Bit Digital (BTBT) Projected to Post Earnings on Thursday

Bit Digital (NASDAQ:BTBT) is anticipated to release its Q1 2026 results before the market opens on Thursday, May 14th. Analysts expect Bit Digital to post earnings of ($0.04) per share and revenue of $25.7290 million for the quarter. Interested persons may review the information on the company’s upcoming Q1 2026 earning report for the latest details on the call scheduled for Friday, May 15, 2026 at 10:00 AM ET.

Bit Digital (NASDAQ:BTBT) last announced its quarterly earnings data on Friday, March 27th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The firm had revenue of $32.34 million for the quarter, compared to analysts’ expectations of $31.87 million. Bit Digital had a negative net margin of 70.70% and a negative return on equity of 5.39%. On average, analysts expect Bit Digital to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Bit Digital Stock Performance

Shares of BTBT opened at $2.15 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 6.39 and a current ratio of 6.39. The company has a market capitalization of $702.14 million, a price-to-earnings ratio of -3.91 and a beta of 3.95. The company’s 50 day simple moving average is $1.57 and its 200 day simple moving average is $2.06. Bit Digital has a 1 year low of $1.25 and a 1 year high of $4.55.

Hedge Funds Weigh In On Bit Digital

Several institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp increased its position in shares of Bit Digital by 40.3% in the fourth quarter. State Street Corp now owns 11,518,002 shares of the company’s stock worth $21,769,000 after acquiring an additional 3,307,076 shares in the last quarter. Invesco Ltd. increased its position in shares of Bit Digital by 18.0% in the fourth quarter. Invesco Ltd. now owns 10,492,680 shares of the company’s stock worth $19,831,000 after acquiring an additional 1,604,011 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Bit Digital by 4.5% in the fourth quarter. Geode Capital Management LLC now owns 9,347,321 shares of the company’s stock worth $17,669,000 after acquiring an additional 403,097 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Bit Digital by 549.2% in the third quarter. Vanguard Group Inc. now owns 7,330,673 shares of the company’s stock worth $21,992,000 after acquiring an additional 6,201,477 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Bit Digital by 21.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,123,173 shares of the company’s stock worth $13,463,000 after acquiring an additional 1,260,686 shares in the last quarter. Institutional investors and hedge funds own 47.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on BTBT. HC Wainwright reaffirmed a “buy” rating and set a $7.00 price target on shares of Bit Digital in a research report on Thursday, April 2nd. Wall Street Zen lowered shares of Bit Digital from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Zacks Research lowered shares of Bit Digital from a “hold” rating to a “strong sell” rating in a research report on Monday, April 6th. 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. Finally, B. Riley Financial dropped their price target on shares of Bit Digital from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.67.

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.