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Bit Digital Inc (BTBT)

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Upturn Advisory Summary
12/05/2025: BTBT (2-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $5.38
1 Year Target Price $5.38
| 4 | Strong Buy |
| 1 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 14.01% | Avg. Invested days 32 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 718.56M USD | Price to earnings Ratio 3.36 | 1Y Target Price 5.38 |
Price to earnings Ratio 3.36 | 1Y Target Price 5.38 | ||
Volume (30-day avg) 5 | Beta 4.3 | 52 Weeks Range 1.69 - 4.97 | Updated Date 12/6/2025 |
52 Weeks Range 1.69 - 4.97 | Updated Date 12/6/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.66 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 129.63% | Operating Margin (TTM) 471.01% |
Management Effectiveness
Return on Assets (TTM) 10.63% | Return on Equity (TTM) 19.53% |
Valuation
Trailing PE 3.36 | Forward PE 33.33 | Enterprise Value 620856748 | Price to Sales(TTM) 6.8 |
Enterprise Value 620856748 | Price to Sales(TTM) 6.8 | ||
Enterprise Value to Revenue 3.82 | Enterprise Value to EBITDA 19.63 | Shares Outstanding 323674831 | Shares Floating 318727262 |
Shares Outstanding 323674831 | Shares Floating 318727262 | ||
Percent Insiders 2.04 | Percent Institutions 50.39 |
Upturn AI SWOT
Bit Digital Inc

Company Overview
History and Background
Bit Digital, Inc., formerly Golden Bull Limited, was founded in 2017. It initially focused on peer-to-peer lending in China. Following regulatory changes in China, it transitioned to Bitcoin mining in 2020, acquiring a large fleet of mining machines. The company has since focused on expanding its mining operations across North America.
Core Business Areas
- Bitcoin Mining: Engages in Bitcoin mining activities, securing the Bitcoin network and earning newly minted Bitcoins as rewards.
Leadership and Structure
Sam Tabar serves as the Chief Strategy Officer. The company's structure is centered around Bitcoin mining operations, with teams focused on procurement, deployment, and management of mining equipment.
Top Products and Market Share
Key Offerings
- Bitcoin Mining: Bit Digital generates revenue primarily through Bitcoin mining. Market share data is difficult to pinpoint exactly because of the constantly shifting Hashrate numbers across the world, and many private mining operations, but Bit Digital holds a small, but stable market share. Competitors include Marathon Digital Holdings (MARA) and Riot Platforms (RIOT).
Market Dynamics
Industry Overview
The Bitcoin mining industry is characterized by high competition, fluctuating Bitcoin prices, and increasing difficulty adjustments. The industry is capital-intensive and requires access to low-cost electricity.
Positioning
Bit Digital positions itself as a sustainable and geographically diversified Bitcoin mining company, focused on North America. A volatile asset and limited diversification leaves them in a tenuous position.
Total Addressable Market (TAM)
The TAM for Bitcoin mining is directly tied to the price and adoption of Bitcoin, which is estimated to be in the hundreds of billions of USD. Bit Digital captures a small percentage of this TAM.
Upturn SWOT Analysis
Strengths
- Geographic diversification in North America
- Experienced management team in cryptocurrency and finance
- Focus on sustainable mining practices
Weaknesses
- High dependence on Bitcoin price volatility
- High energy costs
- Limited diversification of revenue streams
Opportunities
- Expansion of mining operations in North America
- Adoption of renewable energy sources
- Potential partnerships with energy providers
Threats
- Bitcoin price volatility
- Increasing mining difficulty
- Regulatory risks
- Competition from larger mining companies
Competitors and Market Share
Key Competitors
- MARA
- RIOT
- CLSK
Competitive Landscape
Bit Digital faces intense competition in the Bitcoin mining industry. Larger companies with access to more capital and lower energy costs have a competitive advantage. Bit Digital's focus on sustainability may offer a differentiator.
Growth Trajectory and Initiatives
Historical Growth: Historical growth is tied to Bitcoin price appreciation and mining capacity expansion.
Future Projections: Future growth depends on Bitcoin adoption, mining difficulty, and the company's ability to secure low-cost energy.
Recent Initiatives: Recent initiatives include expanding mining facilities and focusing on sustainable energy sources.
Summary
Bit Digital is a Bitcoin mining company with a focus on North America. Its success heavily depends on Bitcoin's price stability and its ability to secure low-cost, sustainable energy sources. The company faces stiff competition in a volatile market. Diversification and efficient cost management are crucial for Bit Digital's long-term success. Regulatory risks and technological advancements also pose potential challenges for the company.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company filings
- Financial news outlets
- Industry reports
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. The cryptocurrency market is highly volatile and speculative. Please perform your own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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 | Website https://www.bit-digital.com |
Full time employees 54 | Website https://www.bit-digital.com | ||
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.

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