Bit Digital (BTBT) Projected to Post Quarterly Earnings on Thursday

Bit Digital (NASDAQ:BTBT) will likely be issuing its Q2 2026 results before the market opens on Thursday, August 13th. Analysts expect Bit Digital to post earnings of ($0.05) per share and revenue of $23.5840 million for the quarter. Investors may visit the the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Thursday, August 13, 2026 at 10:30 AM ET.

Bit Digital (NASDAQ:BTBT) last announced its earnings results on Friday, May 15th. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.41). Bit Digital had a negative net margin of 145.39% and a negative return on equity of 8.44%. The firm had revenue of $27.92 million for the quarter, compared to the consensus estimate of $25.73 million. On average, analysts expect Bit Digital to post $-1 EPS for the current fiscal year and $-0 EPS for the next fiscal year.

Bit Digital Price Performance

Shares of Bit Digital stock opened at $1.36 on Wednesday. Bit Digital has a 52 week low of $1.18 and a 52 week high of $4.55. The company has a current ratio of 6.36, a quick ratio of 6.36 and a debt-to-equity ratio of 0.56. The stock has a market cap of $474.90 million, a PE ratio of -2.00 and a beta of 4.02. The company’s 50-day moving average price is $1.66 and its two-hundred day moving average price is $1.70.

Wall Street Analyst Weigh In

BTBT has been the topic of several recent research reports. B. Riley Financial reaffirmed a “buy” rating on shares of Bit Digital in a research note on Monday, May 18th. Craig Hallum restated a “buy” rating and set a $3.50 target price on shares of Bit Digital in a report on Tuesday, July 14th. Zacks Research upgraded shares of Bit Digital from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. Finally, Weiss Ratings lowered shares of Bit Digital from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 18th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $5.12.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BTBT. Invesco Ltd. raised its position in Bit Digital by 18.0% during the fourth quarter. Invesco Ltd. now owns 10,492,680 shares of the company’s stock valued at $19,831,000 after buying an additional 1,604,011 shares during the period. Vident Advisory LLC boosted its position in Bit Digital by 9.7% during the 4th quarter. Vident Advisory LLC now owns 1,229,756 shares of the company’s stock worth $2,324,000 after acquiring an additional 108,387 shares during the period. Mackenzie Financial Corp boosted its position in Bit Digital by 75.4% during the 4th quarter. Mackenzie Financial Corp now owns 20,073 shares of the company’s stock worth $39,000 after acquiring an additional 8,630 shares during the period. XTX Topco Ltd grew its stake in Bit Digital by 162.9% during the 4th quarter. XTX Topco Ltd now owns 388,886 shares of the company’s stock valued at $735,000 after acquiring an additional 240,950 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in Bit Digital during the 4th quarter valued at about $26,000. Hedge funds and other 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.