Bit Digital (BTBT) Stock Price, News & Analysis

Company Overview

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. Key sites are located in regions offering competitive electricity rates, including select areas in Texas, Quebec and Wyoming. The company employs both immersion cooling and advanced air-cooling technologies to optimize energy efficiency and maintain high uptime for its mining rigs. By diversifying its geographic footprint and power agreements, Bit Digital seeks to mitigate operational risks associated with local energy constraints and regulatory shifts.

Founded in 2018, Bit Digital has expanded through strategic equipment acquisitions, facility development and partnerships with third-party hosting providers. Since its initial deployment of mining rigs, the company has scaled its hashrate capacity by continuously upgrading to next-generation mining hardware. Bit Digital completed its listing on the Nasdaq Stock Market in 2021, transitioning from a private startup to a transparent, SEC-reporting public company governed by U.S. securities laws.

Bit Digital’s management team combines expertise in blockchain technology, energy procurement and public company governance. The company places a strong emphasis on operational transparency, with regular SEC filings detailing its mining performance and corporate developments. As the Bitcoin mining industry evolves, Bit Digital continues to pursue cost-effective site expansions and hardware upgrades in order to enhance its overall mining efficiency and shareholder value.

Key Stats

• Today's Range: $3.76 to $4.03
• 50-Day Range: $2.48 to $3.78
• 52-Week Range: $1.69 to $5.74
• Volume: 20.53 million shs
• Average Volume: 24.85 million shs
• Market Capitalization: $1.30 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $6.33
• Consensus Rating: Moderate Buy

Bit Digital Stock Analysis - MarketRank™

Bit Digital scored higher than 59% of companies evaluated by MarketBeat, and ranked 135th out of 320 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.8 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Bit Digital has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 2 buy ratings, no hold ratings, and 1 sell rating.

Upside Potential

Bit Digital has a consensus price target of $6.33, representing about 62.9% upside from its current price of $3.89.

Amount of Analyst Coverage

Bit Digital has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Bit Digital are expected to grow in the coming year, from ($0.20) to $0.03 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Bit Digital is -12.56, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Bit Digital is -12.56, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Bit Digital has a P/B Ratio of 1.31. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

14.57% of the outstanding shares of Bit Digital have been sold short.

Short Interest Ratio / Days to Cover

Bit Digital has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Bit Digital has recently decreased by 2.15%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Bit Digital does not currently pay a dividend.

Dividend Growth

Bit Digital does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

14.57% of the outstanding shares of Bit Digital have been sold short.

Short Interest Ratio / Days to Cover

Bit Digital has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Bit Digital has recently decreased by 2.15%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.7 / 5
• News Sentiment: 0.70

News Sentiment

Bit Digital has a news sentiment score of 0.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Bit Digital this week, compared to 7 articles on an average week.

Search Interest

114 people have searched for BTBT on MarketBeat in the last 30 days. This is an increase of 133% compared to the previous 30 days.

MarketBeat Follows

29 people have added Bit Digital to their MarketBeat watchlist in the last 30 days. This is an increase of 190% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Bit Digital insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.80% of the stock of Bit Digital is held by insiders.

Percentage Held by Institutions

47.70% of the stock of Bit Digital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BTBT Stock Analysis - Frequently Asked Questions

How have BTBT shares performed this year?

Bit Digital's stock was trading at $2.93 on January 1st, 2025. Since then, BTBT stock has increased by 32.7% and is now trading at $3.8890.

How were Bit Digital's earnings last quarter?

Bit Digital, Inc. (NASDAQ:BTBT) announced its quarterly earnings data on Thursday, August, 14th. The company reported ($0.03) EPS for the quarter, meeting analysts' consensus estimates of ($0.03). The company had revenue of $25.66 million for the quarter, compared to analysts' expectations of $27.46 million. Bit Digital had a negative net margin of 52.86% and a negative trailing twelve-month return on equity of 9.90%.
Read the conference call transcript.

Who are Bit Digital's major shareholders?

Bit Digital's top institutional investors include Moody National Bank Trust Division (0.01%). Insiders that own company stock include Samir Tabar and Brock Jeffrey Pierce.
View institutional ownership trends.

How do I buy shares of Bit Digital?

Shares of BTBT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Bit Digital own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Bit Digital investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Advanced Micro Devices (AMD), Riot Platforms (RIOT) and Marathon Digital (MARA).

Company Calendar

• Last Earnings: 8/14/2025
• Today: 10/08/2025
• Next Earnings (Estimated): 11/17/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Technology Services
• Sub-Industry: Banking
• Current Symbol: NASDAQ:BTBT
• CIK: 1710350
• Web: www.dianniu98.com
• Phone: (212) 463-5121
• Fax: N/A
• Employees: 10
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Bit Digital: $6.33
• High Price Target: $7.00
• Low Price Target: $6.00
• Potential Upside/Downside: +61.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 4 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.31)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $28.31 million
• Net Margins: -52.86%
• Pretax Margin: -48.72%
• Return on Equity: -9.90%
• Return on Assets: -8.36%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 7.82
• Quick Ratio: 7.83

Sales & Book Value

• Annual Sales: $108.05 million
• Price / Sales: 11.65
• Cash Flow: $0.04 per share
• Price / Cash Flow: 100.67
• Book Value: $2.96 per share
• Price / Book: 1.32

Miscellaneous

• Outstanding Shares: 321,430,000
• Free Float: 315,647,000
• Market Cap: $1.26 billion
• Optionable: Optionable
• Beta: 4.77