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Bit Digital
(NASDAQ:BTBT)
Bit Digital (BTBT) vs. SPDR S&P 500 ETF (SPY)
Bit Digital Business Overview & Revenue Model
Bit Digital Earnings Call Summary
Bit Digital Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 163.76M | 44.92M | 32.30M | 96.08M | 21.07M |
| Gross Profit | 101.38M | 15.36M | 11.92M | 65.34M | 6.96M |
| EBITDA | 59.87M | -12.31M | -11.06M | 26.18M | 4.45M |
| Net Income | 28.31M | -13.89M | -105.30M | -1.01M | -2.28M |
Balance Sheet | |||||
| Total Assets | 538.25M | 189.33M | 100.42M | 179.92M | 39.89M |
| Cash, Cash Equivalents and Short-Term Investments | 98.16M | 64.75M | 33.32M | 42.40M | 6.70M |
| Total Debt | 13.81M | 6.22M | 0.00 | 0.00 | 336.72K |
| Total Liabilities | 74.77M | 36.62M | 10.49M | 8.27M | 1.89M |
| Stockholders Equity | 463.48M | 152.70M | 89.93M | 171.64M | 38.00M |
Cash Flow | |||||
| Free Cash Flow | -106.99M | -65.55M | -27.83M | -70.10M | -7.92M |
| Operating Cash Flow | -12.99M | 1.11M | -8.50M | -23.26M | -3.42M |
| Investing Cash Flow | -149.02M | -69.16M | -18.61M | -40.93M | -2.05M |
| Financing Cash Flow | 242.86M | 52.22M | 18.71M | 106.19M | 5.25M |
Bit Digital Technical Analysis
Bit Digital Risk Analysis
Bit Digital Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $647.53M | 364.22 | 29.72% | ― | 39.84% | -10.81% | |
68 Neutral | $17.53B | 11.77 | 10.43% | 3.83% | 9.84% | 1.31% | |
64 Neutral | $1.02B | 8.82 | -11.34% | ― | 53.68% | -265.12% | |
55 Neutral | $3.41B | ― | -46.99% | ― | 19.82% | -77.95% | |
54 Neutral | $9.63M | ― | -107.11% | ― | -82.44% | 22.28% | |
52 Neutral | $5.83B | 14.11 | 18.26% | ― | 41.32% | -12.83% | |
50 Neutral | $1.86B | ― | -21.39% | ― | 0.11% | -914.42% |
Bit Digital Corporate Events
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.
On July 25, 2025, Bit Digital, Inc. appointed Justin Zhu as the Chief Accounting Officer and principal financial officer, while he continues his role as Senior Vice President of Finance. This transition follows Erke Huang’s resignation from the principal financial officer role to focus on the potential IPO of WhiteFiber, Inc., a subsidiary of Bit Digital, where he will serve as CFO. Mr. Zhu, with a background in accounting and finance from Ernst & Young and PricewaterhouseCoopers, will receive a salary and equity compensation as part of his new role.
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.
On July 14, 2025, Bit Digital, Inc. announced a placement agency agreement with B. Riley Securities, Inc. for a registered direct offering of 22 million ordinary shares at $3.06 per share, resulting in gross proceeds of approximately $67.3 million. The offering, which closed on July 15, 2025, is intended to fund the purchase of Ethereum, reflecting Bit Digital’s strategic focus on expanding its Ethereum-native operations and staking capabilities, potentially enhancing its market position in the digital asset industry.
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.
On June 25, 2025, Bit Digital, Inc. entered into an underwriting agreement with B. Riley Securities for a public offering of 75,000,000 ordinary shares at $1.90 per share, with an option for underwriters to purchase an additional 11,250,000 shares. The offering, which closed on June 27, 2025, is expected to generate net proceeds of approximately $141.5 million, potentially rising to $162.9 million if the option is fully exercised. The company plans to use the proceeds to purchase Ethereum, enhancing its position in the digital asset industry.
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.
On June 25, 2025, Bit Digital, Inc. announced the proposed initial public offering of its wholly-owned subsidiary, WhiteFiber, Inc., which is subject to market conditions and regulatory review. Concurrently, Bit Digital revealed a strategic shift towards becoming a dedicated Ethereum staking and treasury company, marking a significant evolution in its business model. This transition involves selling or winding down its bitcoin mining operations to focus on Ethereum, aiming to enhance shareholder value through increased ETH holdings and staking income.
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.
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.
On May 20, 2025, Bit Digital‘s subsidiary, White Fiber, Inc., completed the acquisition of an industrial building in Madison, North Carolina, from Unifi Manufacturing Inc. This strategic move positions the company to attract HPC data center tenants and leverage tax incentives due to its location in a region favorable for AI workloads. The acquisition, valued at $45 million, involves a collaboration with Duke Energy to secure substantial power supply, crucial for data center operations. The agreement includes conditions for electric service agreements and potential payments to Unifi Manufacturing Inc. based on power supply achievements.
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.
On May 20, 2025, Bit Digital, Inc. conducted its Annual Meeting of Shareholders, where key decisions were made, including the election of directors, approval of the 2025 Omnibus Equity Incentive Plan, and ratification of Audit Alliance, LLP as auditors for the fiscal year. The meeting also addressed executive compensation and its voting frequency, reflecting significant shareholder engagement and support for the company’s strategic initiatives.
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.