Revenue Breakdown
Composition ()
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Revenue Streams
Bit Digital Inc (BTBT) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Cloud services, accounting for 64.7% of total sales, equivalent to $16.60M. Other significant revenue streams include Digital asset mining and Colocation services. Understanding this composition is critical for investors evaluating how BTBT navigates market cycles within the Blockchain & Cryptocurrency industry.
Profitability & Margins
Evaluating the bottom line, Bit Digital Inc maintains a gross margin of 28.53%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at -80.10%, while the net margin is 481.63%. These profitability ratios, combined with a Return on Equity (ROE) of 22.78%, provide a clear picture of how effectively BTBT converts its operational activities into shareholder value.
Comparative Benchmarking
In the context of the broader market, BTBT competes directly with industry leaders such as PRAA and HUYA. With a market capitalization of $710.47M, it holds a significant position in the sector. When comparing efficiency, BTBT's gross margin of 28.53% stands against PRAA's N/A and HUYA's 13.42%. Such benchmarking helps identify whether Bit Digital Inc is trading at a premium or discount relative to its financial performance.
