Q1 Earnings Estimate for Bit Digital Issued By HC Wainwright

Key Points

• HC Wainwright forecasts Q1 2026 EPS of ($0.03), maintains a Buy rating with a $7.00 price target but cut FY2026 EPS to ($0.09) and issued negative quarterly EPS estimates, signaling weaker near‑term profitability.
• Bit Digital reported most recent quarter EPS of ($0.04), missing the ($0.02) consensus, and recorded a negative net margin of 70.7% on $32.34 million of revenue.
• The company holds a sizeable Ethereum treasury (~155,444.4 ETH, ~ $327M as of March 31, 2026) and reduced ETH staking to increase liquidity and preserve capital allocation flexibility.

Bit Digital, Inc. (NASDAQ:BTBT - Free Report) - Research analysts at HC Wainwright issued their Q1 2026 EPS estimates for Bit Digital in a note issued to investors on Thursday, April 2nd. HC Wainwright analyst K. Dede forecasts that the company will post earnings per share of ($0.03) for the quarter. HC Wainwright currently has a "Buy" rating and a $7.00 price target on the stock. The consensus estimate for Bit Digital's current full-year earnings is ($0.20) per share. HC Wainwright also issued estimates for Bit Digital's Q2 2026 earnings at ($0.03) EPS, Q3 2026 earnings at ($0.02) EPS, Q4 2026 earnings at ($0.01) EPS and FY2026 earnings at ($0.09) EPS.

Bit Digital (NASDAQ:BTBT - Get Free Report) last issued 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 business had revenue of $32.34 million for the quarter, compared to analysts' expectations of $31.87 million.

A number of other research firms have also recently weighed in on BTBT. Zacks Research raised shares of Bit Digital from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 17th. Wall Street Zen cut shares of Bit Digital from a "hold" rating to a "sell" rating in a report on Saturday, March 7th. B. Riley Financial cut their price objective on shares of Bit Digital from $6.00 to $5.00 and set a "buy" rating for the company in a report on Thursday, April 2nd. Finally, Weiss Ratings cut shares of Bit Digital from a "hold (c-)" rating to a "sell (d)" rating in a report on Monday, March 30th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Bit Digital presently has an average rating of "Hold" and an average price target of $5.67.

Bit Digital Stock Performance

Shares of Bit Digital stock traded down $0.06 during trading on Tuesday, hitting $1.31. 6,336,921 shares of the company's stock were exchanged, compared to its average volume of 24,837,662. Bit Digital has a 52-week low of $1.25 and a 52-week high of $4.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 17.53 and a current ratio of 6.39. The business has a 50-day simple moving average of $1.68 and a 200-day simple moving average of $2.38. The stock has a market capitalization of $426.19 million, a price-to-earnings ratio of -2.37 and a beta of 4.02.

Hedge Funds Weigh In On Bit Digital

Institutional investors and hedge funds have recently bought and sold shares of the business. Walleye Trading LLC acquired a new position in Bit Digital in the 2nd quarter valued at about $25,000. Cerity Partners LLC acquired a new position in Bit Digital in the 4th quarter valued at about $26,000. nVerses Capital LLC acquired a new position in Bit Digital in the 4th quarter valued at about $26,000. Marathon Capital Management acquired a new position in Bit Digital in the 4th quarter valued at about $28,000. Finally, E6 Portfolios LLC acquired a new position in Bit Digital in the 4th quarter valued at about $28,000. 47.70% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Bit Digital

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

• Positive Sentiment: Company holds a sizeable ETH treasury — ~155,444.4 ETH valued at roughly $327M as of March 31, 2026, which underpins asset value and balance-sheet liquidity. Bit Digital Inc. Reports Monthly Ethereum Treasury and Staking Metrics for March 2026
• Positive Sentiment: Management reduced the portion of ETH allocated to staking in March to increase liquidity and preserve capital allocation flexibility — a defensive move that reduces staking concentration risk and gives the company more optionality for capex, debt paydown, or buybacks. Bit Digital adjusts staking allocation to increase flexibility in March
• Neutral Sentiment: Northland Securities published FY2026 and quarterly EPS forecasts (Q1/Q2 roughly -$0.04, Q4 $0.00, FY -$0.09). These are analyst views that largely align with a negative-but-improving outlook for the year; they add context but are not company action. MarketBeat: Northland Securities estimates for Bit Digital
• Positive Sentiment: HC Wainwright maintains a Buy rating and a $7.00 price target on BTBT — a bullish signal from a sell-side firm that can support investor interest despite near-term noise. MarketBeat: HC Wainwright Buy rating and $7 target
• Negative Sentiment: HC Wainwright revised FY2026 EPS sharply lower (from prior $0.07 to an expected ($0.09)) and issued negative quarterly EPS forecasts (Q1/Q2 ~($0.03), Q3 ($0.02), Q4 ($0.01)), signaling weaker near-term profitability than previously modeled; the consensus full‑year estimate remains around ($0.20). This analyst downgrade is a headwind for sentiment. MarketBeat: HC Wainwright lowers FY2026 EPS for Bit Digital

About Bit Digital

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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