Bit Digital, Inc. Expected to Earn Q1 2025 Earnings of $0.01 Per Share (NASDAQ:BTBT)

Bit Digital, Inc. (NASDAQ:BTBT) – Equities research analysts at Northland Capmk issued their Q1 2025 earnings estimates for shares of Bit Digital in a report issued on Wednesday, June 26th. Northland Capmk analyst M. Grondahl anticipates that the company will post earnings per share of $0.01 for the quarter. The consensus estimate for Bit Digital’s current full-year earnings is $0.03 per share.

Bit Digital (NASDAQ:BTBT) last issued its quarterly earnings results on Wednesday, May 15th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $30.29 million for the quarter, compared to analyst estimates of $25.61 million. Bit Digital had a net margin of 57.44% and a return on equity of 0.30%.

Separately, HC Wainwright reiterated a “buy” rating and issued a $5.00 target price on shares of Bit Digital in a report on Friday, May 17th.

Bit Digital Stock Down 5.1 %

NASDAQ:BTBT opened at $3.18 on Friday. Bit Digital has a 52 week low of $1.76 and a 52 week high of $5.27. The company has a fifty day simple moving average of $2.52 and a two-hundred day simple moving average of $2.73. The company has a market cap of $262.30 million, a price-to-earnings ratio of 10.60 and a beta of 4.75.

Institutional Trading of Bit Digital

A number of large investors have recently made changes to their positions in BTBT. Invesco Ltd. grew its holdings in Bit Digital by 3,163.5% during the 3rd quarter. Invesco Ltd. now owns 5,661,083 shares of the company’s stock worth $12,115,000 after acquiring an additional 5,487,615 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Bit Digital by 133.9% during the first quarter. Van ECK Associates Corp now owns 5,000,337 shares of the company’s stock worth $14,351,000 after purchasing an additional 2,862,309 shares in the last quarter. Vident Advisory LLC increased its holdings in Bit Digital by 79.6% in the first quarter. Vident Advisory LLC now owns 2,121,581 shares of the company’s stock valued at $6,089,000 after buying an additional 940,161 shares during the last quarter. Intrinsic Edge Capital Management LLC acquired a new stake in Bit Digital in the fourth quarter valued at $3,384,000. Finally, Quadrature Capital Ltd acquired a new stake in Bit Digital in the third quarter valued at $800,000. 47.70% of the stock is currently owned by hedge funds and other institutional investors.

Bit Digital Company Profile

Bit Digital, Inc, together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications.