Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Bit Digital ( (BTBT) ) has provided an update.
On June 18, 2025, Bit Digital‘s subsidiary WhiteFiber Inc. secured a USD $43.9 million credit facility with the Royal Bank of Canada to refinance the development of its Tier-3 AI data center in Pointe-Claire, Quebec. The financing will also support the retrofitting of additional sites in Quebec and North Carolina, aiming to significantly boost the company’s data center capacity to 76 MW by the end of 2026, contingent on further financing.
The most recent analyst rating on (BTBT) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on Bit Digital stock, see the BTBT Stock Forecast page.
Spark’s Take on BTBT Stock
According to Spark, TipRanks’ AI Analyst, BTBT is a Neutral.
Bit Digital’s overall stock score of 61 reflects a company with potential but facing significant challenges. The financial performance is stable but requires improvement in profitability and cash flow. Technical indicators suggest mixed momentum. Valuation is challenging due to negative earnings. Earnings call insights highlight growth areas but also underline financial hurdles. The recent strategic acquisition is a positive corporate event, indicating proactive positioning for future opportunities.
To see Spark’s full report on BTBT stock, click here.
More about Bit Digital
Bit Digital Inc. operates in the data center industry through its subsidiary WhiteFiber Inc., focusing on building and managing Tier-3 AI data centers. The company is actively expanding its data center capacity in North America, with a strong emphasis on increasing its megawatt capacity through strategic development projects.
Average Trading Volume: 13,997,343
Technical Sentiment Signal: Sell
Current Market Cap: $508.8M
Find detailed analytics on BTBT stock on TipRanks’ Stock Analysis page.