000 shares of the company's stock, valued at approximately $1,000,000. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 41.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bit Digital

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cerity Partners LLC purchased a new position in Bit Digital during the first quarter worth about $25,000. OLD Mission Capital LLC bought a new position in shares of Bit Digital in the fourth quarter worth approximately $31,000. Advance Capital Management Inc. purchased a new position in shares of Bit Digital in the first quarter valued at about $31,000. Caitong International Asset Management Co. Ltd increased its holdings in Bit Digital by 2,892.1% during the 1st 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 during the period. Finally, Cibc World Markets Corp purchased a new position in shares of Bit Digital during the fourth quarter valued at approximately $33,000. 47.70% of the stock is currently owned by institutional investors.

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.

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