Bit Digital, Inc. (BTBT)

NASDAQ: BTBT · Real-Time Price · USD
2.710
-0.240 (-8.14%)
At close: Feb 21, 2025, 4:00 PM
2.760
+0.050 (1.85%)
After-hours: Feb 21, 2025, 7:59 PM EST
-8.14%
Market Cap 400.17M
Revenue (ttm) 98.00M
Net Income (ttm) -2.69M
Shares Out 147.66M
EPS (ttm) -0.03
PE Ratio n/a
Forward PE 30.67
Dividend n/a
Ex-Dividend Date n/a
Volume 14,630,047
Open 3.040
Previous Close 2.950
Day's Range 2.710 - 3.050
52-Week Range 1.760 - 5.740
Beta 4.89
Analysts Strong Buy
Price Target 6.33 (+133.58%)
Earnings Date Mar 17, 2025

About BTBT

Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications. The company was formerly known as Golden Bull Limited and changed its name to Bit Digital, Inc. in September 2020. Bit Digital, Inc. was founded in 2015 and is headquartered in New York, N... [Read more]

Industry Capital Markets
Sector Financials
IPO Date Mar 20, 2018
Employees 24
Stock Exchange NASDAQ
Ticker Symbol BTBT
Full Company Profile

Financial Performance

In 2023, Bit Digital's revenue was $44.92 million, an increase of 39.07% compared to the previous year's $32.30 million. Losses were -$13.89 million, -86.81% less than in 2022.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for BTBT stock is "Strong Buy." The 12-month stock price forecast is $6.33, which is an increase of 133.58% from the latest price.

Price Target
$6.33
(133.58% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Soluna (SLNH) and Bit Digital (BTBT) Partnership Expands, Surpassing 12 MW in Hosting Capacity

ALBANY, N.Y.--(BUSINESS WIRE)---- $SLNH #SLNH--Soluna Holdings, Inc. (“SHI”, “Soluna”, or the “Company”), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications includi...

Other symbols: SLNH
2 days ago - Business Wire

Bit Digital, Inc. Secures New Multi-Year Colocation Agreement with a Leader in AI Hardware

NEW YORK , Feb. 10, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company") announced today that it has secured a colocation contract with a leading AI hardware innovato...

12 days ago - PRNewsWire

Bit Digital, Inc. Announces Monthly Production Update for January 2025

NEW YORK , Feb. 7, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset pro...

14 days ago - PRNewsWire

Bit Digital, Inc. Announces Strategic Rebranding of its HPC Business to WhiteFiber

NEW YORK , Feb. 6, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company") announced today that it has officially rebranded its HPC business as WhiteFiber, Inc. ("WhiteF...

16 days ago - PRNewsWire

Bit Digital Is A Buy On DeepSeek Weakness

Bit Digital (BTBT) is near key support at $2.90, presenting a potential buying opportunity despite recent tech stock declines. The company's transition from Bitcoin mining to scalable computing models...

24 days ago - Seeking Alpha

Bit Digital, Inc. Secures New B200 GPU Contract with Key Customer

NEW YORK , Jan. 24, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset pr...

4 weeks ago - PRNewsWire

Bit Digital, Inc. Announces Monthly Production Update for December 2024

NEW YORK , Jan. 8, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset pro...

6 weeks ago - PRNewsWire

Bit Digital, Inc. Completes Transition from Foreign Private Issuer Status to Domestic Filer Status

NEW YORK , Jan. 6, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset pro...

6 weeks ago - PRNewsWire

Bit Digital, Inc. Executes MSA for 576 H200 GPU Deal with DNA AI Compute Fund

NEW YORK , Dec. 31, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset pr...

7 weeks ago - PRNewsWire

Bit Digital, Inc. Acquires Another Metropolitan Site for Tier-3 Data Center Expansion

NEW YORK , Dec. 30, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset pr...

7 weeks ago - PRNewsWire

Bit Digital, Inc. Announces Monthly Production Update for November 2024

NEW YORK , Dec. 5, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset pro...

2 months ago - PRNewsWire

Bit Digital, Inc. (BTBT) Q3 2024 Earnings Call Transcript

Bit Digital, Inc. (NASDAQ:BTBT) Q3 2024 Earnings Conference Call November 18, 2024 10:00 AM ET Company Participants Cameron Schnier - Head of IR Sam Tabar - CEO Erke Huang - CFO Billy Krassakopoulos ...

3 months ago - Seeking Alpha

Bit Digital, Inc. Announces Third Quarter of Fiscal Year 2024 Financial Results

NEW YORK , Nov. 18, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset production headquar...

3 months ago - PRNewsWire

Bit Digital: AI Plus Rising Bitcoin Prices (Q3 Preview)

Bit Digital's pivot to AI and HPC infrastructure has significantly boosted revenues, offsetting Bitcoin mining declines due to the halving event. The company maintains strong financial health with $59...

3 months ago - Seeking Alpha

Bit Digital, Inc. Announces Date for Third Quarter 2024 Financial Results and Conference Call

NEW YORK , Nov. 11, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset pr...

3 months ago - PRNewsWire

Trump Trade boosts crypto stocks

CNBC's MacKenzie Sigalos joins CNBC's 'Halftime Report' to discuss Donald Trump's policy promises to the crypto sector and the jump in stocks pegged to digital asset prices.

Other symbols: COINHOODMARAMSTRRIOT
3 months ago - CNBC Television

Bit Digital, Inc. Announces Monthly Production Update for October 2024

NEW YORK , Nov. 6, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset pro...

3 months ago - PRNewsWire

Bit Digital, Inc. Executes MSA with Boosteroid, Third-Largest Cloud Gaming Provider, For Initial Deployment

NEW YORK , Nov. 4, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset pro...

3 months ago - PRNewsWire

Bit Digital, Inc. Vertically Integrates, Acquiring Tier 3 HPC Datacenter Company; 280+ MW Pipeline in Major Metropolitan Areas

NEW YORK , Oct. 14, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainable platform for digital assets and artificial intelligence ("AI") infrastructure ...

4 months ago - PRNewsWire

Bit Digital, Inc. Announces Monthly Production Update for September 2024

NEW YORK , Oct. 4, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainable platform for digital assets and artificial intelligence ("AI") infrastructure h...

5 months ago - PRNewsWire

Stellantis, MicroStrategy, Bit Digital And Other Big Stocks Moving Lower In Monday's Pre-Market Session

U.S. stock futures were slightly lower this morning, with the Nasdaq futures falling around 0.1% on Monday.

Other symbols: MSTRSTLA
5 months ago - Benzinga

Bit Digital, Inc. Announces Adjournment of Annual General Meeting Until October 2, 2024

NEW YORK , Sept. 25, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainable platform for digital assets and artificial intelligence ("AI") infrastructure...

5 months ago - PRNewsWire

Bit Digital, Inc. Announces Key Hires for Its HPC Business; Appoints Benjamin Lamson as Head of Revenue and Tom Sanfilippo as CTO

NEW YORK , Sept. 20, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainable platform for digital assets and artificial intelligence ("AI") infrastructure...

5 months ago - PRNewsWire

Bit Digital, Inc. Announces Monthly Production Update for August 2024

NEW YORK , Sept. 5, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainable platform for digital assets and artificial intelligence ("AI") infrastructure ...

6 months ago - PRNewsWire

Bit Digital, Inc. (BTBT) Q2 2024 Earnings Call Transcript

Bit Digital, Inc. (NASDAQ:BTBT) Q2 2024 Earnings Conference Call August 20, 2024 10:00 AM ET Company Participants Cameron Schnier - Head, Investor Relations Sam Tabar - Chief Executive Officer Erke H...

6 months ago - Seeking Alpha