B. Riley Issues Negative Outlook for Bit Digital Earnings

Bit Digital, Inc. (NASDAQ:BTBT - Free Report) - Research analysts at B. Riley decreased their Q3 2025 earnings per share estimates for shares of Bit Digital in a report issued on Sunday, June 29th. B. Riley analyst N. Giles now forecasts that the company will post earnings per share of ($0.01) for the quarter, down from their previous forecast 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 results on Thursday, May 15th. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). The company had revenue of $25.11 million during the quarter, compared to analyst estimates of $26.38 million. Bit Digital had a negative net margin of 77.27% and a negative return on equity of 10.83%.

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

Bit Digital Stock Performance

BTBT traded up $0.40 during midday trading on Tuesday, reaching $3.03. The company had a trading volume of 77,334,809 shares, compared to its average volume of 15,964,519. Bit Digital has a 12-month low of $1.69 and a 12-month high of $5.74. The business has a 50-day moving average price of $2.37 and a two-hundred day moving average price of $2.60. The stock has a market cap of $630.80 million, a PE ratio of -6.44 and a beta of 5.25.

Institutional Trading of Bit Digital

A number of institutional investors have recently modified their holdings of the business. Stifel Financial Corp raised its holdings in Bit Digital by 31.0% during the 4th quarter. Stifel Financial Corp now owns 14,027 shares of the company's stock valued at $41,000 after acquiring an additional 3,320 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Bit Digital by 10.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 44,846 shares of the company's stock valued at $132,000 after purchasing an additional 4,389 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Bit Digital by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 61,711 shares of the company's stock valued at $125,000 after purchasing an additional 6,195 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Bit Digital by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 287,566 shares of the company's stock valued at $843,000 after purchasing an additional 6,621 shares during the period. Finally, Rhumbline Advisers lifted its holdings in Bit Digital by 4.5% during the 4th quarter. Rhumbline Advisers now owns 156,715 shares of the company's stock worth $459,000 after purchasing an additional 6,809 shares in the last quarter. 47.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Bit Digital

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

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.