B. Riley Has Optimistic Outlook of Bit Digital Q3 Earnings

Key Points

• B. Riley has increased its Q3 2025 EPS estimate for Bit Digital to $0.00 per share, a notable improvement from the previous forecast of ($0.01). The consensus for the full-year earnings remains at ($0.20) per share.
• Bit Digital's recent quarterly earnings reported a loss of ($0.03) per share, aligning with analyst expectations, but fell short of revenue projections at $25.66 million against a $27.46 million estimate.
• Institutional investors hold 47.70% of Bit Digital's stock, with significant new stakes acquired in the second quarter from firms like Balyasny Asset Management and Valiant Capital Management.

Bit Digital, Inc. (NASDAQ:BTBT - Free Report) - Research analysts at B. Riley increased their Q3 2025 earnings per share estimates for shares of Bit Digital in a research report issued on Thursday, September 4th. B. Riley analyst N. Giles now anticipates that the company will post earnings per share of $0.00 for the quarter, up from their prior estimate of ($0.01). 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 2026 earnings at $0.00 EPS, FY2026 earnings at ($0.01) EPS, Q1 2027 earnings at $0.01 EPS, Q2 2027 earnings at $0.01 EPS and FY2027 earnings at $0.06 EPS.

Bit Digital (NASDAQ:BTBT - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The company reported ($0.03) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.03). The company had revenue of $25.66 million for 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%.

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

Bit Digital Trading Down 0.5%

BTBT stock traded down $0.02 during midday trading on Monday, reaching $2.96. The stock had a trading volume of 14,524,364 shares, compared to its average volume of 24,166,938. The company's fifty day simple moving average is $3.05 and its 200 day simple moving average is $2.52. The company has a market cap of $949.83 million, a price-to-earnings ratio of -9.52 and a beta of 4.77. Bit Digital has a 52-week low of $1.69 and a 52-week high of $5.74.

Insiders Place Their Bets

In related news, Director Brock Jeffrey Pierce bought 500,000 shares of the business's stock in a transaction 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 purchase, the director directly owned 500,000 shares of the company's stock, valued at $1,000,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Samir Tabar bought 750,000 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was bought at an average cost of $2.00 per share, with a total value of $1,500,000.00. Following the completion of the purchase, the chief executive officer directly owned 2,108,089 shares in the company, valued at approximately $4,216,178. The trade was a 55.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.80% of the stock is owned by company insiders.

Institutional Trading of Bit Digital

Hedge funds and other institutional investors have recently modified their holdings of the business. ProShare Advisors LLC increased its position in shares of Bit Digital by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 33,753 shares of the company's stock worth $99,000 after purchasing an additional 11,107 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Bit Digital during the 4th quarter worth about $46,000. Tower Research Capital LLC TRC increased its position in shares of Bit Digital by 90.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 15,529 shares of the company's stock worth $46,000 after purchasing an additional 7,395 shares during the last quarter. Uniplan Investment Counsel Inc. increased its position in shares of Bit Digital by 203.8% during the 1st quarter. Uniplan Investment Counsel Inc. now owns 1,089,300 shares of the company's stock worth $2,200,000 after purchasing an additional 730,766 shares during the last quarter. Finally, Deutsche Bank AG acquired a new stake in shares of Bit Digital during the 1st quarter worth about $357,000. 47.70% of the stock is owned by institutional investors and hedge funds.

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.