Northland Securities Comments on Bit Digital Q1 Earnings

Bit Digital, Inc. (NASDAQ:BTBT) – Equities research analysts at Northland Securities issued their Q1 2026 earnings per share estimates for shares of Bit Digital in a research note issued to investors on Monday, April 6th. Northland Securities analyst M. Grondahl expects that the company will post earnings per share of ($0.04) for the quarter. The consensus estimate for Bit Digital’s current full-year earnings is ($0.20) per share. Northland Securities also issued estimates for Bit Digital’s Q2 2026 earnings at ($0.04) EPS, Q4 2026 earnings at $0.00 EPS and FY2026 earnings at ($0.09) EPS.

A number of other brokerages have also issued reports on BTBT. B. Riley Financial decreased their price target on Bit Digital from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Zacks Research raised Bit Digital from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 17th. HC Wainwright reissued a “buy” rating and issued a $7.00 price target on shares of Bit Digital in a research note on Thursday, April 2nd. Wall Street Zen lowered Bit Digital from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Finally, Weiss Ratings lowered Bit Digital from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, March 30th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Bit Digital currently has a consensus rating of “Hold” and an average target price of $5.67.

Bit Digital Stock Down 3.7%

Shares of NASDAQ:BTBT opened at $1.31 on Tuesday. The stock’s 50-day moving average price is $1.66 and its two-hundred day moving average price is $2.36. The company has a current ratio of 6.39, a quick ratio of 17.53 and a debt-to-equity ratio of 0.13. Bit Digital has a 12-month low of $1.25 and a 12-month high of $4.55. The firm has a market cap of $427.82 million, a price-to-earnings ratio of -2.38 and a beta of 4.02.

Bit Digital (NASDAQ:BTBT) last issued its quarterly earnings results on Friday, March 27th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Bit Digital had a negative return on equity of 5.39% and a negative net margin of 70.70%.The business had revenue of $32.34 million during the quarter, compared to analyst estimates of $31.87 million.

Hedge Funds Weigh In On Bit Digital

Several hedge funds and other institutional investors have recently bought and sold shares of BTBT. Walleye Trading LLC acquired a new position in Bit Digital during the 2nd quarter worth approximately $25,000. Cerity Partners LLC acquired a new position in Bit Digital during the 4th quarter worth approximately $26,000. nVerses Capital LLC acquired a new position in Bit Digital during the 4th quarter worth approximately $26,000. Marathon Capital Management acquired a new position in Bit Digital during the 4th quarter worth approximately $28,000. Finally, E6 Portfolios LLC acquired a new position in Bit Digital during the 4th quarter worth approximately $28,000. 47.70% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Bit Digital

Here are the key news stories impacting Bit Digital this week:

• Positive Sentiment: Bit Digital reported it holds ~155,444 ETH (market value ≈ $327M as of 3/31/26), giving the company sizeable liquid crypto reserves that support its balance sheet and downside protection. Read More.
• Positive Sentiment: Management also holds large WYFI equity positions (reported market value ~ $322M), which provides additional non-mining assets that could be monetized or used as collateral. Read More.
• Positive Sentiment: HC Wainwright maintained a “Buy” rating and a $7.00 price target on BTBT, reflecting a bullish medium‑term view despite near-term EPS changes. This keeps upside sentiment among some institutional investors. Read More.
• Positive Sentiment: Company materials and a recent video highlight 2025 results and a strategic pivot toward Ethereum and AI infrastructure, signaling a shift from pure Bitcoin mining to higher‑value crypto and infrastructure exposure. Read More.
• Neutral Sentiment: Bit Digital reduced the share of ETH allocated to staking in March to increase treasury flexibility — this improves liquidity and optionality but may reduce staking yields going forward. Investors are weighing liquidity benefits vs. lower recurring staking income. Read More.
• Neutral Sentiment: Northland Securities issued new 2026 EPS estimates (Q1/Q2 ~($0.04), FY ~$-0.09) — the forecast implies continued near-term losses but a path toward breakeven in later quarters, a mixed signal for earnings recovery. Read More.
• Negative Sentiment: HC Wainwright cut its FY2026 EPS estimate materially (from prior positive to ~$-0.09), which may have increased near-term selling pressure by reducing near-term profitability expectations. Read More.
• Negative Sentiment: Market commentary noted BTBT stock fell while broader markets were up, signaling stock‑specific weakness tied to the analyst revisions and staking allocation changes. Read More.

About Bit Digital

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.