Financial Performance: Bit Digital Inc reported a total revenue of $25.7 million for Q2 2025, with significant declines in digital asset mining revenue but growth in cloud services; the company remains debt-free with strong liquidity of approximately $273 million.
Strategic Shift: The company is transitioning to focus on Ethereum treasury and staking, having significantly increased its ETH holdings while winding down its Bitcoin mining operations, and plans to actively market its new strategy post-IPO of WhiteFiber.
BTBT
$2.07+Infinity%1D
Analyst Views on BTBT
Wall Street analysts forecast BTBT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BTBT is 5.70 USD with a low forecast of 5.00 USD and a high forecast of 7.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
Wall Street analysts forecast BTBT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BTBT is 5.70 USD with a low forecast of 5.00 USD and a high forecast of 7.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 2.250
Low
5.00
Averages
5.70
High
7.00
Current: 2.250
Low
5.00
Averages
5.70
High
7.00
Northland
Outperform -> NULL
downgrade
$6 -> $5
2025-11-17
Reason
Northland
Price Target
$6 -> $5
2025-11-17
downgrade
Outperform -> NULL
Reason
Northland lowered the firm's price target on Bit Digital to $5 from $6 and keeps an Outperform rating on the shares following the company's Q3 report, noting that adjusted EBITDA was impacted by a $146M mark-to-market gain on digital assets.
HC Wainwright & Co.
Kevin Dede
Strong Buy
Reiterates
$7
2025-04-21
Reason
HC Wainwright & Co.
Kevin Dede
Price Target
$7
2025-04-21
Reiterates
Strong Buy
Reason
HC Wainwright & Co.
Kevin Dede
Strong Buy
Reiterates
$7
2025-03-17
Reason
HC Wainwright & Co.
Kevin Dede
Price Target
$7
2025-03-17
Reiterates
Strong Buy
Reason
Craig-Hallum
George Sutton
Strong Buy
Initiates
$6
2025-01-21
Reason
Craig-Hallum
George Sutton
Price Target
$6
2025-01-21
Initiates
Strong Buy
Reason
Craig-Hallum analyst George Sutton initiated coverage of Bit Digital with a Buy rating and $6 price target.
About BTBT
Bit Digital, Inc. is a global platform for high performance computing (HPC) infrastructure and digital asset production company. The Company is a provider of HPC data centers and cloud-based HPC graphics processing units (GPU) services, which term cloud services, for customers such as artificial intelligence (AI) and machine learning (ML) developers. The Company designs, develops, and operates HPC data centers, through which it offers hosting and colocation services. The Company has four reportable segments: Digital asset mining, Cloud services, Colocation services, and ETH Staking. The Digital asset mining segment is engaged in bitcoin and mining activities. The Cloud services segment provides HPC services to support generative AI workstreams. The Colocation services segment provide customers with physical space, power and cooling within the data center facility. The ETH staking segment is engaged in both native staking and liquid staking.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
