BTBT Stock Overview
Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business.
Bit Digital Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$1.72|
|52 Week High||US$20.74|
|52 Week Low||US$1.38|
|1 Month Change||-37.46%|
|3 Month Change||-59.72%|
|1 Year Change||-83.10%|
|3 Year Change||-63.40%|
|5 Year Change||n/a|
|Change since IPO||-62.77%|
Recent News & Updates
Bit Digital Stock: Is Now A Good Time To Buy, Sell, Or Hold?
Bit Digital managed to generate a profit in 2021 through its bitcoin mining operation. The company has terminated all activities in China and is in the process of redeploying its fleet of mining equipment in North America. The stock appears undervalued relative to industry peers with the market likely not recognizing the transformation story. With a bullish outlook on bitcoin, we expect BTBT to outperform going forward and like the stock at the current level.
Bit Digital (NASDAQ:BTBT) Is Experiencing Growth In Returns On Capital
What are the early trends we should look for to identify a stock that could multiply in value over the long term...
|BTBT||US Software||US Market|
Return vs Industry: BTBT underperformed the US Software industry which returned -10.3% over the past year.
Return vs Market: BTBT underperformed the US Market which returned -10.4% over the past year.
|BTBT Average Weekly Movement||13.9%|
|Software Industry Average Movement||11.4%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.7%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: BTBT is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 14% a week.
Volatility Over Time: BTBT's weekly volatility has decreased from 24% to 14% over the past year, but is still higher than 75% of US stocks.
About the Company
Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities. The company was formerly known as Golden Bull Limited and changed its name to Bit Digital, Inc. in September 2020.
Bit Digital Fundamentals Summary
|BTBT fundamental statistics|
Is BTBT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BTBT income statement (TTM)|
|Cost of Revenue||US$30.74m|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.06|
|Net Profit Margin||5.06%|
How did BTBT perform over the long term?See historical performance and comparison
Is Bit Digital undervalued compared to its fair value and its price relative to the market?
Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate BTBT's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate BTBT's fair value for valuation analysis.
Price To Earnings Ratio
PE vs Industry: BTBT is good value based on its PE Ratio (28.4x) compared to the US Software industry average (41.9x).
PE vs Market: BTBT is poor value based on its PE Ratio (28.4x) compared to the US market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BTBT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BTBT is good value based on its PB Ratio (0.9x) compared to the US Software industry average (3.6x).
How is Bit Digital forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Software industry annual growth in earnings
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if BTBT's forecast earnings growth is above the savings rate (1.9%).
Earnings vs Market: Insufficient data to determine if BTBT's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: Insufficient data to determine if BTBT's revenue is forecast to grow faster than the US market.
High Growth Revenue: Insufficient data to determine if BTBT's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if BTBT's Return on Equity is forecast to be high in 3 years time
How has Bit Digital performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BTBT has a high level of non-cash earnings.
Growing Profit Margin: BTBT's current net profit margins (5.1%) are lower than last year (9.1%).
Past Earnings Growth Analysis
Earnings Trend: BTBT's earnings have grown significantly by 66.7% per year over the past 5 years.
Accelerating Growth: BTBT's earnings growth over the past year (152.8%) exceeds its 5-year average (66.7% per year).
Earnings vs Industry: BTBT earnings growth over the past year (152.8%) exceeded the Software industry 29.6%.
Return on Equity
High ROE: BTBT's Return on Equity (2.8%) is considered low.
How is Bit Digital's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: BTBT's short term assets ($96.6M) exceed its short term liabilities ($5.0M).
Long Term Liabilities: BTBT's short term assets ($96.6M) exceed its long term liabilities ($3.2M).
Debt to Equity History and Analysis
Debt Level: BTBT is debt free.
Reducing Debt: BTBT had no debt 5 years ago.
Debt Coverage: BTBT has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: BTBT has no debt, therefore coverage of interest payments is not a concern.
What is Bit Digital current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BTBT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BTBT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if BTBT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BTBT's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as BTBT has not reported any payouts.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bryan Bullett (49 yo)
Mr. Bryan Bullett serves as Chief Executive Officer at Bit Digital, Inc. since March 31, 2021. He has served as a consultant to the Company since February 2021, and has served as a consultant or independen...
CEO Compensation Analysis
Compensation vs Market: Bryan's total compensation ($USD2.82M) is above average for companies of similar size in the US market ($USD770.21K).
Compensation vs Earnings: Insufficient data to compare Bryan's compensation with company performance.
Experienced Management: BTBT's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Experienced Board: BTBT's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 65.4%.
Bit Digital, Inc.'s employee growth, exchange listings and data sources
- Name: Bit Digital, Inc.
- Ticker: BTBT
- Exchange: NasdaqCM
- Founded: 2017
- Industry: Application Software
- Sector: Software
- Implied Market Cap: US$138.276m
- Shares outstanding: 80.39m
- Website: https://bit-digital.com
Number of Employees
- Bit Digital, Inc.
- 33 Irving Place
- New York
- New York
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/15 00:00|
|End of Day Share Price||2022/05/13 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.