Bit Digital Q3 EPS Forecast Cut by Northland Securities

Bit Digital, Inc. (NASDAQ:BTBT) – Research analysts at Northland Securities dropped their Q3 2026 earnings per share estimates for shares of Bit Digital in a report issued on Thursday, August 13th. Northland Securities analyst M. Grondahl now forecasts that the company will earn ($0.05) per share for the quarter, down from their previous estimate of ($0.02). The consensus estimate for Bit Digital’s current full-year earnings is ($0.56) per share. Northland Securities also issued estimates for Bit Digital’s Q4 2026 earnings at ($0.02) EPS.

Several other equities research analysts also recently weighed in on the company. Zacks Research raised Bit Digital from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. B. Riley Financial restated a “buy” rating on shares of Bit Digital in a report on Monday, May 18th. Craig Hallum reaffirmed a “buy” rating and issued a $3.50 price objective on shares of Bit Digital in a research report on Tuesday, July 14th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Bit Digital in a research note on Thursday, August 13th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $5.12.

Bit Digital Trading Down 9.4%

Bit Digital stock opened at $1.45 on Monday. The stock has a 50-day moving average of $1.64 and a two-hundred day moving average of $1.67. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.51 and a current ratio of 1.51. Bit Digital has a one year low of $1.18 and a one year high of $4.55. The stock has a market cap of $522.91 million, a PE ratio of -1.37 and a beta of 4.02.

Bit Digital (NASDAQ:BTBT) last announced its earnings results on Thursday, August 13th. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.26). Bit Digital had a negative return on equity of 10.66% and a negative net margin of 237.19%.The business had revenue of $32.11 million for the quarter, compared to analysts’ expectations of $23.58 million.

Hedge Funds Weigh In On Bit Digital

A number of institutional investors have recently bought and sold shares of the business. Walleye Trading LLC purchased a new stake in shares of Bit Digital in the 2nd quarter valued at $25,000. Cerity Partners LLC purchased a new position in shares of Bit Digital during the fourth quarter worth $26,000. nVerses Capital LLC acquired a new position in Bit Digital during the fourth quarter valued at $26,000. Marathon Capital Management acquired a new position in Bit Digital during the fourth quarter valued at $28,000. Finally, E6 Portfolios LLC acquired a new position in Bit Digital during the fourth quarter valued at $28,000. 47.70% of the stock is owned by hedge funds and other institutional investors.

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.