Northland Securities Comments on Bit Digital Q4 Earnings

Bit Digital, Inc. (NASDAQ:BTBT) – Equities researchers at Northland Securities issued their Q4 2026 EPS estimates for Bit Digital in a research note issued to investors on Friday, May 15th. Northland Securities analyst M. Grondahl anticipates that the company will post earnings of ($0.01) per share for the quarter. The consensus estimate for Bit Digital’s current full-year earnings is ($0.12) per share.

Bit Digital (NASDAQ:BTBT) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.41). Bit Digital had a negative net margin of 70.70% and a negative return on equity of 5.39%. The business had revenue of $27.92 million during the quarter, compared to analyst estimates of $25.73 million.

BTBT has been the subject of several other research reports. HC Wainwright reaffirmed a “buy” rating and set a $7.00 price objective on shares of Bit Digital in a report on Thursday, April 2nd. Wall Street Zen cut Bit Digital from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. B. Riley Financial restated a “buy” rating on shares of Bit Digital in a research report on Monday. Zacks Research downgraded Bit Digital from a “hold” rating to a “strong sell” rating in a research note on Monday, April 6th. Finally, 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. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Bit Digital currently has a consensus rating of “Hold” and an average target price of $5.67.

Bit Digital Stock Down 5.8%

Shares of NASDAQ BTBT opened at $1.70 on Tuesday. Bit Digital has a 52-week low of $1.25 and a 52-week high of $4.55. The stock has a market cap of $555.19 million, a PE ratio of -3.09 and a beta of 3.95. The business has a fifty day moving average of $1.59 and a two-hundred day moving average of $1.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 6.39 and a current ratio of 6.39.

Institutional Investors Weigh In On Bit Digital

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Walleye Trading LLC bought a new position in shares of Bit Digital in the second quarter valued at $25,000. Cerity Partners LLC bought a new stake in Bit Digital during the fourth quarter worth $26,000. nVerses Capital LLC bought a new stake in Bit Digital during the fourth quarter worth $26,000. Marathon Capital Management acquired a new stake in Bit Digital in the fourth quarter valued at $28,000. Finally, E6 Portfolios LLC acquired a new stake in Bit Digital in the fourth quarter valued at $28,000. Institutional investors own 47.70% of the company’s stock.

Bit Digital Company Profile

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.