Brokers Set Expectations for Bit Digital Q1 Earnings

Bit Digital, Inc. (NASDAQ:BTBT) – Equities researchers at Northland Securities issued their Q1 2026 EPS estimates for shares of Bit Digital in a research report issued on Monday, April 6th. Northland Securities analyst M. Grondahl expects that the company will post earnings of ($0.04) per share for the quarter. The consensus estimate for Bit Digital’s current full-year earnings is ($0.20) per share. Northland Securities also issued estimates for Bit Digital’s Q2 2026 earnings at ($0.04) EPS, Q4 2026 earnings at $0.00 EPS and FY2026 earnings at ($0.09) EPS.

Bit Digital (NASDAQ:BTBT) last announced its quarterly earnings results on Friday, March 27th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Bit Digital had a negative net margin of 70.70% and a negative return on equity of 5.39%. The firm had revenue of $32.34 million during the quarter, compared to analyst estimates of $31.87 million.

BTBT has been the subject of several other research reports. Zacks Research raised shares of Bit Digital from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 17th. Weiss Ratings lowered shares of Bit Digital from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, March 30th. HC Wainwright reaffirmed a “buy” rating and issued a $7.00 target price on shares of Bit Digital in a research note on Thursday, April 2nd. B. Riley Financial reduced their target price on shares of Bit Digital from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Finally, Wall Street Zen lowered shares of Bit Digital from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.67.

Bit Digital Price Performance

Shares of BTBT stock opened at $1.36 on Tuesday. Bit Digital has a 12-month low of $1.25 and a 12-month high of $4.55. The firm has a market capitalization of $444.15 million, a price-to-earnings ratio of -2.47 and a beta of 4.02. The company has a quick ratio of 17.53, a current ratio of 6.39 and a debt-to-equity ratio of 0.13. The firm has a fifty day moving average of $1.68 and a 200-day moving average of $2.38.

Hedge Funds Weigh In On Bit Digital

A number of large investors have recently modified their holdings of BTBT. Walleye Trading LLC acquired a new position in shares of Bit Digital during the 2nd quarter worth about $25,000. Cerity Partners LLC acquired a new position in shares of Bit Digital during the 4th quarter worth about $26,000. nVerses Capital LLC acquired a new position in shares of Bit Digital during the 4th quarter worth about $26,000. Marathon Capital Management acquired a new position in shares of Bit Digital during the 4th quarter worth about $28,000. Finally, E6 Portfolios LLC acquired a new position in shares of Bit Digital during the 4th quarter worth about $28,000. 47.70% of the stock is currently owned by institutional investors and hedge funds.

About Bit Digital

Bit Digital, Inc (NASDAQ: BTBT) is a publicly traded digital asset mining company that specializes in the proof-of-work mining of Bitcoin. Incorporated in Nevada and headquartered in New York City, Bit Digital develops, owns and manages a fleet of high-efficiency ASIC miners, with the primary aim of generating newly minted Bitcoin through computational work. The company’s revenue is derived solely from its mining operations and any resulting cryptocurrency holdings.

To support its mining activities, Bit Digital maintains multiple data center facilities across North America.