B. Riley Estimates Bit Digital’s Q1 Earnings (NASDAQ:BTBT)

Bit Digital, Inc. (NASDAQ:BTBT) – Research analysts at B. Riley issued their Q1 2026 earnings per share estimates for Bit Digital in a research note issued on Thursday, September 4th. B. Riley analyst N. Giles 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 ($0.20) per share. B. Riley also issued estimates for Bit Digital’s Q2 2026 earnings at ($0.01) EPS and Q3 2026 earnings at $0.00 EPS.

Bit Digital (NASDAQ:BTBT) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). Bit Digital had a negative return on equity of 9.90% and a negative net margin of 52.86%.The company had revenue of $25.66 million for the quarter, compared to analyst estimates of $27.46 million.

Several other brokerages have also commented on BTBT. Wall Street Zen raised Bit Digital from a “strong sell” rating to a “hold” rating in a report on Saturday, August 16th. HC Wainwright reissued a “buy” rating and issued a $7.00 price objective on shares of Bit Digital in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $6.33.

Bit Digital Trading Up 1.2%

Shares of BTBT opened at $2.51 on Friday. Bit Digital has a 12 month low of $1.69 and a 12 month high of $5.74. The stock’s 50 day moving average is $3.02 and its two-hundred day moving average is $2.53. The firm has a market cap of $806.79 million, a P/E ratio of -8.10 and a beta of 4.77.

Hedge Funds Weigh In On Bit Digital

Institutional investors and hedge funds have recently bought and sold shares of the business. Nomura Holdings Inc. acquired a new position in Bit Digital during the second quarter worth $1,736,000. Headlands Technologies LLC acquired a new position in Bit Digital during the second quarter worth $56,000. Tower Research Capital LLC TRC boosted its stake in Bit Digital by 596.5% during the second quarter. Tower Research Capital LLC TRC now owns 25,303 shares of the company’s stock worth $55,000 after buying an additional 21,670 shares during the last quarter. Conversant Capital LLC acquired a new position in Bit Digital during the second quarter worth $4,982,000. Finally, Vident Advisory LLC boosted its stake in Bit Digital by 29.0% during the second quarter. Vident Advisory LLC now owns 3,723,069 shares of the company’s stock worth $8,154,000 after buying an additional 837,074 shares during the last quarter. 47.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Bit Digital

In other Bit Digital news, CEO Samir Tabar purchased 750,000 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were purchased at an average cost of $2.00 per share, for a total transaction of $1,500,000.00. Following the completion of the transaction, the chief executive officer owned 2,108,089 shares of the company’s stock, valued at $4,216,178. The trade was a 55.22% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Brock Jeffrey Pierce purchased 500,000 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were acquired at an average price of $2.00 per share, for a total transaction of $1,000,000.00. Following the completion of the transaction, the director directly owned 500,000 shares of the company’s stock, valued at $1,000,000. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

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.