Bit Digital (BTBT) Expected to Announce Earnings on Thursday

Key Points

• Bit Digital (BTBT) is set to release its Q2 2025 earnings on August 18th, with analysts projecting a loss of ($0.02) per share and revenues of $27.46 million.
• In the previous quarter, Bit Digital reported an EPS of ($0.05), matching consensus expectations, but revenues fell short at $25.11 million compared to the expected $26.38 million.
• CEO Samir Tabar and Director Brock Jeffrey Pierce significantly increased their holdings in the company, with Tabar purchasing 750,000 shares at $2.00 per share.

Bit Digital (NASDAQ:BTBT - Get Free Report) is expected to be posting its Q2 2025 quarterly earnings results after the market closes on Thursday, August 14th. Analysts expect Bit Digital to post earnings of ($0.03) per share and revenue of $27.46 million for the quarter.

Bit Digital (NASDAQ:BTBT - Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported ($0.03) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.03). The firm had revenue of $25.66 million for the quarter, compared to analyst estimates of $27.46 million. Bit Digital had a negative net margin of 77.27% and a negative return on equity of 10.83%. 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 Stock Down 7.1%

Shares of BTBT traded down $0.23 during trading hours on Friday, reaching $2.97. 14,423,467 shares of the company traded hands, compared to its average volume of 24,411,566. The company's fifty day moving average price is $2.94 and its two-hundred day moving average price is $2.57. The company has a market capitalization of $948.68 million, a price-to-earnings ratio of -6.33 and a beta of 4.90. Bit Digital has a 12 month low of $1.69 and a 12 month high of $5.74.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Bit Digital

In other Bit Digital news, Director Brock Jeffrey Pierce acquired 500,000 shares of the business's stock in a transaction on Wednesday, June 25th. The shares were acquired at an average price of $2.00 per share, for a total transaction of $1,000,000.00. Following the completion of the acquisition, the director owned 500,000 shares in the company, valued at $1,000,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Samir Tabar acquired 750,000 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was acquired at an average price of $2.00 per share, for a total transaction of $1,500,000.00. Following the acquisition, the chief executive officer owned 2,108,089 shares of the company's stock, valued at approximately $4,216,178. This trade represents a 55.22% increase in their position. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BTBT. Walleye Trading LLC bought a new position in shares of Bit Digital in the second quarter worth approximately $25,000. Legal & General Group Plc lifted its stake in shares of Bit Digital by 60.2% in the second quarter. Legal & General Group Plc now owns 16,508 shares of the company's stock worth $36,000 after buying an additional 6,206 shares in the last quarter. Prudential Financial Inc. bought a new position in shares of Bit Digital in the second quarter worth approximately $41,000. BNP Paribas Financial Markets lifted its stake in shares of Bit Digital by 99.0% in the second quarter. BNP Paribas Financial Markets now owns 19,992 shares of the company's stock worth $44,000 after buying an additional 9,946 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Bit Digital by 50.5% in the second quarter. The Manufacturers Life Insurance Company now owns 65,361 shares of the company's stock worth $143,000 after buying an additional 21,943 shares in the last quarter. Institutional investors own 47.70% of the company's stock.

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.