Changpeng Zhao says 'WSJ article got the facts wrong' about Binance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 13 2025
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Zhao's Response to WSJ Article: Changpeng Zhao, the ex-CEO of Binance, refuted claims made by the Wall Street Journal regarding a supposed deal for a pardon, stating that he has had no discussions about any such deal with anyone.
Critique of Media and Political Climate: Zhao suggested that the article reflects ongoing negative sentiments towards crypto and an attack on the current President, implying that remnants of the previous administration's "war on crypto" are still influencing media narratives.
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
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 2.310
Low
5.00
Averages
5.70
High
7.00
Current: 2.310
Low
5.00
Averages
5.70
High
7.00
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.
