Bit Digital (BTBT) to Release Earnings on Thursday

Bit Digital (NASDAQ:BTBT) is expected to be posting its Q2 2026 results before the market opens on Thursday, August 13th. Analysts expect Bit Digital to post earnings of ($0.05) per share and revenue of $23.5840 million for the quarter. Interested persons can find conference call details on the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Thursday, August 13, 2026 at 10:30 AM ET.

Bit Digital (NASDAQ:BTBT) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.41). Bit Digital had a negative net margin of 145.39% and a negative return on equity of 8.44%. The company had revenue of $27.92 million for the quarter, compared to analysts’ expectations of $25.73 million. On average, analysts expect Bit Digital to post $-1 EPS for the current fiscal year and $-0 EPS for the next fiscal year.

Bit Digital Stock Performance

Shares of BTBT opened at $1.30 on Tuesday. The company has a 50-day simple moving average of $1.68 and a two-hundred day simple moving average of $1.70. The company has a debt-to-equity ratio of 0.56, a current ratio of 6.36 and a quick ratio of 6.36. The firm has a market capitalization of $453.95 million, a PE ratio of -1.91 and a beta of 4.02. Bit Digital has a one year low of $1.18 and a one year high of $4.55.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. raised its stake in shares of Bit Digital by 2.4% in the second quarter. American Century Companies Inc. now owns 183,463 shares of the company’s stock worth $402,000 after purchasing an additional 4,374 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Bit Digital by 60.2% during the second quarter. Legal & General Group Plc now owns 16,508 shares of the company’s stock valued at $36,000 after purchasing an additional 6,206 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Bit Digital by 75.4% during the fourth quarter. Mackenzie Financial Corp now owns 20,073 shares of the company’s stock valued at $39,000 after buying an additional 8,630 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Bit Digital by 99.0% during the second quarter. BNP Paribas Financial Markets now owns 19,992 shares of the company’s stock valued at $44,000 after buying an additional 9,946 shares during the last quarter. Finally, Swiss National Bank increased its holdings in Bit Digital by 1.7% in the 4th quarter. Swiss National Bank now owns 630,200 shares of the company’s stock worth $1,191,000 after buying an additional 10,500 shares in the last quarter. Hedge funds and other institutional investors own 47.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BTBT shares. Craig Hallum restated a “buy” rating and issued a $3.50 target price on shares of Bit Digital in a research note on Tuesday, July 14th. Zacks Research upgraded Bit Digital from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. B. Riley Financial reiterated a “buy” rating on shares of Bit Digital in a report on Monday, May 18th. Finally, Weiss Ratings lowered Bit Digital from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 18th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $5.12.

Bit Digital Company Profile

Bit Digital, Inc (NASDAQ: BTBT) is a publicly traded digital asset mining company that specializes in the proof-of-work mining of Bitcoin. Incorporated in Nevada and headquartered in New York City, Bit Digital develops, owns and manages a fleet of high-efficiency ASIC miners, with the primary aim of generating newly minted Bitcoin through computational work. The company’s revenue is derived solely from its mining operations and any resulting cryptocurrency holdings.

To support its mining activities, Bit Digital maintains multiple data center facilities across North America.