B. Riley Issues Positive Forecast for Bit Digital 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) - Investment analysts at B. Riley boosted their Q3 2025 EPS estimates for Bit Digital in a research note issued to investors on Thursday, September 4th. B. Riley analyst N. Giles now anticipates that the company will earn $0.00 per share 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.

BTBT has been the topic of a number of other reports. HC Wainwright restated a "buy" rating and issued a $7.00 price objective on shares of Bit Digital in a research note on Monday, August 18th. Wall Street Zen raised shares of Bit Digital from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 16th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat, Bit Digital currently has a consensus rating of "Buy" and a consensus price target of $6.33.

Bit Digital Price Performance

Shares of BTBT traded up $0.03 during midday trading on Monday, reaching $2.97. The stock had a trading volume of 31,223,868 shares, compared to its average volume of 20,863,762. The company's fifty day simple moving average is $3.04 and its two-hundred day simple moving average is $2.53. Bit Digital has a 1-year low of $1.69 and a 1-year high of $5.74. The company has a market cap of $954.65 million, a price-to-earnings ratio of -9.58 and a beta of 4.77.

Bit Digital (NASDAQ:BTBT - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.03) EPS for the quarter, meeting analysts' consensus estimates of ($0.03). The company had revenue of $25.66 million during the quarter, compared to the consensus estimate of $27.46 million. Bit Digital had a negative net margin of 52.86% and a negative return on equity of 9.90%.

Hedge Funds Weigh In On Bit Digital

Several hedge funds have recently made changes to their positions in BTBT. Nomura Holdings Inc. bought a new position in shares of Bit Digital in the second quarter valued at $1,736,000. Headlands Technologies LLC bought a new position in Bit Digital in the second quarter valued at about $56,000. Tower Research Capital LLC TRC grew its holdings in shares of Bit Digital by 596.5% during the second quarter. Tower Research Capital LLC TRC now owns 25,303 shares of the company's stock worth $55,000 after purchasing an additional 21,670 shares during the last quarter. Conversant Capital LLC bought a new stake in Bit Digital in the second quarter valued at approximately $4,982,000. Finally, Vident Advisory LLC lifted its stake in Bit Digital by 29.0% in the second quarter. Vident Advisory LLC now owns 3,723,069 shares of the company's stock valued at $8,154,000 after buying an additional 837,074 shares during the period. 47.70% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Samir Tabar bought 750,000 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was purchased at an average cost of $2.00 per share, for a total transaction of $1,500,000.00. Following the purchase, the chief executive officer directly owned 2,108,089 shares in the company, valued at $4,216,178. This trade represents a 55.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brock Jeffrey Pierce purchased 500,000 shares of the stock in a transaction on 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 acquisition, the director directly owned 500,000 shares in the company, 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. 1.80% of the stock is currently owned by 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.