Financial Services -
Financial - Capital Markets - NASDAQ - US
$ 2.465
0.203 %
$ 378 M
Market Cap
-82.17
P/E
1. INTRINSIC VALUE
Balance Sheet
Bit Digital, Inc.
| Current Assets | 83.3 M |
| Cash & Short-Term Investments | 64.8 M |
| Receivables | 13.9 M |
| Other Current Assets | 4.74 M |
| Non-Current Assets | 107 M |
| Long-Term Investments | 4.77 M |
| PP&E | 91.9 M |
| Other Non-Current Assets | 10.3 M |
| Current Liabilities | 27.1 M |
| Accounts Payable | 2.32 M |
| Short-Term Debt | 1.86 M |
| Other Current Liabilities | 22.9 M |
| Non-Current Liabilities | 9.54 M |
| Long-Term Debt | 4.35 M |
| Other Non-Current Liabilities | 5.19 M |
EFFICIENCY
Earnings Waterfall
Bit Digital, Inc.
| Revenue | 44.9 M |
| Cost Of Revenue | 29.6 M |
| Gross Profit | 15.4 M |
| Operating Expenses | 32 M |
| Operating Income | -16.6 M |
| Other Expenses | -2.73 M |
| Net Income | -13.9 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Bit Digital, Inc.
| Net Income | -13.9 M |
| Depreciation & Amortization | 14.4 M |
| Capital Expenditures | -66.7 M |
| Stock-Based Compensation | 9.12 M |
| Change in Working Capital | 48.2 M |
| Others | -9.98 M |
| Free Cash Flow | -65.6 M |
Wall Street Analysts Price Targets
Bit Digital, Inc.
Wall Street analysts predict an average 1-year price target for BTBT of $6 , with forecasts ranging from
a
low of
$5 to a high of $7 .
BTBT Lowest Price Target
Wall Street Target
5 USD
102.84%
BTBT Average Price Target
Wall Street Target
6 USD
143.41%
BTBT Highest Price Target
Wall Street Target
7 USD
183.98%
4. DIVIDEND
ANALYSIS
BTBT does not distribute dividends.
5. COMPETITION
6. Ownership
Insider Ownership
Bit Digital, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|
7. News
Bit Digital, Inc. (BTBT) Laps the Stock Market: Here's Why
The latest trading day saw Bit Digital, Inc. (BTBT) settling at $3, representing a +0.67% change from its previous close.
zacks.com
- 1 week ago
Bit Digital CEO discusses AI data center deal and WhiteFiber rebrand - ICYMI
Bit Digital Inc (NASDAQ:BTBT) CEO Sam Tabar joined Proactive to discuss the company's latest developments. He highlighted a major AI data center contract and the rebranding of its HPC business under the WhiteFiber brand.
proactiveinvestors.com
- 2 weeks ago
Bit Digital, Inc. (BTBT) Stock Falls Amid Market Uptick: What Investors Need to Know
In the most recent trading session, Bit Digital, Inc. (BTBT) closed at $3.06, indicating a -0.97% shift from the previous trading day.
zacks.com
- 3 weeks ago
Bit Digital secures AI colocation deal through HPC business WhiteFiber
Bit Digital Inc (NASDAQ:BTBT) announced it has signed a colocation agreement with a major AI hardware company through its rebranded high-performance computing (HPC) division WhiteFiber. The five-year contract covers 5 MW of built-to-suit data center infrastructure and will be fulfilled at a data center within WhiteFiber's Enovum Data Centers pipeline.
proactiveinvestors.com
- 3 weeks ago
Bit Digital, Inc. Secures New Multi-Year Colocation Agreement with a Leader in AI Hardware
NEW YORK , Feb. 10, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company") announced today that it has secured a colocation contract with a leading AI hardware innovator. The agreement will be executed through WhiteFiber, Inc. ("WhiteFiber"), the Company's newly rebranded HPC business, which includes cloud services and its data center platform, Enovum Data Centers Corp. ("Enovum").
prnewswire.com
- 3 weeks ago
Bit Digital, Inc. Announces Monthly Production Update for January 2025
NEW YORK , Feb. 7, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a global platform for high-performance computing ("HPC") infrastructure and digital asset production headquartered in New York, announced its unaudited digital asset production, HPC services revenue, and corporate updates for the month of January 2025. Corporate Highlights for January 2025 The Company earned approximately $4.9 million of total unaudited HPC revenue[1] during the month of January 2025.
prnewswire.com
- 3 weeks ago
Bit Digital rebrands HPC business to WhiteFiber
Bit Digital Inc (NASDAQ:BTBT) announced that it has rebranded its high-performance computing (HPC) business, including its GPU cloud business, HPC data center business and Enovum Data Centers, as WhiteFiber. CEO Sam Tabar said the rebrand establishes a “distinct identity” for the company's HPC business.
proactiveinvestors.com
- 3 weeks ago
Bit Digital, Inc. Announces Strategic Rebranding of its HPC Business to WhiteFiber
NEW YORK , Feb. 6, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company") announced today that it has officially rebranded its HPC business as WhiteFiber, Inc. ("WhiteFiber"). WhiteFiber encompasses the Company's GPU Cloud business and its HPC data center business, Enovum Data Centers ("Enovum").
prnewswire.com
- 3 weeks ago
Why the Market Dipped But Bit Digital, Inc. (BTBT) Gained Today
The latest trading day saw Bit Digital, Inc. (BTBT) settling at $3.18, representing a +0.95% change from its previous close.
zacks.com
- 4 weeks ago
Bit Digital Is A Buy On DeepSeek Weakness
Bit Digital (BTBT) is near key support at $2.90, presenting a potential buying opportunity despite recent tech stock declines. The company's transition from Bitcoin mining to scalable computing models offers better margins and predictable results, along with rapid revenue growth. Bit Digital's strong balance sheet, with significant liquidity and no debt, supports its ambitious expansion plans in the data center business.
seekingalpha.com
- 1 month ago
Bit Digital strengthens anchor HPC client relationship with new GPU agreement
Bit Digital Inc (NASDAQ:BTBT) has returned a repeat ‘Outperform' rating from Noble Capital Markets analysts after it announced a new agreement with its anchor customer in the GPU cloud part of its HPC business. The analysts see the new agreement as representing an expanded relationship between Bit Digital and its anchor client.
proactiveinvestors.com
- 1 month ago
Bit Digital strengthens GPU cloud business with new customer agreement
Bit Digital Inc (NASDAQ:BTBT) has entered into a new agreement with a key customer to provide 464 Nvidia B200 GPUs. The arrangement replaces a previous agreement for 2,048 H100 GPUs, and the company said it remains in discussions with the customer regarding additional GPU contracts for 2025.
proactiveinvestors.com
- 1 month ago
8. Profile
Summary
Bit Digital, Inc. BTBT
COUNTRY
US
INDUSTRY
Financial - Capital Markets
MARKET CAP
$ 378 M
Dividend Yield
0.00%
Description
Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management 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 incorporated in 2017 and is headquartered in New York, New York.
Contact
33 Irving Place, New York, NY, 10003
https://bit-digital.com
IPO
Date
March 20, 2018
Employees
24
Officers
Mr. Samir Tabar
Chief Executive Officer
Mr. David Bayle
Chief Technology Officer in Enovum
Mr. Benjamin Lamson
Head of Revenue
Mr. Tom Sanfilippo
Chief Technology Officer
Mr. Billy Krassakopoulos
Chief Executive Officer of Enovum
Ms. Luna Tan
Managing Director
Mr. Erke Huang
Chief Financial Officer & Director
Mr. William Cameron Schnier C.F.A.
Head of Investor Relations
Mr. Justin Zhu
Senior Vice President of Finance
Mr. Jiashu Xiong
Executive Director