Financial Services - Financial - Capital Markets - NASDAQ - US
$ 4.27
-2.51 %
$ 631 M
Market Cap
21.35
P/E
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.[ Read More ]
The intrinsic value of one BTBT stock under the base case scenario is HIDDEN Compared to the current market price of 4.27 USD, Bit Digital, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart BTBT
FINANCIALS
44.9 M
REVENUE
-16.6 M
OPERATING INCOME
-13.9 M
NET INCOME
1.11 M
OPERATING CASH FLOW
-69.2 M
INVESTING CASH FLOW
52.2 M
FINANCING CASH FLOW
29 M
REVENUE
-11.6 M
OPERATING INCOME
-12 M
NET INCOME
-9.5 M
OPERATING CASH FLOW
-6.19 M
INVESTING CASH FLOW
41.6 M
FINANCING CASH FLOW
Balance Sheet Decomposition
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
34.20%
GROSS MARGIN
-37.00%
OPERATING MARGIN
-30.93%
NET MARGIN
-9.10%
ROE
-7.34%
ROA
-11.11%
ROIC
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 | 27.3 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
17.10%
BTBT Average Price Target
Wall Street Target
6 USD
40.52%
BTBT Highest Price Target
Wall Street Target
7 USD
63.93%
4. DIVIDEND ANALYSIS
0.00%
DIVIDEND YIELD
0 USD
DIVIDEND PER SHARE
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: AI Plus Rising Bitcoin Prices (Q3 Preview)
Bit Digital's pivot to AI and HPC infrastructure has significantly boosted revenues, offsetting Bitcoin mining declines due to the halving event. The company maintains strong financial health with $59 million in cash reserves and minimal debt, despite share dilution from equity issuance for AI expansion. Q3 earnings will be crucial to assess AI revenue growth and its impact on overall profitability, especially amidst volatile Bitcoin prices.
seekingalpha.com
- 4 days ago
Bit Digital, Inc. Announces Date for Third Quarter 2024 Financial Results and Conference Call
NEW YORK , Nov. 11, 2024 /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 today that it will release its Third Quarter 2024 results on Monday, November 18, 2024, before the stock market opens. Senior management will host a live webcast and conference call to review the results on Monday, November 18, 2024, at 10:00 a.m.
prnewswire.com
- 5 days ago
Bit Digital, Inc. (BTBT) Rises Higher Than Market: Key Facts
Bit Digital, Inc. (BTBT) closed the most recent trading day at $4.14, moving +0.98% from the previous trading session.
zacks.com
- 1 week ago
Bit Digital, Inc. (BTBT) is Attracting Investor Attention: Here is What You Should Know
Recently, Zacks.com users have been paying close attention to Bit Digital (BTBT). This makes it worthwhile to examine what the stock has in store.
zacks.com
- 1 week ago
Bit Digital increases Bitcoin output in October
Bit Digital Inc (NASDAQ:BTBT) reported growth in both digital asset production and revenue from AI services during the month of October. The company generated approximately $4.3 million in revenue from its initial AI contract, supported by 256 active servers dedicated to HPC services as of October 31, 2024.
proactiveinvestors.com
- 1 week ago
Bit Digital, Inc. Announces Monthly Production Update for October 2024
NEW YORK , Nov. 6, 2024 /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 October 2024. Corporate Highlights for October 2024 The Company had 256 servers actively generating revenue from its initial Bit Digital AI contract, as of October 31, 2024.
prnewswire.com
- 1 week ago
Bitcoin Bolts To Record High On GOP Sweep; Analysts Eye $100k
The price of bitcoin hit a record of just shy of $75,000 Tuesday night. Industry pros look for $100k in 2025.
investors.com
- 1 week ago
Will Bit Digital, Inc. (BTBT) Report Negative Q3 Earnings? What You Should Know
Bit Digital (BTBT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
zacks.com
- 1 week ago
Bit Digital finalises GPU supply contract with cloud gaming company Boosteroid
Bit Digital Inc (NASDAQ:BTBT) told investors it has struck a deal with Boosteroid Inc for an initial order of 300 GPUs that are expected to generate around $4.6 million in revenue over the five-year term, with the option to expand the number of GPUs to up to 50,000. The high-performance computing specialist said it expects to complete deliveries to the cloud gaming provider and begin earning revenue from the contract by the end of this month.
proactiveinvestors.com
- 1 week ago
Bit Digital, Inc. Executes MSA with Boosteroid, Third-Largest Cloud Gaming Provider, For Initial Deployment
NEW YORK , Nov. 4, 2024 /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 today that it has executed a Master Service Agreement ("MSA") with Boosteroid Inc. ("Boosteroid"), a global cloud gaming provider and new customer of Bit Digital's high-performance computing ("HPC") services. Bit Digital previously announced that it had signed a binding term sheet with Boosteroid on August 19, 2024.
prnewswire.com
- 1 week ago
Bit Digital CEO talks Enovum acquisition – ICYMI
Bit Digital Inc (NASDAQ:BTBT) CEO Sam Tabar talked with Proactive about the company's recent acquisition of Enovum Data Centers, a high-performance computing (HPC) facility operator based in Montreal. This acquisition marks a major step in Bit Digital's strategic expansion, positioning it as a diversified player in data center operations, GPU cloud services, and digital assets.
proactiveinvestors.com
- 2 weeks ago
Bit Digital, Inc. (BTBT) Falls More Steeply Than Broader Market: What Investors Need to Know
In the most recent trading session, Bit Digital, Inc. (BTBT) closed at $3.93, indicating a -1.75% shift from the previous trading day.
zacks.com
- 3 weeks ago
8. Profile Summary
Bit Digital, Inc. BTBT
COUNTRY
US
INDUSTRY
Financial - Capital Markets
MARKET CAP
$ 631 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. Jiashu Xiong
Executive Director
Mr. Benjamin Lamson
Head of Revenue
Mr. Justin Zhu
Senior Vice President of Finance
Ms. Luna Tan
Managing Director
Mr. Samir Tabar
Chief Executive Officer
Mr. Tom Sanfilippo
Chief Technology Officer
Mr. William Cameron Schnier C.F.A.
Head of Investor Relations
Mr. Erke Huang
Chief Financial Officer & Director