Bit DigitalBTBT
BTBT
About: Bit Digital Inc is engaged in the Bitcoin mining business, Ethereum staking activities and specialized cloud-infrastructure services for artificial intelligence applications through its wholly owned subsidiaries. Its mining platform operates with the primary intent of accumulating bitcoin which may sell for fiat currency from time to time depending on market conditions. The Company has four reportable segments: digital asset mining, cloud services, colocation services, and ETH Staking. It generates majority of its revenue from digital asset mining.
Employees: 54
0
Funds holding %
of 7,398 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
300% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 13
148% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 23
47% more call options, than puts
Call options by funds: $22.7M | Put options by funds: $15.5M
33% more funds holding
Funds holding: 114 [Q3] → 152 (+38) [Q4]
1.49% more ownership
Funds ownership: 39.34% [Q3] → 40.83% (+1.49%) [Q4]
4% less capital invested
Capital invested by funds: $191M [Q3] → $184M (-$7.67M) [Q4]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$6
174%
upside
Avg. target
$6.50
197%
upside
High target
$7
220%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
HC Wainwright & Co. Kevin Dede 21% 1-year accuracy 11 / 52 met price target | 220%upside $7 | Buy Reiterated | 17 Mar 2025 |
Craig-Hallum George Sutton 38% 1-year accuracy 8 / 21 met price target | 174%upside $6 | Buy Initiated | 21 Jan 2025 |
Financial journalist opinion
Based on 11 articles about BTBT published over the past 30 days
Positive
Zacks Investment Research
6 days ago
Why the Market Dipped But Bit Digital, Inc. (BTBT) Gained Today
Bit Digital, Inc. (BTBT) closed at $2.27 in the latest trading session, marking a +0.89% move from the prior day.
Positive
Proactive Investors
1 week ago
Bit Digital's WhiteFiber and Shadeform launch global on-demand access to Nvidia B200 GPUs
Bit Digital Inc (NASDAQ:BTBT) announced that its subsidiary WhiteFiber has struck a partnership with Shadeform, a multi-cloud GPU marketplace, to bring on-demand Nvidia B200 GPUs to customers worldwide, starting in April. WhiteFiber, known for its next-generation AI/ML-optimized GPU cloud infrastructure, will leverage Shadeform's expansive multi-cloud management capabilities and GPU marketplace to provide organizations and developers in over 100 regions with access to AI infrastructure.
Neutral
PRNewsWire
1 week ago
WhiteFiber and Shadeform Announce Strategic Partnership to deliver on-demand access to NVIDIA B200 GPUs
NEW YORK , March 20, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset production headquartered in New York, announced today that subsidiary WhiteFiber, a leading provider of high-performance GPU cloud infrastructure, and Shadeform, the premier multi-cloud GPU marketplace have entered a strategic partnership to bring on-demand NVIDIA B200 GPUs to customers beginning in April. This partnership combines WhiteFiber's next-generation AI/ML optimized GPU cloud with Shadeform's expansive, multi-cloud management capabilities, and GPU marketplace.
Positive
Proactive Investors
2 weeks ago
Bit Digital data center pipeline growth has analysts bullish
Bit Digital Inc (NASDAQ:BTBT) has earned a repeat ‘Outperform' rating from analysts at Noble Capital Research, who remain bullish on the Bitcoin mining and high performance computing (HPC) firm following the release of its fiscal 2024 financial report. “The 2024 fiscal year was transformative for Bit Digital, as the company expanded into the colocation business with the acquisition of Enovum,” Noble's analysts wrote in a note to clients.
Positive
Seeking Alpha
2 weeks ago
Bit Digital: A Capital Allocation Change Is Needed
Bit Digital's revenue surged 140% YoY in 2024, driven by a strategic pivot to Cloud and Colocation Services, now its largest revenue segment. Despite the growth, Bit Digital's operations showed a $28.1 million loss without unrealized crypto gains, highlighting dependency on digital asset valuation. The balance sheet is strong with no debt and high liquidity, but heavy reliance on ETH has been a significant drag on asset value.
Neutral
Seeking Alpha
2 weeks ago
Bit Digital, Inc. (BTBT) Q4 2024 Earnings Call Transcript
Bit Digital, Inc. (NASDAQ:BTBT ) Q4 2024 Earnings Conference Call March 14, 2025 8:30 AM ET Company Participants Cameron Schnier - Head of IR Samir Tabar - CEO Erke Huang - CFO Ben Lamson - Head of Revenue, WhiteFiber Billy Krassakopoulos - CEO, Enovum Conference Call Participants Mike Grondahl - Northland Securities Nick Giles - B. Riley Securities George Sutton - Craig-Hallum Kevin Dede - H.C.
Negative
Zacks Investment Research
2 weeks ago
Bit Digital, Inc. (BTBT) Reports Q4 Loss, Tops Revenue Estimates
Bit Digital, Inc. (BTBT) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.02 per share a year ago.
Positive
Proactive Investors
2 weeks ago
Bit Digital sees revenue surge as HPC business expands
Bit Digital Inc (NASDAQ:BTBT) has announced its financial results for 2024, highlighting significant revenue growth driven by its high-performance computing (HPC) business. The company reported total revenue of $108.1 million, marking a 141% increase from the prior year.
Neutral
PRNewsWire
2 weeks ago
Bit Digital, Inc. Announces Fiscal Year 2024 Financial Results
NEW YORK , March 14, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset production headquartered in New York City, today announced its financial results for Fiscal Year 2024. In conjunction with the Company's transition to domestic filer status, Bit Digital filed its Form 10K report with the U.S. Securities and Exchange Commission ("SEC") on March 14, 2025.
Positive
Zacks Investment Research
3 weeks ago
Brokers Suggest Investing in Bit Digital (BTBT): Read This Before Placing a Bet
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
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