Financial Services -
Financial - Capital Markets - NASDAQ - US
$ 3.68
1.38 %
$ 565 M
Market Cap
-122.67
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
35.87%
BTBT Average Price Target
Wall Street Target
6 USD
63.04%
BTBT Highest Price Target
Wall Street Target
7 USD
90.22%
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 completes transition to domestic issuer status in the US
Bit Digital Inc (NASDAQ:BTBT) announced that it has transitioned to domestic issuer status from foreign private issuer status under US securities regulations. The company, a global leader in high-performance computing (HPC) infrastructure and digital asset production, said the transition marks a significant step in its growth trajectory, streamlining its regulatory compliance framework while reinforcing its commitment to shareholder trust.
proactiveinvestors.com
- 1 week ago
Bit Digital, Inc. Completes Transition from Foreign Private Issuer Status to Domestic Filer Status
NEW YORK , Jan. 6, 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 today that as of January 1, 2025, it officially transitioned to domestic issuer status under U.S. securities regulations. The change reflects the Company's commitment to transparency, operational growth, U.S. market expectations, and streamlines its regulatory compliance framework.
prnewswire.com
- 1 week ago
Bit Digital's prioritization of high-quality revenue opportunities praised by analysts
Bit Digital Inc (NASDAQ:BTBT) has earned a repeat ‘Outperform' rating from analysts at Noble Capital Markets after the firm earlier this week announced the execution of a Master Services Agreement (MSA) with an AI Compute Fund managed by NDA Holdings Venture. The two-year contract provides for 576 Nvidia H200 GPUs, representing a total revenue opportunity of $20.2 million.
proactiveinvestors.com
- 2 weeks ago
Investors Heavily Search Bit Digital, Inc. (BTBT): Here is What You Need to Know
Zacks.com users have recently been watching Bit Digital (BTBT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
zacks.com
- 2 weeks ago
Bit Digital partners with AI Compute Fund on GPU deployment
Bit Digital Inc (NASDAQ:BTBT) announced that it has signed a Master Services Agreement with a new client, the AI Compute Fund managed by DNA Holdings Venture Inc. The agreement includes the provision of 576 Nvidia H200 GPUs over a two-year term, representing a potential revenue of approximately $20.2 million.
proactiveinvestors.com
- 2 weeks ago
Bit Digital, Inc. Executes MSA for 576 H200 GPU Deal with DNA AI Compute Fund
NEW YORK , Dec. 31, 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 an MSA with a new client, an AI Compute Fund managed by DNA Holdings Venture Inc., which provides for 576 Nvidia H200 GPUs over a two-year term. The contract represents an aggregate revenue opportunity of approximately $20.2 million for Bit Digital and is expected to commence in February 2025.
prnewswire.com
- 2 weeks ago
Bit Digital expands data center footprint with 5MW Tier-3 facility in Montreal
Bit Digital Inc (NASDAQ:BTBT) announced that it has acquired real estate and a building in Montreal, Canada, for a 5MW Tier-3 data center expansion project. The acquisition, valued at C$33.5 million (US$23.3 million), was finalized on December 27, 2024, and funded initially with cash on hand.
proactiveinvestors.com
- 2 weeks ago
Bit Digital, Inc. Acquires Another Metropolitan Site for Tier-3 Data Center Expansion
NEW YORK , Dec. 30, 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 is has acquired the real estate and building for a build-to-suit 5MW Tier-3 data center expansion project in Montreal, Canada. This acquisition is part of Bit Digital's strategy to expand its HPC data center footprint to 32MW during 2025.
prnewswire.com
- 2 weeks ago
Bit Digital poised for revenue expansion with new HPC agreements, digital asset momentum
Analysts at Noble Capital have repeated their ‘Outperform' rating on Bit Digital Inc (NASDAQ:BTBT) following the release of its November production numbers, which showed the company had 266 servers active during the month and achieved approximately $4.3 million in GPU Cloud revenue. At its Enovum Data Center, the company had 13 customers actively generating revenue with colocation revenue of approximately $503,500, the analysts highlighted.
proactiveinvestors.com
- 1 month ago
Wall Street Analysts Think Bit Digital (BTBT) Is a Good Investment: Is It?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
zacks.com
- 1 month ago
Bit Digital increases hash rate in November
Bit Digital Inc (NASDAQ:BTBT) ended the month of November with 813 Bitcoin (BTC) and 27,563 Ethereum (ETH) valued at approximately $78.4 million and $102.1 million, respectively. According to the high-performance computing (HPC) infrastructure and digital asset production company's unaudited revenue figures for November 2024, New York-based Bit Digital generated approximately $4.3 million in GPU cloud revenue for the month, supported by 266 servers and 2,128 GPUs contracted under its Bit Digital AI agreements.
proactiveinvestors.com
- 1 month ago
Bit Digital, Inc. Announces Monthly Production Update for November 2024
NEW YORK , Dec. 5, 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 November 2024. Corporate Highlights for November 2024 The Company had 266 servers (2,128 GPUs) actively generating revenue from its Bit Digital AI contracts, as of November 30, 2024.
prnewswire.com
- 1 month ago
8. Profile
Summary
Bit Digital, Inc. BTBT
COUNTRY
US
INDUSTRY
Financial - Capital Markets
MARKET CAP
$ 565 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
Ms. Luna Tan
Managing Director
Mr. Benjamin Lamson
Head of Revenue
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. Samir Tabar
Chief Executive Officer
Mr. Tom Sanfilippo
Chief Technology Officer
Mr. Jiashu Xiong
Executive Director