BTBT Stock Analysis: Bit Digital | NASDAQ
Capital Markets | NASDAQ, USA | Market Cap: 615m USD | 12M Return: -52.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 50.2M
Qual. Beats: -1
Rev. Trend: 84.2%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 8.3 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Bit Digital, Inc. (NASDAQ: BTBT) is a U.S.-headquartered technology company that operates an institutional-grade Ethereum treasury and staking business, designs and runs data centers offering hosting and colocation services, and provides cloud solutions tailored to AI training and inference workloads. The company also retains a digital asset mining operation, making it a hybrid player spanning blockchain infrastructure, cryptocurrency exposure, and AI compute services.
The firm was founded in 2015 and is based in New York, originally operating under the name Golden Bull Limited before adopting its current branding in September 2020. Listed on NASDAQ since March 2018, Bit Digital sits within the Information Technology sector and is classified in the Application Software sub-industry. Its business model reflects broader industry trends in which data center operators are diversifying revenue by serving both crypto-native clients (staking, mining) and AI-driven demand for high-density compute capacity.
- Ethereum treasury and staking yields drive recurring revenue growth
- AI cloud services expansion accelerates revenue mix shift from mining
- Bitcoin mining margin pressured by rising network difficulty and energy costs
| Net Income: -169.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.14 > 0.02 and ΔFCF/TA 12.99 > 1.0 |
| NWC/Revenue: 363k% < 20% (prev 88.14%; Δ 363k% < -1%) |
| CFO/TA -0.00 > 3% & CFO -1.40b > Net Income -169.3m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 6.36 > 1.5 & < 3 |
| Outstanding Shares: last quarter (325.6m) vs 12m ago 79.50% < -2% |
| Gross Margin: 46.72% > 18% (prev 62.79%; Δ -16.07% > 0.5%) |
| Asset Turnover: 0.02% > 50% (prev 32.68%; Δ -32.66% > 0%) |
| Interest Coverage Ratio: -19.30 > 6 (EBIT TTM -59.7m / Interest Expense TTM 3.09m) |
| A: 0.36 (Total Current Assets 500b - Total Current Liabilities 78.5b) / Total Assets 1181b |
| B: -0.28 (Retained Earnings -326b / Total Assets 1181b) |
| C: -0.00 (EBIT TTM -59.7m / Avg Total Assets 591b) |
| D: 0.82 (Book Value of Equity 469b / Total Liabilities 572b) |
| Altman-Z'' = 2.30 = BBB |
| DSRI: 3.0 (Receivables 91.7b/15.4m, Revenue 115.9m/158.6m) |
| GMI: 1.34 (GM 62.79% / 46.72%) |
| AQI: 3.00 (AQ_t 0.49 / AQ_t-1 0.16) |
| SGI: 0.73 (Revenue 115.9m / 158.6m) |
| TATA: 0.00 (NI -169.3m - CFO -1.40b) / TA 1181b) |
| Beneish M = -0.07 (Cap -4..+1) = D |
As of July 08, 2026, the stock is trading at USD 1.65 with a total of 22,834,489 shares traded. Over the past week, the price has changed by -9.84%, over one month by -7.30%, over three months by +25.95% and over the past year by -52.59%.
Current recommended Stop Loss: 1.40 (which is 15.2% or 1.3 ATR below the current price).
Bit Digital has received a consensus analysts rating of 4.80. Therefore, it is recommended to buy BTBT.
- StrongBuy: 4
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 4.6 | 178.8% |
P/E Forward = 23.8663
P/S = 5.3573
P/B = 1.2672
Revenue TTM = 115.9m USD
EBIT TTM = -59.7m USD
EBITDA TTM = -17.7m USD
Long Term Debt = 334.2m USD (from longTermDebt, last quarter)
Short Term Debt = 18.4b USD (from shortTermDebt, last quarter)
Debt = 364b USD (from shortLongTermDebtTotal, last quarter) + Leases 29.7m
Net Debt = 284b USD (calculated: Debt 364b - CCE 79.7b)
Enterprise Value = 285b USD (614.9m + Debt 364b - CCE 79.7b)
Interest Coverage Ratio = -19.30 (Ebit TTM -59.7m / Interest Expense TTM 3.09m)
EV/FCF = -1.67x (Enterprise Value 285b / FCF TTM -171b)
FCF Yield = -59.97% (FCF TTM -171b / Enterprise Value 285b)
FCF Margin = -147k% (FCF TTM -171b / Revenue TTM 115.9m)
Net Margin = -146.0% (Net Income TTM -169.3m / Revenue TTM 115.9m)
Gross Margin = 46.72% ((Revenue TTM 115.9m - Cost of Revenue TTM 61.8m) / Revenue TTM)
Gross Margin QoQ = 20.71% (prev 55.74%)
Tobins Q-Ratio = 0.24 (Enterprise Value 285b / Total Assets 1181b)
Interest Expense / Debt = 0.00% (Interest Expense 3.09m / Debt 364b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -47.2m (EBIT -59.7m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 6.36 (Total Current Assets 500b / Total Current Liabilities 78.5b)
Debt / Equity = 0.78 (Debt 364b / totalStockholderEquity, last quarter 469b)
Debt / EBITDA = -16.1k (out of range, set to none) (Net Debt 284b / EBITDA -17.7m)
Debt / FCF = -1.66 (negative FCF - burning cash) (Net Debt 284b / FCF TTM -171b)
Total Stockholder Equity = 118b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.03% (Net Income -169.3m / Total Assets 1181b)
RoE = -0.14% (Net Income TTM -169.3m / Total Stockholder Equity 118b)
RoCE = -0.05% (EBIT -59.7m / Capital Employed (Equity 118b + L.T.Debt 334.2m))
RoIC = -0.00% (negative operating profit) (NOPAT -47.2m / Invested Capital 1121b)
WACC = 0.03% (E(614.9m)/V(365b) * Re(18.36%) + D(364b)/V(365b) * Rd(0.00%) * (1-Tc(0.21)))
Discount Rate = 18.36% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 95.56 | Cagr: 63.91%
[DCF] Fair Price = unknown (Cash Flow -171b)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -2.55 | # QB: -1
Revenue Correlation: 84.23 | Revenue CAGR: 72.76% | SUE: 0.15 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.05 | Chg30d=N/A | Revisions=-25% | Analysts=1
EPS next Quarter (2026-09-30): EPS=-0.02 | Chg30d=N/A | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=0.00 | Chg30d=N/A | Revisions=-25% | GrowthEPS=+100.0% | GrowthRev=+25.8%
EPS next Year (2027-12-31): EPS=0.03 | Chg30d=N/A | Revisions=-25% | GrowthEPS=+117.9% | GrowthRev=+105.0%
[Analyst] Revisions Ratio: -57% (up=0, down=4)