Bit Digital (BTBT) Expected to Announce Quarterly Earnings on Thursday

Bit Digital (NASDAQ:BTBT) is anticipated to release its Q1 2026 results before the market opens on Thursday, May 14th. Analysts expect Bit Digital to post earnings of ($0.04) per share and revenue of $25.7290 million for the quarter. Interested persons may review the information on the company’s upcoming Q1 2026 earning report for the latest details on the call scheduled for Friday, May 15, 2026 at 10:00 AM ET.

Bit Digital (NASDAQ:BTBT) last posted its quarterly earnings results on Friday, March 27th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Bit Digital had a negative return on equity of 5.39% and a negative net margin of 70.70%.The company had revenue of $32.34 million for the quarter, compared to analysts’ expectations of $31.87 million. On average, analysts expect Bit Digital to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Bit Digital Stock Up 7.8%

NASDAQ BTBT opened at $1.93 on Thursday. Bit Digital has a 52 week low of $1.25 and a 52 week high of $4.55. The company has a quick ratio of 6.39, a current ratio of 6.39 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $1.56 and its 200-day simple moving average is $2.10. The firm has a market cap of $630.30 million, a PE ratio of -3.51 and a beta of 3.95.

Analyst Ratings Changes

Several research firms have recently commented on BTBT. Weiss Ratings lowered Bit Digital from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, March 30th. HC Wainwright restated a “buy” rating and issued a $7.00 price objective on shares of Bit Digital in a report on Thursday, April 2nd. Zacks Research lowered shares of Bit Digital from a “hold” rating to a “strong sell” rating in a report on Monday, April 6th. B. Riley Financial reduced their price objective on shares of Bit Digital from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Finally, Wall Street Zen lowered shares of Bit Digital from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Two analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.67.

Institutional Trading of Bit Digital

A number of institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp increased its stake in Bit Digital by 40.3% during the fourth 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 period. Invesco Ltd. increased its stake in Bit Digital by 18.0% during the fourth quarter. Invesco Ltd. now owns 10,492,680 shares of the company’s stock worth $19,831,000 after purchasing an additional 1,604,011 shares during the period. Geode Capital Management LLC increased its stake in Bit Digital by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 9,347,321 shares of the company’s stock worth $17,669,000 after purchasing an additional 403,097 shares during the period. Vanguard Group Inc. increased its stake in Bit Digital by 549.2% during the third quarter. Vanguard Group Inc. now owns 7,330,673 shares of the company’s stock worth $21,992,000 after purchasing an additional 6,201,477 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Bit Digital by 21.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,123,173 shares of the company’s stock worth $13,463,000 after purchasing an additional 1,260,686 shares during the period. 47.70% of the stock is currently owned by hedge funds and other institutional investors.

About Bit Digital

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.