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BTBT
Upturn stock ratingUpturn stock rating

Bit Digital Inc (BTBT)

Upturn stock ratingUpturn stock rating
$1.85
Last Close (24-hour delay)
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PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
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  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
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Upturn Advisory Summary

04/22/2025: BTBT (3-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

ratingratingratingratingrating

Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Number of Analysts

rating

5 Analysts rated it

These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.

Year Target Price $5.9

Year Target Price $5.9

Analyst’s Price TargetsFor last 52 week
$5.9Target price
Low$1.69
Current$1.85
high$5.74

Analysis of Past Performance

Type Stock
Historic Profit 77.68%
Avg. Invested days 43
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
Stock Returns Performance Upturn Returns Performance 4.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 04/22/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 569.90M USD
Price to earnings Ratio -
1Y Target Price 5.9
Price to earnings Ratio -
1Y Target Price 5.9
Volume (30-day avg) -
Beta 5.37
52 Weeks Range 1.69 - 5.74
Updated Date 06/29/2025
52 Weeks Range 1.69 - 5.74
Updated Date 06/29/2025
Dividends yield (FY) -
Basic EPS (TTM) -0.56

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -77.9%
Operating Margin (TTM) -212.08%

Management Effectiveness

Return on Assets (TTM) -11.7%
Return on Equity (TTM) -23.29%

Valuation

Trailing PE -
Forward PE 7.76
Enterprise Value 531738155
Price to Sales(TTM) 5.59
Enterprise Value 531738155
Price to Sales(TTM) 5.59
Enterprise Value to Revenue 3.36
Enterprise Value to EBITDA 9.55
Shares Outstanding 283531008
Shares Floating 206392521
Shares Outstanding 283531008
Shares Floating 206392521
Percent Insiders 1.42
Percent Institutions 25.97

Analyst Ratings

Rating 4.8
Target Price 5.9
Buy 1
Strong Buy 4
Buy 1
Strong Buy 4
Hold -
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Bit Digital Inc

stock logo

Company Overview

overview logo History and Background

Bit Digital, Inc. was founded in 2017 and initially focused on peer-to-peer lending in China. Following regulatory changes in China regarding online lending, the company pivoted to Bitcoin mining in 2020. Since then, it has expanded its mining operations globally, focusing on North America.

business area logo Core Business Areas

  • Bitcoin Mining: Bit Digital operates Bitcoin mining facilities. They secure the Bitcoin network and receive block rewards for their efforts.

leadership logo Leadership and Structure

The company is led by CEO Bryan Bullett. The organizational structure involves management teams overseeing mining operations, finance, and technology.

Top Products and Market Share

overview logo Key Offerings

  • Bitcoin Mining: Bit Digital's primary offering is Bitcoin mining. The company participates in the Bitcoin network by deploying computing power to solve complex cryptographic problems, thereby securing the network and earning Bitcoin rewards. Market share is fluctuating and depends on the company's hash rate in relation to the total hash rate of the bitcoin network. Competitors include Marathon Digital Holdings, Riot Platforms, and CleanSpark.

Market Dynamics

industry overview logo Industry Overview

The Bitcoin mining industry is highly competitive and dynamic, influenced by Bitcoin price fluctuations, regulatory changes, and technological advancements in mining hardware. Difficulty in bitcoin mining is a key factor as well.

Positioning

Bit Digital positions itself as a significant Bitcoin mining company with global operations. Competitive advantages may include access to low-cost electricity, efficient mining hardware, and strategic partnerships.

Total Addressable Market (TAM)

The TAM is essentially the entire Bitcoin network's potential mining rewards. This fluctuates based on bitcoin price and network difficulty. Bit Digital is positioned to capture a portion of these rewards based on its mining capacity.

Upturn SWOT Analysis

Strengths

  • Global Mining Operations
  • Significant Mining Fleet
  • Experienced Management Team
  • Focus on Renewable Energy Sources

Weaknesses

  • High Dependence on Bitcoin Price
  • Regulatory Risks in Various Jurisdictions
  • Capital Intensive Operations
  • Vulnerable to Hacking and Security Threats

Opportunities

  • Expansion of Mining Capacity
  • Diversification into Other Cryptocurrency Mining
  • Development of Proprietary Mining Technology
  • Strategic Acquisitions

Threats

  • Bitcoin Price Volatility
  • Increased Mining Difficulty
  • Regulatory Restrictions on Cryptocurrency Mining
  • Competition from Larger Mining Companies

Competitors and Market Share

competitor logo Key Competitors

  • MARA
  • RIOT
  • CLSK

Competitive Landscape

Bit Digital faces competition from larger, well-established Bitcoin mining companies. Advantages and disadvantages depend on factors like access to capital, electricity costs, and mining efficiency.

Growth Trajectory and Initiatives

Historical Growth: Bit Digital's growth has been driven by its expansion of Bitcoin mining operations, mainly in North America. Specific figures would be dependent on quarterly earnings statements.

Future Projections: Future growth projections are tied to the company's ability to expand its mining capacity, maintain operational efficiency, and navigate regulatory challenges. Analyst projections vary depending on bitcoin prices.

Recent Initiatives: Recent initiatives would include increasing hash rate through purchases of more mining equipment and expanding geographic operations.

Summary

Bit Digital is a Bitcoin mining company that transitioned from a peer-to-peer lending business. Its success heavily relies on Bitcoin's price and its ability to maintain efficient mining operations. Regulatory scrutiny and competition from larger players pose ongoing challenges. The company needs to continue innovating and securing low-cost energy sources to remain competitive and profitable. This ensures long-term viability.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Filings
  • Investor Presentations
  • Industry Reports
  • Analyst Estimates

Disclaimers:

This analysis is for informational purposes only and does not constitute investment advice. Investment decisions should be based on individual research and consultation with a financial advisor. Market share data and financial metrics are approximations and subject to change.

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

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

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

Upturn AI SummarizationUpturn 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 bitcoin mining business. The company designs, develops, and operates high-performance computing (HPC) data centers that offers hosting and colocation services; and cloud-based HPC graphics processing units for artificial intelligence and machine learning developers. It is also involved in the treasury management activities; fund and investment management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. 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.