Bit Digital, Inc. (BTBT) AI Stock Analysis

Bit Digital, Inc. is primarily engaged in the bitcoin mining business alongside treasury management activities. Headquartered in New York, New York, the company was originally incorporated in 2017 under the name Golden Bull Limited before rebranding in September 2020. Operating in the cryptocurrency sector, Bit Digital leverages specialized hardware and software to validate and record transactions on the blockchain network. By solving complex mathematical puzzles, its mining operations secure the network and earn rewards in newly minted bitcoins and transaction fees, while treasury management helps allocate financial resources.

Bit Digital's revenue expanded at a 5-year CAGR of 40.1% from FY2020 to FY2025, though year-to-year results fluctuated substantially. Revenue fell 66.4% in FY2022 to $32.3M, rebounded to $44.9M in FY2023, and reached $163.8M in FY2024 before revenue fell 30.7% to $113.6M in FY2025. Gross margin declined from 61.9% in FY2024 to 21.4% in FY2025, while operating margin moved from 16.8% to -49.8%. Net income shifted from $28.3M in FY2024 to -$80.3M in FY2025. For the trailing twelve months ended June 30, 2026, revenue was $121.3M, supported by quarterly revenue growth of 25.6% year-over-year.

As of June 30, 2026, Bit Digital held $84.0M in cash and short-term investments against total debt of $430.3M, resulting in net debt of $346.3M. The company reported shareholders' equity of $395.2M, total assets of $1.24B, and a current ratio of 1.51, alongside a debt-to-equity ratio of 1.09. In FY2025, operating cash flow was -$288.9M and free cash flow was -$574.9M. Cash use during FY2025 included $285.9M in capital expenditures and $800,000 in dividends paid, while share count increased 531.3% over 5 years.

At a closing price of $0.96 on October 16, 2026, Bit Digital has a market capitalization of $346.1M and an enterprise value of $1.02B. The stock trades at a forward P/E of 7.8x, lower than the 10.8x median of its US-listed Financial Services peers. Its price-to-sales ratio is 2.9x, compared to the peer median of 3.2x, while its EV/EBITDA is 12.9x versus the peer median of 11.7x. Bit Digital shares have declined 74.0% over the past year and 91.4% over five years, lagging the S&P 500 returns of 16.8% and 83.0% over the same periods.

Wall Street coverage includes 5 Strong Buy ratings, with zero Buy, Hold, Sell, or Strong Sell recommendations. The mean price target is $3.63, representing a 278.5% premium to the October 16, 2026 closing price of $0.96. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $149.3M and an EPS of -$0.74. For the next fiscal year, 2 analysts project revenue of $310.1M and an EPS of -$0.15. Bit Digital logged 0 EPS beats over the last 4 quarters, with its next earnings date scheduled for November 13, 2026.

This page is an AI-written research summary of Bit Digital, Inc. (BTBT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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