company background image
BTBT logo

Bit Digital NasdaqCM:BTBT Stock Report

Last Price

US$2.04

Market Cap

US$352.7m

7D

14.6%

1Y

-8.5%

Updated

24 Apr, 2025

Data

Company Financials +

Bit Digital, Inc.

NasdaqCM:BTBT Stock Report

Market Cap: US$352.7m

BTBT Stock Overview

Engages in the bitcoin mining business. More details

BTBT fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance2/6
Financial Health6/6
Dividends0/6

Rewards

Price-To-Earnings ratio (13.2x) is below the US market (16.6x)

Revenue is forecast to grow 40.72% per year

Became profitable this year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 199%

Risk Analysis

Earnings are forecast to decline by an average of 2.8% per year for the next 3 years

Shareholders have been substantially diluted in the past year

High level of non-cash earnings

Volatile share price over the past 3 months compared to the US market


Community vs My Fair Value

Select a narrative for quick price alerts from the community, or create your own.

BTBT logo
Bit Digital
AN
AnalystConsensusTarget
Consensus Narrative from 5 Analysts

WhiteFiber Launch And Enovum Acquisition Will Strengthen Data Center Operations

Key Takeaways Strategic acquisitions and data center expansions enable vertical integration, operational efficiency, and scalable infrastructure, driving revenue and margin growth. Investment in on-demand GPU platforms and partnerships captures high-margin revenue, fostering customer diversification and earnings growth.
View narrative
US$6.10
FV
66.6% undervalued intrinsic discount
47.82%
Revenue growth p.a.
1users have liked this narrative
0users have commented on this narrative
51users have followed this narrative
1 day ago author updated this narrative
View Bit Digital Community

Bit Digital, Inc. Competitors

Gorilla Technology Group

NasdaqCM:GRRR

US$341.2m

Mitek Systems

NasdaqCM:MITK

US$362.4m

Materialise

NasdaqGS:MTLS

US$273.5m

ReposiTrak

NYSE:TRAK

US$377.9m

Price History & Performance

Summary of share price highs, lows and changes for Bit Digital
Historical stock prices
Current Share PriceUS$2.04
52 Week HighUS$5.74
52 Week LowUS$1.69
Beta6.07
1 Month Change-13.92%
3 Month Change-44.72%
1 Year Change-8.52%
3 Year Change-7.27%
5 Year Change37.84%
Change since IPO-55.84%

Recent News & Updates

Market Cool On Bit Digital, Inc.'s (NASDAQ:BTBT) Revenues Pushing Shares 26% Lower

Apr 18
Market Cool On Bit Digital, Inc.'s (NASDAQ:BTBT) Revenues Pushing Shares 26% Lower

Recent updates

Market Cool On Bit Digital, Inc.'s (NASDAQ:BTBT) Revenues Pushing Shares 26% Lower

Apr 18
Market Cool On Bit Digital, Inc.'s (NASDAQ:BTBT) Revenues Pushing Shares 26% Lower

Market Cool On Bit Digital, Inc.'s (NASDAQ:BTBT) Revenues Pushing Shares 27% Lower

Mar 04
Market Cool On Bit Digital, Inc.'s (NASDAQ:BTBT) Revenues Pushing Shares 27% Lower

Bit Digital, Inc.'s (NASDAQ:BTBT) P/S Is Still On The Mark Following 29% Share Price Bounce

Dec 01
Bit Digital, Inc.'s (NASDAQ:BTBT) P/S Is Still On The Mark Following 29% Share Price Bounce

Bit Digital, Inc.'s (NASDAQ:BTBT) 36% Jump Shows Its Popularity With Investors

Oct 06
Bit Digital, Inc.'s (NASDAQ:BTBT) 36% Jump Shows Its Popularity With Investors
author-image

HPC Expansion And Ethereum Play Boost Prospects Amid Analysts' Mixed Profit Forecasts

Sep 20 Expansion into high-performance computing and strategic partnerships like the one with Boosteroid position Bit Digital for diversified revenue growth.

Bit Digital, Inc. (NASDAQ:BTBT) Looks Just Right With A 33% Price Jump

Jul 12
Bit Digital, Inc. (NASDAQ:BTBT) Looks Just Right With A 33% Price Jump

Why Bit Digital's (NASDAQ:BTBT) Earnings Are Weaker Than They Seem

May 22
Why Bit Digital's (NASDAQ:BTBT) Earnings Are Weaker Than They Seem

Even With A 33% Surge, Cautious Investors Are Not Rewarding Bit Digital, Inc.'s (NASDAQ:BTBT) Performance Completely

May 21
Even With A 33% Surge, Cautious Investors Are Not Rewarding Bit Digital, Inc.'s (NASDAQ:BTBT) Performance Completely

Earnings Beat: Bit Digital, Inc. (NASDAQ:BTBT) Just Beat Analyst Forecasts, And Analysts Have Been Lifting Their Forecasts

Mar 22
Earnings Beat: Bit Digital, Inc. (NASDAQ:BTBT) Just Beat Analyst Forecasts, And Analysts Have Been Lifting Their Forecasts

Bit Digital: Bitcoin Halving Could Make Mining More Difficult

Mar 19

Bit Digital, Inc. (NASDAQ:BTBT) Stocks Pounded By 31% But Not Lagging Industry On Growth Or Pricing

Mar 14
Bit Digital, Inc. (NASDAQ:BTBT) Stocks Pounded By 31% But Not Lagging Industry On Growth Or Pricing

We Think Bit Digital (NASDAQ:BTBT) Needs To Drive Business Growth Carefully

Feb 16
We Think Bit Digital (NASDAQ:BTBT) Needs To Drive Business Growth Carefully

Bit Digital, Inc. (NASDAQ:BTBT) Stocks Pounded By 27% But Not Lagging Industry On Growth Or Pricing

Jan 20
Bit Digital, Inc. (NASDAQ:BTBT) Stocks Pounded By 27% But Not Lagging Industry On Growth Or Pricing

Bit Digital: Still Buying This Small Cap Crypto Play

Jan 15

We're Keeping An Eye On Bit Digital's (NASDAQ:BTBT) Cash Burn Rate

Oct 26
We're Keeping An Eye On Bit Digital's (NASDAQ:BTBT) Cash Burn Rate

Bit Digital gets cease-and-desist order for Blockfusion facility in Niagara Falls

Oct 07

Crypto miner Bit Digital earned 145.3 Bitcoins in August, up 2% M/M

Sep 08

Bit Digital reports Q2 results

Aug 30

Bit Digital stock gains on securing 5MW hosting capacity

Aug 03

Crypto miner Bit Digital bitcoin production jumps nearly 27% in June

Jul 12

Bit Digital: Is It Better To Buy Bitcoin Instead?

Jun 21

Bit Digital Stock: Is Now A Good Time To Buy, Sell, Or Hold?

Apr 22

Bit Digital (NASDAQ:BTBT) Is Experiencing Growth In Returns On Capital

Apr 21
Bit Digital (NASDAQ:BTBT) Is Experiencing Growth In Returns On Capital

Bit Digital: Future Looks Bright With Bitcoin Rebound

Mar 17

Bit Digital: 'Out Of China' Bitcoin Mining Operations Update, Valuable Stock But Wait For Q4

Dec 13

Shareholder Returns

BTBTUS SoftwareUS Market
7D14.6%6.6%4.1%
1Y-8.5%6.8%7.9%

Return vs Industry: BTBT underperformed the US Software industry which returned 2.2% over the past year.

Return vs Market: BTBT underperformed the US Market which returned 5.9% over the past year.

Price Volatility

Is BTBT's price volatile compared to industry and market?
BTBT volatility
BTBT Average Weekly Movement12.0%
Software Industry Average Movement9.4%
Market Average Movement7.8%
10% most volatile stocks in US Market16.5%
10% least volatile stocks in US Market4.1%

Stable Share Price: BTBT's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: BTBT's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
201554Sam Tabarwww.bit-digital.com

Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. The company designs, develops, and operates high-performance computing (HPC) data centers that offers hosting and colocation services; and cloud-based HPC graphics processing units for artificial intelligence and machine learning developers. It is also involved in the treasury management activities; fund and investment management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities.

Bit Digital, Inc. Fundamentals Summary

How do Bit Digital's earnings and revenue compare to its market cap?
BTBT fundamental statistics
Market capUS$352.72m
Earnings (TTM)US$28.31m
Revenue (TTM)US$107.50m

13.2x

P/E Ratio

3.5x

P/S Ratio

Is BTBT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BTBT income statement (TTM)
RevenueUS$107.50m
Cost of RevenueUS$62.38m
Gross ProfitUS$45.12m
Other ExpensesUS$16.82m
EarningsUS$28.31m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.15
Gross Margin41.97%
Net Profit Margin26.33%
Debt/Equity Ratio0%

How did BTBT perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/24 11:30
End of Day Share Price 2025/04/24 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Bit Digital, Inc. is covered by 6 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nicholas GilesB. Riley Securities, Inc.
Lucas PipesB. Riley Securities, Inc.
George SuttonCraig-Hallum Capital Group LLC