HC Wainwright Predicts Bit Digital FY2026 Earnings

Bit Digital, Inc. (NASDAQ:BTBT) – Research analysts at HC Wainwright issued their FY2026 earnings estimates for Bit Digital in a research report issued to clients and investors on Tuesday, September 8th. HC Wainwright analyst M. Colonnese anticipates that the company will post earnings of ($0.17) per share for the year. HC Wainwright currently has a “Buy” rating and a $4.00 price target on the stock. The consensus estimate for Bit Digital’s current full-year earnings is ($0.56) per share.

Bit Digital (NASDAQ:BTBT) last released its earnings results on Thursday, August 13th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.26). The business had revenue of $32.11 million for the quarter, compared to analyst estimates of $23.58 million. Bit Digital had a negative return on equity of 10.66% and a negative net margin of 237.19%.

BTBT has been the topic of several other reports. Craig Hallum reiterated a “buy” rating and issued a $3.50 price objective on shares of Bit Digital in a research note on Tuesday, July 14th. Zacks Research raised Bit Digital from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bit Digital in a research report on Thursday, August 13th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $4.38.

Bit Digital Stock Performance

NASDAQ:BTBT opened at $1.43 on Thursday. The company has a fifty day simple moving average of $1.49 and a two-hundred day simple moving average of $1.64. The company has a market cap of $515.70 million, a price-to-earnings ratio of -1.35 and a beta of 3.97. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.69. Bit Digital has a 52 week low of $1.18 and a 52 week high of $4.55.

Institutional Trading of Bit Digital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new position in Bit Digital in the first quarter valued at $8,004,000. Renaissance Technologies LLC raised its holdings in shares of Bit Digital by 114.8% in the first quarter. Renaissance Technologies LLC now owns 7,359,377 shares of the company’s stock valued at $9,641,000 after buying an additional 3,932,900 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of Bit Digital by 186.8% during the second quarter. Tidal Investments LLC now owns 1,758,186 shares of the company’s stock worth $3,165,000 after buying an additional 1,145,092 shares during the period. Bank of America Corp DE boosted its stake in shares of Bit Digital by 164.0% during the first quarter. Bank of America Corp DE now owns 917,780 shares of the company’s stock worth $1,202,000 after buying an additional 570,086 shares during the period. Finally, KBC Group NV acquired a new position in Bit Digital in the 1st quarter valued at about $672,000. Institutional investors and hedge funds own 47.70% of the company’s stock.

Bit Digital Company Profile

Bit Digital, Inc (NASDAQ:BTBT) is a digital-asset and infrastructure company engaged primarily in bitcoin mining and Ethereum staking. The company operates and manages specialized computing equipment used to validate transactions and earn digital assets, while seeking to use energy-efficient and environmentally responsible operating practices.

In addition to bitcoin mining, Bit Digital provides Ethereum staking services through its digital-asset infrastructure platform. The company has also expanded its focus toward high-performance computing and artificial intelligence infrastructure, including services that support data-intensive workloads and may complement its existing expertise in operating specialized computing equipment.

Bit Digital was formerly known as Golden Bull Limited and adopted its current name in 2020 as it repositioned its business around digital assets.