Bit Digital, Inc. (NASDAQ:BTBT) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Posted by George Bondi on Oct 22nd, 2026

Shares of Bit Digital, Inc. (NASDAQ:BTBT – Get Free Report) have received an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $4.38.

A number of analysts recently commented on the company. Zacks Research raised Bit Digital from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. JonesTrading raised Bit Digital to a “strong-buy” rating in a research report on Saturday, September 26th. HC Wainwright assumed coverage on Bit Digital in a research report on Tuesday, September 8th. They issued a “buy” rating and a $4.00 price objective on the stock. Craig Hallum restated a “buy” rating and issued a $3.50 price objective on shares of Bit Digital in a research note on Tuesday, July 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bit Digital in a research report on Thursday, August 13th.

View Our Latest Stock Analysis on BTBT

Bit Digital Stock Up 4.7%

BTBT opened at $0.94 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.51 and a quick ratio of 1.51. The company’s 50-day moving average is $1.49 and its 200 day moving average is $1.62. Bit Digital has a fifty-two week low of $0.85 and a fifty-two week high of $4.08. The firm has a market capitalization of $339.71 million, a P/E ratio of -0.89 and a beta of 3.84.

Bit Digital (NASDAQ:BTBT – Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.26). Bit Digital had a negative return on equity of 10.66% and a negative net margin of 237.19%. The firm had revenue of $32.11 million for the quarter, compared to the consensus estimate of $23.58 million. Research analysts expect that Bit Digital will post -0.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BTBT. Renaissance Technologies LLC boosted its position in Bit Digital by 114.8% during the first quarter. Renaissance Technologies LLC now owns 7,359,377 shares of the company’s stock worth $9,641,000 after purchasing an additional 3,932,900 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Bit Digital in the first quarter worth about $8,004,000. Lazard Asset Management LLC increased its stake in shares of Bit Digital by 30.6% in the first quarter. Lazard Asset Management LLC now owns 1,780,543 shares of the company’s stock worth $2,333,000 after purchasing an additional 417,501 shares in the last quarter. Tidal Investments LLC increased its stake in shares of Bit Digital by 186.8% in the second quarter. Tidal Investments LLC now owns 1,758,186 shares of the company’s stock worth $3,165,000 after purchasing an additional 1,145,092 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Bit Digital by 164.0% in the first quarter. Bank of America Corp DE now owns 917,780 shares of the company’s stock valued at $1,202,000 after purchasing an additional 570,086 shares during the period. Hedge funds and other institutional investors own 47.70% of the company’s stock.

About Bit Digital

(Get Free Report)

Bit Digital, Inc is a digital asset infrastructure company that operates in cryptocurrency mining and blockchain technology services. The company’s primary activities include bitcoin mining and Ethereum staking, through which it seeks to earn digital assets by contributing computing power and validating transactions on applicable blockchain networks.

Bit Digital has emphasized the use of energy-efficient and environmentally responsible infrastructure for its mining operations. Its activities have included operations and hosting arrangements in North America and Iceland, supported by third-party data center and power providers.