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An announcement from Bit Digital ( (BTBT) ) is now available.
On August 8, 2025, WhiteFiber, Inc., a subsidiary of Bit Digital, Inc., completed its initial public offering, raising $159,375,000 by selling 9,375,000 ordinary shares at $17.00 per share. Post-offering, Bit Digital retains approximately 74.3% of WhiteFiber’s shares, with a potential decrease to 71.5% if underwriters exercise their option to purchase additional shares. Prior to the offering, Bit Digital transferred its HPC business to WhiteFiber in exchange for shares, effectively consolidating assets and liabilities related to WhiteFiber. Additionally, a Transition Services Agreement was established for Bit Digital to provide various administrative services to WhiteFiber for up to 24 months post-offering, ensuring operational continuity.
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 score is influenced by its strong corporate events and strategic shifts, which are positive for future growth. However, challenges in profitability, cash flow, and declining mining revenue weigh down the score. The technical indicators suggest cautious market sentiment, and the valuation reflects current financial hurdles.
To see Spark’s full report on BTBT stock, click here.
More about Bit Digital
Average Trading Volume: 37,280,020
Technical Sentiment Signal: Buy
Current Market Cap: $1.1B
See more data about BTBT stock on TipRanks’ Stock Analysis page.