Bit Digital, Inc. (BTBT) Stock Price & Analysis
Bit Digital, Inc. (BTBT) closed at USD 0.84 on Friday, October 23, 2026, down 6.85% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 0.91; the Oct 23, 2026 session ranged USD 0.84–0.94 on volume of 20,632,958 shares. Market capitalization is $304.66M, with a 52-week range of USD 0.84–4.08 (NCM). Source: Nexqual, retrieved October 24, 2026 at 03:02 UTC.
Also available as compact Markdown for AI agents: nexqual.com/BTBT.md
Key facts (BTBT)
- Last four reported quarters (through Jun 30, 2026): revenue $123M, net income -$291M (-237.2% margin) (SEC filings).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (5 analysts), mean target USD 3.63 (range 3.5–4).
- Total return with dividends: 1Y -78.4% vs S&P 500 +13.4%; 5Y -94.1% vs S&P 500 +76.9%.
- Next earnings: 2026-11-12, EPS estimate USD -0.05, revenue estimate $32.1M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (BTBT)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|
| Revenue | $32.3M | $44.9M | $108M | $114M | $123M |
| Operating income | -$107M | -$16.6M | $27.6M | -$91.8M | -$277M |
| Net income | -$105M | -$13.9M | $28.3M | -$80.3M | -$291M |
| EPS (diluted) | -$1.34 | -$0.16 | $0.19 | -$0.31 | — |
| Free cash flow | -$27.8M | -$65.6M | -$107M | -$575M | -$761M |
| Operating margin | -331.8% | -37.0% | 25.5% | -80.9% | -225.3% |
| Net margin | -326.0% | -30.9% | 26.2% | -70.7% | -237.2% |
| Revenue growth | — | +39.1% | +140.6% | +5.1% | — |
| Cash + short-term investments | $34.0M | $16.9M | $95.2M | $118M | — |
| Total debt | — | — | — | $110M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (BTBT)
P/S 2.5x · P/B 0.8x · FCF yield -249.70% · Earnings yield -95.63% · Dividend yield (paid, TTM) 0.26%
P/E at fiscal year-ends: Dec 2024 14.6x.
Analysts (BTBT)
Consensus Buy (mean 2.00 on a 1–5 scale), 5 analysts; mean target USD 3.63 (low 3.5, high 4).
Total return (dividends reinvested) (BTBT)
| 1Y (from 2025-10-24) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -78.4% | -94.1% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -78.5% | -43.2% |
| Volatility (annualized) | 88.0% | 92.6% |
| Max drawdown | -78.8% (Oct 2025→Oct 2026) | -95.8% (Oct 2021→Dec 2022) |
BTBT revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Total Consolidated Revenue | $32.1M | 100.0% | +25.2% |
| — Cloud Services (part of Total Consolidated Revenue) | $23.8M | 74.1% | +43.5% |
| — Colocation Services (part of Total Consolidated Revenue) | $4.7M | 14.7% | +173.3% |
| — Digital Asset Mining (part of Total Consolidated Revenue) | $2.4M | 7.4% | -64.2% |
| — ETH Staking (part of Total Consolidated Revenue) | $903,000 | 2.8% | +147.4% |
| — Other (part of Total Consolidated Revenue) | $307,000 | 1.0% | -9.2% |
| Segment Revenue | $31.8M | 99.1% | — |
| Total Consolidated Cost Of Revenue | $13.5M | 42.1% | — |
| Other Revenue | $307,000 | 1.0% | -9.2% |
| Intersegment Revenue | $26,000 | 0.1% | — |
| Total revenue | $32.1M | 100% | — |
BTBT revenue by region (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Iceland | $69.2M | 60.9% | +49.7% |
| United States | $27.3M | 24.1% | -53.3% |
| Canada | $8.9M | 7.8% | +554.8% |
| Singapore | $7.0M | 6.2% | +287.2% |
| Non Us | $1.1M | 1.0% | +1136.0% |
| Total revenue | $113.6M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
BTBT suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | WhiteFiber, Inc. (WYFI) | “Enovum is 100% owned by WhiteFiber through a general partner and a limited partner in a Delaware operating partnership.” |
| Customer | AI | “As demand continues for AI services, AI providers, including our customers, have sought increased compute capacity” |
| Customer | NVIDIA (NVDA) | “the customer could evaluate an upgrade to newer generation Nvidia GPUs.” |
| Customer | HPC | “During 2025, our HPC data center in Iceland had contracts with 21 customers.” |
| Customer | Enovum Data Centers | “Enovum which holds our data center business that provides customers with physical space, power, and cooling within data center” |
| Partner | Blockfusion | “In May 2022, our hosting partner Blockfusion advised” |
| Partner | Soluna SW | “agreement with Soluna SW, Inc. to continue our business relationship.” |
| Partner | Dell Technologies (DELL) | “partner with SuperMicro Computer Inc.®, an authorized Communications Service Provider ("CSP") with Dell (through Dell's” |
| Partner | Hewlett Packard Enterprise (HPE) | “exclusive distributor in Iceland, Advania), an official partnership with Hewlett Packard Enterprise and a commercial relationship with” |
| Partner | Quanta Computer | “partnerships with major hardware providers such as NVIDIA, SuperMicro, Dell, Hewlett Packard Enterprise, and QCT, and deploys advanced” |
| Competitor | CoreWeave (CRWV) | “operators in the U.S. WhiteFiber's primary competitors in the cloud service business are CoreWeave, Crusoe Energy, Nebius,” |
| Competitor | Nebius (NBIS) | “operators in the U.S. WhiteFiber's primary competitors in the cloud service business are CoreWeave, Crusoe Energy, Nebius,” |
Quoted from the company's 10-K filed Mar 27, 2026.
Companies that name BTBT in their SEC reports
| Relationship to BTBT | Company | Filing | Sentence |
|---|---|---|---|
| partner | WhiteFiber, Inc. (WYFI) | 10-K Mar 26, 2026 | “of the IPO, the Company entered into a Contribution Agreement with Bit Digital, pursuant to which Bit Digital contributed its HPC business” |
BTBT company outlook (results filed Aug 13, 2026)
- “NC-1 is not reflected in second quarter results and is expected to begin contributing in the third quarter. ● Revenue from ETH staking was $0.9 million, compared to $2.3 million in the prior quarter.”
- “Initial billing has commenced at NC-1, with full contracted run-rate billing across 40 megawatts of contracted IT load expected later this month.”
- “Based on contracts signed to date, its Cloud Services portfolio is expected to generate more than $200 million of annualized revenue once fully deployed.” “Our operating results improved through the quarter.”
Quoted word-for-word from the SEC 8-K results press release.
BTBT analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.05 | $-0.02 | +166.7% | $32.1M | 3 |
| Next quarter (ends Dec 2026) | $-0.03 | $-0.01 | +233.3% | $57.3M | 3 |
| Current fiscal year (ends Dec 2026) | $-0.74 | $-0.53 | +39.0% | $149.3M | 3 |
| Next fiscal year (ends Dec 2027) | $-0.15 | $0.00 | — | $310.1M | 2 |
Key Statistics (as of October 24, 2026 at 03:02 UTC)
| Price | USD 0.84 |
|---|---|
| Change | ▼ 6.85% (down) |
| Previous Close | USD 0.91 |
| Open | USD 0.9 |
| Day Range | USD 0.84 – 0.94 |
| 52-Week Range | USD 0.84 – 4.08 |
| Volume | 20,632,958 shares |
| Market Cap | $304.66M |
| Exchange | NCM |
Technical Analysis (BTBT)
Nexqual's technical model rates BTBT "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 24, 2026 at 03:02 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 20.38 (oversold) |
| vs SMA50 | Below (USD 1.46) |
| MACD | -0.19 (negative) |
Analyst Ratings (BTBT)
Wall Street analysts rate BTBT "Buy" based on 5 analysts, with a mean price target of USD 3.63 (range USD 3.5–4), per Nexqual as of October 24, 2026 at 03:02 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 5 |
| Mean Target | USD 3.63 |
| High Target | USD 4 |
| Low Target | USD 3.5 |
| Buy / Hold / Sell | 5 / 0 / 0 |
Earnings (BTBT)
| Next Earnings Date | 2026-11-12 |
|---|---|
| Revenue Estimate | $32.05M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.31 vs est -0.05 ▼ miss |
| 2026-03-31 | USD -0.45 vs est -0.04 ▼ miss |
| 2025-12-31 | USD -0.05 vs est -0.01 ▼ miss |
| 2025-09-30 | USD -0.07 vs est 0 ▼ miss |
Source: Nexqual, October 24, 2026 at 03:02 UTC.
Financials & Fundamentals (BTBT)
| Total Revenue | $121.27M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +25.60% |
| Gross Margin | +57.07% |
| Operating Margin | -244.97% |
| Profit Margin | -240.25% |
| ROE | -52.18% |
| Debt / Equity | 0.86 |
| Current Ratio | 1.51 |
| Total Cash | $83.56M |
| Total Debt | $455.74M |
Source: Nexqual, October 24, 2026 at 03:02 UTC.
Financial Health Score (BTBT)
Nexqual rates Bit Digital, Inc.'s overall financial health "Weak" across five dimensions, as of October 24, 2026 at 03:02 UTC.
| Growth | Solid — Revenue +5% YoY (annual) |
|---|---|
| Profitability | Critical — Net margin -71% (last 12 months); banks have no gross margin |
| Balance Sheet | N/A — Not comparable for banks: deposits and customer funds sit on the balance sheet, so cash vs debt does not measure safety (SEC industry: Finance Services) |
| Cash Flow | N/A — Not meaningful for banks and lenders: lending and trading move operating cash flow by billions each year (SEC industry: Finance Services) |
| Efficiency | Critical — ROE -52%, ROA -17.4% |
Ownership (BTBT)
| Insider Ownership | +1.92% |
|---|---|
| Institutional Ownership | +51.68% |
| Shares Outstanding | 360.63M |
| Float | 352.80M |
| Short % of Float | +15.57% |
Source: Nexqual, October 24, 2026 at 03:02 UTC.
Leadership (BTBT)
Bit Digital, Inc. is led by Samir Tabar, Chief Executive Officer, per Nexqual as of October 24, 2026 at 03:02 UTC.
| Chief Executive Officer | Samir Tabar |
|---|---|
| CFO, Secretary & Director | Erke Huang |
| Chief Technology Officer | Thomas Sanfilippo |
| Chief Technology Officer in Enovum | David Bayle |
Major Backers & Investors (BTBT)
Notable institutional backers of Bit Digital, Inc. include Millennium Management, Charles Schwab Investment Management, Inc., Allspring Global Investments Holdings, LLC, according to Nexqual as of October 24, 2026 at 03:02 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Millennium Management | 2.54% |
| Charles Schwab Investment Management, Inc. | 2.31% |
| Allspring Global Investments Holdings, LLC | 2.21% |
| Citadel | 2.19% |
| Invesco | 1.95% |
| ALLSPRING FUNDS TRUST-Allspring Special Small Cap Value Fund | 1.75% |
| Fidelity | 1.56% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 8.66% |
| State Street | 3.73% |
| Geode Capital | 2.91% |
Source: Nexqual, October 24, 2026 at 03:02 UTC.
From Bit Digital, Inc.'s Latest SEC 10-K Filing (filed 2026-03-27)
Key Strengths & Strategy (as disclosed to the SEC)
- WhiteFiber owns high-performance computing ("HPC") data centers and provides cloud-based HPC graphics processing units ("GPU") services, which it terms cloud services, for customers such as AI application and machine learning ("ML") developers (the "HPC Business").
- From a financial standpoint, WhiteFiber's vertically integrated solution allows it to capture additional margin for both its data center and cloud services businesses, avoiding expenses that would otherwise be due to third-party providers. centers, through which it offers its hosting and colocation services.
- Our approach to our crypto asset holdings remains adaptable to evolving market conditions and operational requirements. that we stake, by utilizing custodian solutions provided by Cactus Custody and Fireblocks, which requires multi-factor authentication.
- Apex's ESG Ratings & Advisory tools allow us to benchmark our ESG performance against international standards and our peers to identify opportunities for improvement and progress over time.
Partnerships
- The Company's services agreement with GreenBlocks expired in February 2026, and the Company is currently evaluating alternative hosting arrangements for the miners previously deployed at the GreenBlocks facility.
- As of the date of this report, such miners are in storage. agreement with Soluna SW, Inc. to continue our business relationship.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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| LAZ | Lazard, Inc. | USD 37.21 | ▼ 0.24% |
| MC | Moelis & Company | USD 54.53 | ▼ 0.96% |
| PIPR | Piper Sandler Companies | USD 64.63 | ▼ 1.39% |
| RIOT | Riot Platforms, Inc. | USD 12.53 | ▼ 2.79% |
| VIRT | Virtu Financial, Inc. | USD 55.93 | ▼ 0.57% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 24, 2026 at 03:02 UTC. This page is informational and not investment advice.
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