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BTBT logo BTBT
Upturn stock rating
BTBT logo

Bit Digital Inc (BTBT)

Upturn stock rating
$3.54
Last Close (24-hour delay)
Profit since last BUY1.72%
upturn advisory
WEAK BUY
BUY since 21 days
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  • SELL Advisory (Loss)
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Upturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • 1Y
  • 1M
  • 1W

Upturn Advisory Summary

10/30/2025: BTBT (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Number of Analysts

rating

5 Analysts rated it

Limited analyst coverage, niche firm, research info may be scarce.

1 Year Target Price $5.9

1 Year Target Price $5.9

Analysts Price Target For last 52 week
$5.9 Target price
52w Low $1.69
Current$3.54
52w High $5.74

Analysis of Past Performance

Type Stock
Historic Profit 26.92%
Avg. Invested days 32
Today’s Advisory WEAK BUY
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulation Last Close 10/30/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.14B USD
Price to earnings Ratio -
1Y Target Price 5.9
Price to earnings Ratio -
1Y Target Price 5.9
Volume (30-day avg) 5
Beta 4.78
52 Weeks Range 1.69 - 5.74
Updated Date 10/31/2025
52 Weeks Range 1.69 - 5.74
Updated Date 10/31/2025
Dividends yield (FY) -
Basic EPS (TTM) -0.34

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -53.52%
Operating Margin (TTM) 45.03%

Management Effectiveness

Return on Assets (TTM) -5.98%
Return on Equity (TTM) -11.34%

Valuation

Trailing PE -
Forward PE 7.76
Enterprise Value 987789319
Price to Sales(TTM) 11.56
Enterprise Value 987789319
Price to Sales(TTM) 11.56
Enterprise Value to Revenue 6.37
Enterprise Value to EBITDA 24.65
Shares Outstanding 321432722
Shares Floating 314985924
Shares Outstanding 321432722
Shares Floating 314985924
Percent Insiders 2.06
Percent Institutions 41.07

ai summary icon Upturn AI SWOT

Bit Digital Inc

stock logo

Company Overview

overview logo History and Background

Bit Digital, Inc. (BTBT) was founded in 2017. Initially focused on peer-to-peer lending in China, it transitioned to Bitcoin mining in 2020 due to regulatory changes. It aims to be a leading Bitcoin miner.

business area logo Core Business Areas

  • Bitcoin Mining: The company's primary business is Bitcoin mining, using specialized hardware to solve complex algorithms and earn Bitcoin rewards.

leadership logo Leadership and Structure

The leadership team consists of Bryan Bullett, CEO, and Erke Huang, CFO. The company operates under a board of directors.

Top Products and Market Share

overview logo Key Offerings

  • Bitcoin Holdings: Bit Digital also holds onto a portion of its mined Bitcoin as a strategic asset.
  • Bitcoin Production: Bit Digital generates revenue primarily through the production and sale of Bitcoin. Market share data fluctuates based on hash rate and overall network difficulty, and it competes with other large-scale mining operations. Competitors include Marathon Digital Holdings (MARA), Riot Platforms (RIOT), CleanSpark (CLSK).

Market Dynamics

industry overview logo Industry Overview

The Bitcoin mining industry is characterized by intense competition, technological advancements in mining hardware, and fluctuations in Bitcoin prices and network difficulty. Regulatory developments significantly influence the landscape.

Positioning

Bit Digital is a medium-sized player in the Bitcoin mining space, aiming to increase its hash rate and efficiency to improve its competitive position.

Total Addressable Market (TAM)

The total addressable market is defined by the overall Bitcoin network hashrate and the potential earnings available to miners. While the exact TAM is difficult to quantify, it's a multi-billion dollar market. Bit Digital's TAM is tied to its competitive standing and ability to gain market share.

Upturn SWOT Analysis

Strengths

  • Experienced Management Team
  • Significant Bitcoin holdings
  • Globally distributed mining operations

Weaknesses

  • High Operational Costs
  • Dependence on Bitcoin price fluctuations
  • Concentration on a single revenue stream (Bitcoin Mining)

Opportunities

  • Expansion of mining operations
  • Diversification into related blockchain technologies
  • Strategic partnerships with energy providers

Threats

  • Increasing mining difficulty
  • Regulatory changes impacting mining operations
  • Competition from larger, more efficient miners
  • Bitcoin price volatility

Competitors and Market Share

competitor logo Key Competitors

  • MARA
  • RIOT
  • CLSK
  • HUT
  • WULF

Competitive Landscape

Bit Digital's advantages include its globally distributed operations, but disadvantages include its smaller scale and higher operating costs compared to some larger competitors.

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been tied to the expansion of mining operations and fluctuations in Bitcoin prices. Significant expansion occured in 2023.

Future Projections: Future projections depend on the company's ability to increase its hash rate, reduce operating costs, and benefit from potential increases in Bitcoin prices. Analyst estimates vary widely.

Recent Initiatives: Recent initiatives include expanding mining capacity and exploring opportunities for renewable energy sources.

Summary

Bit Digital's performance is closely tied to Bitcoin's price. The company is actively expanding its mining capacity, but faces risks from competition, regulation, and Bitcoin price volatility. They need to improve mining efficiency and lower operating costs. Their financial stability depends on the Bitcoin price and the expansion of mining capacity.

Similar Stocks

Sources and Disclaimers

Data Sources:

  • Company SEC Filings
  • Industry Reports
  • Financial News Outlets

Disclaimers:

The information provided is for informational purposes only and should not be considered financial advice. Market share data is approximate and subject to change. Investing in Bitcoin mining companies carries significant risks.

Upturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Bit Digital Inc

Exchange NASDAQ
Headquaters New York, NY, United States
IPO Launch date 2018-03-20
CEO -
Sector Financial Services
Industry Capital Markets
Full time employees 54
Full time employees 54

Bit Digital, Inc., together with its subsidiaries, engages in the institutional grade ethereum treasury and staking business. It also designs and operates data centers and cloud solutions for AI training and inference workloads supported by renewable energy in Canada and Iceland. The company was formerly known as Golden Bull Limited and changed its name to Bit Digital, Inc. in September 2020. Bit Digital, Inc. was founded in 2015 and is headquartered in New York, New York.