Bit Digital (NASDAQ:BTBT - Get Free Report) will likely be issuing its Q1 2026 results before the market opens on Thursday, May 14th. Analysts expect the company to announce earnings of ($0.04) per share and revenue of $25.7290 million for the quarter. Parties may visit the the company's upcoming Q1 2026 earning results page for the latest details on the call scheduled for Friday, May 15, 2026 at 10:00 AM ET.
Bit Digital (NASDAQ:BTBT - Get Free Report) last released its quarterly earnings results on Friday, March 27th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). The business had revenue of $32.34 million for the quarter, compared to analysts' expectations of $31.87 million. Bit Digital had a negative net margin of 70.70% and a negative return on equity of 5.39%. On average, analysts expect Bit Digital to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Bit Digital Price Performance
Bit Digital stock opened at $1.93 on Thursday. The company has a market cap of $630.30 million, a price-to-earnings ratio of -3.51 and a beta of 3.95. The firm's fifty day moving average is $1.56 and its 200 day moving average is $2.10. The company has a quick ratio of 6.39, a current ratio of 6.39 and a debt-to-equity ratio of 0.13. Bit Digital has a 52-week low of $1.25 and a 52-week high of $4.55.
Institutional Investors Weigh In On Bit Digital
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. boosted its stake in Bit Digital by 18.0% during the 4th quarter. Invesco Ltd. now owns 10,492,680 shares of the company's stock worth $19,831,000 after purchasing an additional 1,604,011 shares during the last quarter. Vident Advisory LLC raised its holdings in shares of Bit Digital by 9.7% during the 4th quarter. Vident Advisory LLC now owns 1,229,756 shares of the company's stock worth $2,324,000 after acquiring an additional 108,387 shares during the period. Mackenzie Financial Corp raised its holdings in shares of Bit Digital by 75.4% during the 4th quarter. Mackenzie Financial Corp now owns 20,073 shares of the company's stock worth $39,000 after acquiring an additional 8,630 shares during the period. XTX Topco Ltd raised its holdings in shares of Bit Digital by 162.9% during the 4th quarter. XTX Topco Ltd now owns 388,886 shares of the company's stock worth $735,000 after acquiring an additional 240,950 shares during the period. Finally, nVerses Capital LLC purchased a new position in shares of Bit Digital during the 4th quarter worth $26,000. Institutional investors and hedge funds own 47.70% of the company's stock.
Wall Street Analyst Weigh In
BTBT has been the topic of a number of recent research reports. Weiss Ratings downgraded shares of Bit Digital from a "hold (c-)" rating to a "sell (d)" rating in a research note on Monday, March 30th. Wall Street Zen downgraded shares of Bit Digital from a "hold" rating to a "sell" rating in a research note on Saturday, March 7th. B. Riley Financial reduced their target price on shares of Bit Digital from $6.00 to $5.00 and set a "buy" rating on the stock in a research note on Thursday, April 2nd. Zacks Research downgraded shares of Bit Digital from a "hold" rating to a "strong sell" rating in a research note on Monday, April 6th. Finally, HC Wainwright reissued a "buy" rating and issued a $7.00 target price on shares of Bit Digital in a research note on Thursday, April 2nd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $5.67.
View Our Latest Report on Bit Digital
Bit Digital Company Profile
(
Get Free Report)
Bit Digital, Inc NASDAQ: BTBT is a publicly traded digital asset mining company that specializes in the proof-of-work mining of Bitcoin. Incorporated in Nevada and headquartered in New York City, Bit Digital develops, owns and manages a fleet of high-efficiency ASIC miners, with the primary aim of generating newly minted Bitcoin through computational work. The company's revenue is derived solely from its mining operations and any resulting cryptocurrency holdings.
To support its mining activities, Bit Digital maintains multiple data center facilities across North America.
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