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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 | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 162.59M | 163.76M | 44.92M | 32.30M | 96.08M | 21.07M |
| Gross Profit | 108.89M | 101.38M | 15.36M | 11.92M | 65.34M | 6.96M |
| EBITDA | 200.10M | 59.87M | -12.31M | -11.06M | 26.18M | 4.45M |
| Net Income | 137.02M | 28.31M | -13.89M | -105.30M | -1.01M | -2.28M |
Balance Sheet | ||||||
| Total Assets | 1.13B | 538.25M | 189.33M | 100.42M | 179.92M | 39.89M |
| Cash, Cash Equivalents and Short-Term Investments | 180.15M | 98.16M | 64.75M | 33.32M | 42.40M | 405.13K |
| Total Debt | 41.92M | 13.81M | 6.22M | 0.00 | 0.00 | 336.72K |
| Total Liabilities | 87.50M | 74.77M | 36.62M | 10.49M | 8.27M | 1.89M |
| Stockholders Equity | 906.15M | 463.48M | 152.70M | 89.93M | 171.64M | 38.00M |
Cash Flow | ||||||
| Free Cash Flow | -448.39M | -106.99M | -65.55M | -27.83M | -70.10M | -7.92M |
| Operating Cash Flow | -197.54M | -12.99M | 1.11M | -8.50M | -23.26M | -3.42M |
| Investing Cash Flow | -289.09M | -149.02M | -69.16M | -18.61M | -40.93M | -2.05M |
| Financing Cash Flow | 563.84M | 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 | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $750.93M | 5.98 | 22.44% | ― | 9.52% | 496.04% | |
64 Neutral | $4.20B | 6.15 | 23.13% | ― | 53.51% | 112.53% | |
52 Neutral | $7.57B | ― | -9.69% | ― | 35.41% | -38.08% | |
49 Neutral | $1.07B | ― | -7.18% | ― | 60.71% | -52.29% | |
47 Neutral | $144.73M | 4.43 | 43.45% | 1.62% | 482.50% | 82.04% |
Bit Digital Corporate Events
The recent earnings call for Bit Digital, Inc. revealed a generally positive sentiment, with the company showcasing significant achievements in Ethereum holdings and staking revenue growth. The call highlighted Bit Digital’s strong financial position and strategic initiatives, such as the White Fiber IPO. Despite challenges like a decline in Bitcoin mining and increased general and administrative expenses, the positive aspects of the report were emphasized, indicating a promising outlook for the company.
Bit Digital, Inc. faces significant business risks due to its lack of patents protecting its intellectual property, which could undermine its competitive position. The company relies on trademarks, domain names, and proprietary technologies, safeguarded by intellectual property laws and contractual agreements, to protect its assets. However, the absence of patents and non-compete agreements with non-executive employees leaves it vulnerable to challenges, misappropriation, and costly litigation. This vulnerability, combined with reliance on third-party technologies, could adversely affect its business operations and financial health.
Bit Digital, Inc., a publicly traded digital asset company, specializes in Ethereum-native treasury and staking strategies and holds a significant stake in AI infrastructure provider WhiteFiber. In its third quarter of 2025 financial results, Bit Digital reported a notable 33% increase in total revenue to $30.5 million, driven by significant growth in its WhiteFiber business lines and Ethereum staking revenues. The company also achieved a remarkable turnaround with a net income of $146.7 million, compared to a net loss in the previous year, and an adjusted EBITDA of $166.8 million, highlighting gains on digital assets.
On September 29, 2025, Bit Digital, Inc. entered into an underwriting agreement with Barclays Capital Inc., Cantor Fitzgerald & Co., and B. Riley Securities, Inc. for the issuance and sale of $150 million in 4.00% Convertible Senior Notes due 2030. The issuance was completed on October 2, 2025, and the net proceeds of $143.3 million will primarily be used to purchase Ethereum and for general corporate purposes. These notes are senior, unsecured obligations and come with specific terms regarding conversion, redemption, and repurchase, which could impact the company’s financial strategy and stakeholder interests. The notes’ issuance positions Bit Digital to further its digital asset investments and strengthen its market presence in the Ethereum ecosystem.
The most recent analyst rating on (BTBT) stock is a Buy with a $5.50 price target. To see the full list of analyst forecasts on Bit Digital stock, see the BTBT Stock Forecast page.
On September 29, 2025, Bit Digital, Inc. announced preliminary unaudited financial results for the two months ending August 31, 2025, with expected revenues between $20.1 million and $22.2 million. The company also highlighted its subsidiary WhiteFiber’s plans to expand data centers in Canada and the U.S., with significant projects expected to be completed by 2026, potentially impacting its operational capabilities and market positioning.
The most recent analyst rating on (BTBT) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Bit Digital stock, see the BTBT Stock Forecast page.
On September 17, 2025, Bit Digital‘s Board of Directors decided to adjourn an extraordinary general meeting initially scheduled for August 5, 2025, to allow further solicitation and proxy voting. The meeting is rescheduled for September 25, 2025, where shareholders will vote on a proposal to increase the company’s authorized share capital significantly to enhance its financial capacity.
The most recent analyst rating on (BTBT) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Bit Digital stock, see the BTBT Stock Forecast page.
On September 17, 2025, Bit Digital, Inc. announced the adjournment of its extraordinary general meeting to allow for further proxy solicitation, with the meeting rescheduled for September 24, 2025. At this meeting, shareholders will vote on a resolution to significantly increase the company’s authorized share capital, potentially impacting its financial strategy and shareholder value.
The most recent analyst rating on (BTBT) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Bit Digital stock, see the BTBT Stock Forecast page.
On September 17, 2025, Bit Digital, Inc. attempted to hold its General Meeting of Shareholders to approve an increase in the company’s authorized share capital. However, due to the lack of a quorum, the meeting was adjourned to allow further proxy solicitation, with plans to reconvene on September 23, 2025.
The most recent analyst rating on (BTBT) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Bit Digital stock, see the BTBT Stock Forecast page.
On September 17, 2025, Bit Digital, Inc. held a General Meeting of Shareholders to discuss a proposal to increase its authorized share capital significantly. However, due to the absence of a quorum, the meeting was adjourned, and a new date was set for September 22, 2025, allowing for further proxy solicitation.
The most recent analyst rating on (BTBT) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Bit Digital stock, see the BTBT Stock Forecast page.
On September 10, 2025, Bit Digital, Inc. held a General Meeting of Shareholders to approve a proposal to increase the company’s authorized share capital. However, due to the absence of a quorum, the meeting was adjourned to September 17, 2025, in accordance with Cayman Islands law.
The most recent analyst rating on (BTBT) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Bit Digital stock, see the BTBT Stock Forecast page.
The recent earnings call of Bit Digital, Inc. revealed a balanced sentiment, reflecting both achievements and challenges. The company is undergoing a strategic transition towards an Ethereum-focused business model, highlighted by the successful completion of WhiteFiber’s IPO. While there are positive developments such as increased cloud services revenue and improved gross margin, the company faces challenges including a significant decline in Bitcoin mining revenue and increased general and administrative expenses.