Bit Digital (BTBT)

• Market cap: $371M
• 1 day: -3.79%
• 5 days: 4.10%
• 1 month: 0.50%
• 3 months: -33.44%
• 6 months: -54.18%
• Year to date: -34.94%
• 1 year: -5.58%
• 5 years: 28.48%
• 10 years: -56.06%
• Sector: Financials
• Industry: Capital Markets

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

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

300% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 13

164% more repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 22

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]

1.53% more ownership

Funds ownership: 39.3% [Q3] → 40.83% (+1.53%) [Q4]

4% less capital invested

Capital invested by funds: $191M [Q3] → $184M (-$7.48M) [Q4]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $7 245% upside
• Avg. target: $7 245% upside
• High target: $7 245% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

HC Wainwright & Co. Kevin Dede 29% 1-year accuracy 17 / 59 met price target

245% upside $7

Buy Reiterated

21 Apr 2025