Q3 Earnings Estimate for Bit Digital Issued By HC Wainwright

Bit Digital, Inc. (NASDAQ:BTBT) – Equities researchers at HC Wainwright issued their Q3 2026 earnings estimates for Bit Digital in a note issued to investors on Tuesday, September 8th. HC Wainwright analyst M. Colonnese anticipates that the company will post earnings of ($0.05) per share for the quarter. HC Wainwright currently has a “Buy” rating and a $4.00 target price on the stock. The consensus estimate for Bit Digital’s current full-year earnings is ($0.56) per share. HC Wainwright also issued estimates for Bit Digital’s Q4 2026 earnings at ($0.05) EPS, Q1 2027 earnings at ($0.04) EPS, Q2 2027 earnings at ($0.04) EPS, Q3 2027 earnings at ($0.04) EPS, Q4 2027 earnings at ($0.04) EPS and FY2027 earnings at ($0.16) EPS.

Bit Digital (NASDAQ:BTBT) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.31) EPS 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 during the quarter, compared to the consensus estimate of $23.58 million.

A number of other analysts have also recently issued reports on the company. Zacks Research raised Bit Digital from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bit Digital in a research report on Thursday, August 13th. B. Riley Financial reissued a “buy” rating on shares of Bit Digital in a report on Monday, May 18th. Finally, Craig Hallum restated a “buy” rating and issued a $3.50 price objective on shares of Bit Digital in a research report on Tuesday, July 14th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $4.38.

Bit Digital Price Performance

Bit Digital stock opened at $1.66 on Thursday. The firm has a market capitalization of $598.65 million, a P/E ratio of -1.57 and a beta of 3.97. Bit Digital has a one year low of $1.18 and a one year high of $4.55. 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 business has a fifty day moving average price of $1.51 and a 200-day moving average price of $1.65.

Hedge Funds Weigh In On Bit Digital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Bit Digital by 549.2% during the 3rd quarter. Vanguard Group Inc. now owns 7,330,673 shares of the company’s stock valued at $21,992,000 after acquiring an additional 6,201,477 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Bit Digital in the first quarter valued at approximately $8,004,000. Balyasny Asset Management L.P. bought a new stake in Bit Digital during the second quarter valued at approximately $10,385,000. Renaissance Technologies LLC increased its holdings in shares of Bit Digital by 114.8% in the 1st quarter. Renaissance Technologies LLC now owns 7,359,377 shares of the company’s stock worth $9,641,000 after buying an additional 3,932,900 shares during the last quarter. Finally, State Street Corp raised its position in shares of Bit Digital by 40.3% during the 4th quarter. State Street Corp now owns 11,518,002 shares of the company’s stock valued at $21,769,000 after buying an additional 3,307,076 shares in the last quarter. 47.70% of the stock is currently owned by hedge funds and other institutional investors.

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.