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Upturn AI SWOT - About
Bit Digital Inc (BTBT)
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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
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Number of Analysts
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
| 4 | Strong Buy |
| 1 | Buy |
| 0 | Hold |
| 0 | Under performing |
| 0 | Sell |
Analysis of Past Performance
Type Stock | Historic Profit 77.68% | Avg. Invested days 43 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  4.0 |
| 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 - |
Upturn AI SWOT
Bit Digital Inc
Company Overview
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.
Core Business Areas
- Bitcoin Mining: Bit Digital operates Bitcoin mining facilities. They secure the Bitcoin network and receive block rewards for their efforts.
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
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
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
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.
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 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.
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