Q1 Earnings Forecast for Bit Digital Issued By HC Wainwright

Bit Digital, Inc. (NASDAQ:BTBT) – Analysts at HC Wainwright issued their Q1 2026 earnings per share estimates for Bit Digital in a research note issued on Thursday, April 2nd. HC Wainwright analyst K. Dede forecasts that the company will post earnings of ($0.03) per share for the quarter. HC Wainwright has a “Buy” rating and a $7.00 price objective on the stock. The consensus estimate for Bit Digital’s current full-year earnings is ($0.20) per share. HC Wainwright also issued estimates for Bit Digital’s Q2 2026 earnings at ($0.03) EPS, Q3 2026 earnings at ($0.02) EPS, Q4 2026 earnings at ($0.01) EPS and FY2026 earnings at ($0.09) EPS.

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

Bit Digital Price Performance

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

Bit Digital (NASDAQ:BTBT) last posted 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 net margin of 70.70% and a negative return on equity of 5.39%. The firm had revenue of $32.34 million for the quarter, compared to analysts’ expectations of $31.87 million.

Institutional Investors Weigh In On Bit Digital

Several institutional investors and hedge funds have recently modified their holdings of BTBT. Vanguard Group Inc. boosted 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 buying an additional 6,201,477 shares during the period. Balyasny Asset Management L.P. purchased a new position in Bit Digital in the second quarter valued at about $10,385,000. Valiant Capital Management L.P. purchased a new position in Bit Digital in the second quarter valued at about $8,760,000. Renaissance Technologies LLC acquired a new stake in Bit Digital during the 4th quarter valued at approximately $6,476,000. Finally, State Street Corp increased its holdings in Bit Digital by 40.3% during the 4th quarter. State Street Corp now owns 11,518,002 shares of the company’s stock worth $21,769,000 after purchasing an additional 3,307,076 shares during the last quarter. Hedge funds and other institutional investors own 47.70% of the company’s stock.

Bit Digital News Summary

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.

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.