Bit Digital (NASDAQ:BTBT) Posts Quarterly Earnings Results, Beats Estimates By $0.13 EPS

Bit Digital (NASDAQ:BTBT) announced its quarterly earnings data on Thursday. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.13, FiscalAI reports. Bit Digital had a negative return on equity of 10.66% and a negative net margin of 237.19%. The firm had revenue of $27.07 million during the quarter, compared to analyst estimates of $32.21 million.

Here are the key takeaways from Bit Digital’s conference call:

• Colocation is expanding: WhiteFiber’s NC1 facility had all 40 MW of contracted capacity operational and billing by the call, supporting a 10-year, $865 million contract. Colocation revenue rose to $5.4 million from $4.7 million in the prior quarter, and cloud, colocation and staking together accounted for about 91% of revenue.
• Revenue declined sequentially: Third-quarter revenue fell to $27.1 million from $32.1 million, as cloud services revenue dropped to $18.1 million from $23.8 million. Cloud revenue included a $3.4 million termination fee, while the former customer generated no recurring revenue.
• Reported earnings included substantial valuation effects: Net income attributable to Bit Digital shareholders was $28.5 million, but the quarter also included $84 million in digital-asset gains and an $80.8 million induced-conversion expense at WhiteFiber. Management said nine-month operating cash flow of $163 million was materially supported by customer advances for services not yet delivered.
• ETH-backed financing carries collateral and liquidity risks: Bit Digital had $100 million outstanding under its bridge facility to WhiteFiber, funded by borrowing against liquid-staking ETH; management said repayment is targeted for the second quarter of 2027. Executives acknowledged ETH volatility, variable staking rewards and obligations tied to collateralized assets.
• Share repurchases remain uncertain: Management cited a roughly 39% discount to NAV but said a buyback requires shareholder approval and that funding and liquidity trade-offs are still being evaluated. Potential value-unlocking steps—including selling some WhiteFiber shares or developing a new business—remain conditional or early-stage.

Bit Digital Stock Down 3.0%

NASDAQ:BTBT traded down $0.02 during trading hours on Thursday, reaching $0.77. 13,090,738 shares of the stock were exchanged, compared to its average volume of 25,784,781. Bit Digital has a twelve month low of $0.69 and a twelve month high of $2.79. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a 50 day moving average of $1.28 and a 200 day moving average of $1.57. The stock has a market cap of $278.05 million, a PE ratio of -0.73 and a beta of 3.54.

Analysts Set New Price Targets

BTBT has been the topic of a number of recent analyst reports. Zacks Research raised shares of Bit Digital from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. HC Wainwright lowered their price objective on shares of Bit Digital from $4.00 to $3.50 and set a “buy” rating for the company in a research report on Thursday. JonesTrading upgraded shares of Bit Digital to a “strong-buy” rating in a research report on Saturday, September 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bit Digital in a research note on Wednesday. Finally, UBS Group upgraded Bit Digital to a “buy” rating in a report on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Bit Digital presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.25.

Bit Digital Company Profile

Bit Digital, Inc. is a digital-asset and infrastructure company whose activities include Bitcoin mining, Ethereum staking and computing services for artificial intelligence workloads. Its operations have expanded beyond cryptocurrency mining as it develops data-center capacity and related infrastructure for high-performance computing. The company has conducted Bitcoin mining operations in North America and participates in Ethereum staking, which involves supporting the network and earning rewards for validating transactions.