Northland Securities Forecasts Bit Digital Q3 Earnings

Key Points

• Northland Securities projects Bit Digital will report ($0.01) EPS for Q3 2026, with the consensus full-year forecast at a ($0.20) loss per share.
• Management holds a large liquid asset base — roughly 155,444 ETH (~$327M) plus a material WYFI stake (~$322M) — and is pivoting toward Ethereum and AI infrastructure while cutting ETH staking to increase treasury flexibility.
• Analyst coverage is mixed (two Buy, two Sell; consensus Hold, average price target $5.67), and the stock traded around $1.31 after a recent quarterly EPS miss (reported ($0.04) vs. est. ($0.02)) and negative margins.

Bit Digital, Inc. (NASDAQ:BTBT - Free Report) - Analysts at Northland Securities issued their Q3 2026 earnings estimates for shares of Bit Digital in a research report issued to clients and investors on Monday, April 6th. Northland Securities analyst M. Grondahl anticipates that the company will earn ($0.01) per share for the quarter. The consensus estimate for Bit Digital's current full-year earnings is ($0.20) per share.

Several other research firms have also issued reports on BTBT. Weiss Ratings lowered shares of Bit Digital from a "hold (c-)" rating to a "sell (d)" rating in a research note on Monday, March 30th. B. Riley Financial decreased their price target 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. Wall Street Zen lowered shares of Bit Digital from a "hold" rating to a "sell" rating in a research note on Saturday, March 7th. Zacks Research lowered shares of Bit Digital from a "hold" rating to a "strong sell" rating in a research note on Monday. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $7.00 price target on shares of Bit Digital in a research note on Thursday, April 2nd. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Bit Digital currently has a consensus rating of "Hold" and an average price target of $5.67.

Bit Digital Trading Down 3.7%

BTBT stock opened at $1.31 on Wednesday. The company's 50-day simple moving average is $1.66 and its 200-day simple moving average is $2.36. The company has a quick ratio of 17.53, 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. The firm has a market cap of $427.82 million, a P/E ratio of -2.38 and a beta of 4.02.

Bit Digital (NASDAQ:BTBT - Get Free Report) last posted its earnings results on Friday, March 27th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Bit Digital had a negative return on equity of 5.39% and a negative net margin of 70.70%.The firm had revenue of $32.34 million for the quarter, compared to analysts' expectations of $31.87 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sheets Smith Wealth Management purchased a new position in Bit Digital in the 3rd quarter valued at about $30,000. Hamilton Wealth LLC purchased a new position in Bit Digital in the 3rd quarter valued at about $30,000. LCM Capital Management Inc purchased a new position in Bit Digital in the 3rd quarter valued at about $33,000. Rafferty Asset Management LLC purchased a new position in Bit Digital in the 3rd quarter valued at about $33,000. Finally, Walleye Trading LLC purchased a new position in Bit Digital in the 2nd quarter worth approximately $25,000. 47.70% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Bit Digital

Here are the key news stories impacting Bit Digital this week:

• Positive Sentiment: Bit Digital reported it held ~155,444 ETH as of March 31, 2026, valued at roughly $327.0M based on the March 31 close — a sizable liquid asset base that underpins the balance sheet and provides optionality for capital allocation. PR: Monthly Ethereum Treasury and Staking Metrics
• Positive Sentiment: Management is repositioning the business toward Ethereum and AI infrastructure, highlighting 2025 results and a strategic pivot that could broaden revenue streams beyond pure BTC/ETH mining. This strategic messaging supports a longer-term growth narrative. Video: 2025 results and strategic pivot
• Positive Sentiment: The company holds a large position in WYFI shares (reported at roughly $322M in some coverage), adding another material non-mining asset that can support liquidity or monetization options. Article: WYFI stake and staking changes
• Positive Sentiment: Management reduced the portion of ETH allocated to staking in March to increase treasury flexibility — a move that prioritizes liquidity and optionality amid volatile crypto markets, though it may lower near-term staking revenue. Proactive: Staking allocation adjustment
• Neutral Sentiment: Multiple research shops updated FY2026 and quarterly EPS forecasts: Northland projects FY2026 EPS of ($0.09) with Q1/Q2 around ($0.04), while HC Wainwright provided quarterly schedules and maintains a Buy rating with a $7 target. These analyst models give guidance on expectations but show dispersion among forecasters.
• Neutral Sentiment: Comparative and sector coverage (e.g., a financial comparison with AirSculpt Technologies) may attract attention from different investor sets but is unlikely to move the stock materially by itself. Comparison: Bit Digital vs. AirSculpt
• Negative Sentiment: Market reaction: coverage noted the stock traded lower in the latest session (price weakness), reflecting investor concern about near-term earnings, staking yield trade-offs, and macro/crypto volatility that can pressure miner valuations. Zacks: Stock Sinks As Market Gains
• Negative Sentiment: HC Wainwright lowered its FY2026 EPS view (previously positive) and pushed some quarterly estimates into modest losses — a downward revision that can weigh on sentiment despite the firm's Buy rating and $7 target. (Market expectations now reflect continued near-term negative EPS.)

Bit Digital Company Profile

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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