BTBT · NASDAQ · Financial - Capital Markets

Bit Digital

Pairs an Ethereum treasury with majority ownership of WhiteFiber's AI/HPC platform.

$1.44
After-hours close+0.02 (+1.05%)
At close$1.43(−10.38%)
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Profile

Bit Digital, Inc.BTBTFinancials

Combines an Ethereum treasury and staking strategy with majority ownership of WhiteFiber, a separately listed AI/HPC platform. The parent company is winding down Bitcoin mining while continuing to consolidate WhiteFiber's cloud and data-center activities.

Combines Ethereum accumulation and staking with majority ownership of WhiteFiber, a separately listed AI/HPC platform. WhiteFiber develops cloud and data-center capabilities, including the Enovum Data Centers business acquired before its IPO. Its IPO made WhiteFiber separately traded while the parent retained majority ownership.

Bitcoin mining formed the earlier operating base but is being wound down; remaining work principally supports an orderly runoff of hosting agreements. The legacy PRC lending and China mining operations were exited years ago.

At the parent level, the current structure pairs an ETH-focused treasury and staking strategy with consolidated exposure to WhiteFiber. The company plans to maintain its long-term WhiteFiber ownership position.

Company facts

CEOSam Tabar
ListedMar 20, 2018
ExchangeNASDAQ
HeadquartersNew York, NY
CountryUnited States
Employees104
CIK0001710350
ISINKYG1144A1058

Key statistics

Market cap$499.3M
EPS (ttm)−$0.8700
P/E (ttm)−1.64
ROE-46.7%
P/B1.27
P/S4.06
Dividend yield
Beta3.53vs XLF −0.56

Year to date −30.1% · Average volume (30d) 28.8M

Analysts

Price target, next 12 months$3.50+144.8%Median of 2 analysts · vs the Aug 28 close
ConsensusBuy2 of 2 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionRatingTarget
Jul 14, 2026Craig-HallumReiterateBuy$3.50
Nov 17, 2025Northland SecuritiesTarget$5

Earnings

EPS

Estimate−$0.05
ReportedDue Nov 12, 2026

Revenue

Estimate$32.2M
ReportedDue Nov 12, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Aug 13, 2026Q2 FY26−$0.05−$0.31−588.9%$23.6M$32.1M+36.1%+2.05%
May 14, 2026Q1 FY26−$0.04−$0.45−1,025.0%$25.7M$27.9M+8.5%−15.02%
Mar 31, 2026Q4 FY25−$0.04−$0.53−1,225.0%$31.9M$32.3M+1.5%+5.34%
Nov 14, 2025Q3 FY25−$0.01−$0.05−400.0%$31.7M$30.0M−5.4%−4.56%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$25.1M$25.7M$30.5M$32.3M$27.9M$32.1M
Gross profit$5.1M$4.3M$8.7M$6.3M$5.8M$18.6M
Operating income−$3.2M−$15.4M−$24.4M−$13.6M−$21.8M−$15.0M
Net income−$57.7M$14.9M$150.9M−$188.4M−$146.7M−$107.2M
Diluted EPS−$0.32$0.07$0.47−$0.58−$0.45−$0.31
Gross margin20.2%16.6%28.5%19.5%20.7%57.9%
Operating margin-12.6%-60.1%-80.1%-42.1%-78.2%-46.7%

Fiscal years (4-quarter sums)FY21 $96.1M · FY22 $34.5M · FY23 $44.9M · FY24 $163.9M · FY25 $113.6M

Revenue by product · Q2 FY26

Other Member$307.0K · 100%

Revenue by geography · FY25

Iceland$69.2M · 61%
United States$27.3M · 24%
Canada$8.9M · 8%
Singapore$7.0M · 6%
Non-US$1.1M · 1%

Balance sheet, Jun 30, 2026Cash & short-term investments $84.0M · Total debt $430.3M · Total assets $1.24B · Shareholders' equity $395.2M

Dividends

No dividends on record.

Ownership

Institutions 54.28%189.54M sharesInsiders 1.80%6.28M sharesOther 43.92%153.37M shares

Shares outstanding 349.19M · Float 341.38M · 97.8% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Erke Huang62.67M15.20%13DAug 24, 2026
BlackRock, Inc.31.24M8.95%13FAug 7, 2026
State Street Corp13.45M3.85%13FAug 7, 2026
Geode Capital Management, LLC10.51M3.01%13FAug 12, 2026
Millennium Management LLC9.16M2.62%13FAug 14, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Nov 21, 2025Erke Huangdirector, officer: Chief Financial Officer−410,636$2.01
Nov 20, 2025Erke Huangdirector, officer: Chief Financial Officer−1,089,364$2.18
View details

Peers

  • CoreWeave

    AI-native GPU cloud and data centers for training and inference

  • Nebius

    Full-stack AI cloud for model training and production deployment

  • BitMine Immersion Technologies

    Largest listed ETH treasury with native validator staking

  • Applied Digital

    HPC/AI data centers and colocation for hyperscale workloads

  • Sharplink

    Corporate ETH treasury with near-full staking and restaking

CompareAfter-hours close

CompanyPriceChange
Bit Digital$1.44+1.05%$499.3M4.1+25.1%
CoreWeave$84.03−0.27%$45.95B6.1+112.3%
Nebius$208.64−0.26%$50.20B37.0+454.0%
BitMine Immersion Technologies$23.70−0.27%$13.56B58.0221.5+2,166.2%
Applied Digital$25.52+0.61%$7.29B12.7+580.7%
Sharplink$8.19−0.18%$1.62B196.932.2+1,553.3%
Median127.432.2+580.7%