Analysts Set Expectations for Bit Digital FY2026 Earnings

Key Points

• HC Wainwright expects Bit Digital to lose $0.17 per share in FY2026, versus the current consensus estimate of a $0.56 loss, and maintains a Buy rating with a $4.00 price target.
• Analyst sentiment is mixed: Bit Digital has an average rating of Hold and a consensus price target of $4.38, with three Buy, one Hold, and one Sell rating.
• The company reported a quarterly loss of $0.31 per share, missing estimates by $0.26, despite revenue of $32.11 million exceeding expectations. Shares opened at $1.43 and remain highly volatile, with a beta of 3.97.

Bit Digital, Inc. (NASDAQ:BTBT - Free Report) - Research analysts at HC Wainwright issued their FY2026 earnings estimates for Bit Digital in a report released on Tuesday, September 8th. HC Wainwright analyst M. Colonnese forecasts that the company will earn ($0.17) per share for the year. HC Wainwright has a "Buy" rating and a $4.00 price target on the stock. The consensus estimate for Bit Digital's current full-year earnings is ($0.56) per share.

A number of other equities analysts also recently issued reports on the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Bit Digital in a research report on Thursday, August 13th. Craig Hallum reaffirmed a "buy" rating and set a $3.50 target price on shares of Bit Digital in a research note on Tuesday, July 14th. Finally, Zacks Research upgraded Bit Digital from a "strong sell" rating to a "hold" rating in a research report on Friday, July 17th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $4.38.

Bit Digital Price Performance

NASDAQ:BTBT opened at $1.43 on Thursday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.69. Bit Digital has a 52 week low of $1.18 and a 52 week high of $4.55. The stock's 50-day moving average price is $1.49 and its 200-day moving average price is $1.64. The stock has a market capitalization of $515.70 million, a PE ratio of -1.35 and a beta of 3.97.

Bit Digital (NASDAQ:BTBT - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.31) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.26). Bit Digital had a negative net margin of 237.19% and a negative return on equity of 10.66%. The firm had revenue of $32.11 million during the quarter, compared to analysts' expectations of $23.58 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BTBT. E6 Portfolios LLC acquired a new position in shares of Bit Digital during the 4th quarter worth approximately $28,000. Simplify Asset Management Inc. acquired a new stake in shares of Bit Digital in the first quarter valued at $31,000. Essential Partners LLC acquired a new stake in shares of Bit Digital in the first quarter valued at $35,000. NewEdge Advisors LLC raised its holdings in shares of Bit Digital by 4,576.3% in the 1st quarter. NewEdge Advisors LLC now owns 28,058 shares of the company's stock valued at $37,000 after buying an additional 27,458 shares during the period. Finally, Abel Hall LLC purchased a new stake in shares of Bit Digital in the 1st quarter valued at $40,000. 47.70% of the stock is owned by hedge funds and other institutional investors.

Bit Digital Company Profile

Bit Digital, Inc NASDAQ: BTBT is a digital-asset and infrastructure company engaged primarily in bitcoin mining and Ethereum staking. The company operates and manages specialized computing equipment used to validate transactions and earn digital assets, while seeking to use energy-efficient and environmentally responsible operating practices.

In addition to bitcoin mining, Bit Digital provides Ethereum staking services through its digital-asset infrastructure platform. The company has also expanded its focus toward high-performance computing and artificial intelligence infrastructure, including services that support data-intensive workloads and may complement its existing expertise in operating specialized computing equipment.

Bit Digital was formerly known as Golden Bull Limited and adopted its current name in 2020 as it repositioned its business around digital assets.

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