B. Riley analyst Nick Giles lowered the firm’s price target on Bit Digital (BTBT) to $4 from $5 and keeps a Buy rating on the shares. Bit Digital reported Q1 revenue of $27.9M, down sequentially due to weaker cloud services, ETH staking, and mining activity, alongside a decline in staking income driven by lower ETH prices and portfolio repositioning, while management continues to position the business as a “Strategic Asset Company” linking ETH treasury/staking exposure with AI infrastructure via its stake in WhiteFiber (WYFI), the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BTBT:
- Bit Digital Bets on Ethereum and AI Amid Losses
- Crypto Currents: Bullish, Circle, Gemini report quarterly earnings
- Bit Digital options imply 10.3% move in share price post-earnings
- These Are the Stocks Reporting Earnings Today – May 14, 2026
- Options Volatility and Implied Earnings Moves Today, May 14, 2026