Northland Securities Weighs in on Bit Digital Q4 Earnings

Bit Digital, Inc. (NASDAQ:BTBT) – Equities researchers at Northland Securities issued their Q4 2026 earnings per share estimates for Bit Digital in a note issued to investors on Friday, May 15th. Northland Securities analyst M. Grondahl expects that the company will earn ($0.01) per share for the quarter. The consensus estimate for Bit Digital’s current full-year earnings is ($0.12) per share.

Bit Digital (NASDAQ:BTBT) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.41). Bit Digital had a negative net margin of 70.70% and a negative return on equity of 5.39%. The business had revenue of $27.92 million during the quarter, compared to analyst estimates of $25.73 million.

A number of other research firms have also recently commented on BTBT. HC Wainwright reaffirmed a “buy” rating and set a $7.00 price objective on shares of Bit Digital in a research report on Thursday, April 2nd. Weiss Ratings lowered shares of Bit Digital from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, March 30th. Zacks Research downgraded shares of Bit Digital from a “hold” rating to a “strong sell” rating in a report on Monday, April 6th. B. Riley Financial reiterated a “buy” rating on shares of Bit Digital in a research note on Monday. Finally, Wall Street Zen cut shares of Bit Digital from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Two research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Bit Digital currently has a consensus rating of “Hold” and a consensus price target of $5.67.

Bit Digital Stock Down 5.8%

BTBT stock opened at $1.70 on Tuesday. Bit Digital has a 1-year low of $1.25 and a 1-year high of $4.55. The business’s 50 day simple moving average is $1.59 and its 200 day simple moving average is $1.99. The company has a current ratio of 6.39, a quick ratio of 6.39 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $555.19 million, a PE ratio of -3.09 and a beta of 3.95.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BTBT. AQR Capital Management LLC boosted its position in shares of Bit Digital by 815.3% in the first quarter. AQR Capital Management LLC now owns 202,648 shares of the company’s stock valued at $409,000 after acquiring an additional 180,509 shares during the period. Millennium Management LLC increased its position in Bit Digital by 62.6% during the first quarter. Millennium Management LLC now owns 2,337,217 shares of the company’s stock worth $4,721,000 after acquiring an additional 899,967 shares during the period. JPMorgan Chase & Co. raised its stake in Bit Digital by 304.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 290,764 shares of the company’s stock worth $637,000 after purchasing an additional 218,789 shares in the last quarter. Legal & General Group Plc raised its stake in Bit Digital by 60.2% in the 2nd quarter. Legal & General Group Plc now owns 16,508 shares of the company’s stock worth $36,000 after purchasing an additional 6,206 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in Bit Digital by 62.4% in the 2nd quarter. Rhumbline Advisers now owns 258,938 shares of the company’s stock valued at $567,000 after purchasing an additional 99,490 shares during the period. Institutional investors own 47.70% of the company’s stock.

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.