Q3 EPS Estimates for Bit Digital Cut by Northland Securities

Posted by Geri Gentry on Aug 18th, 2026

Bit Digital, Inc. (NASDAQ:BTBT – Free Report) – Equities researchers at Northland Securities decreased their Q3 2026 earnings per share (EPS) estimates for shares of Bit Digital in a research note issued to investors on Thursday, August 13th. Northland Securities analyst M. Grondahl now anticipates that the company will earn ($0.05) per share for the quarter, down from their prior forecast of ($0.02). The consensus estimate for Bit Digital’s current full-year earnings is ($0.56) per share. Northland Securities also issued estimates for Bit Digital’s Q4 2026 earnings at ($0.02) EPS.

Other analysts also recently issued reports about the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bit Digital in a research report on Thursday. Zacks Research upgraded shares of Bit Digital from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. B. Riley Financial reaffirmed a “buy” rating on shares of Bit Digital in a research note on Monday, May 18th. Finally, Craig Hallum reiterated a “buy” rating and issued a $3.50 target price on shares of Bit Digital in a report on Tuesday, July 14th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $5.12.

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Bit Digital Price Performance

Shares of BTBT opened at $1.60 on Monday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.69. Bit Digital has a 1 year low of $1.18 and a 1 year high of $4.55. The stock has a market cap of $577.01 million, a P/E ratio of -1.51 and a beta of 4.02. The stock’s 50-day moving average price is $1.64 and its two-hundred day moving average price is $1.68.

Bit Digital (NASDAQ:BTBT – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $32.11 million for the quarter, compared to analyst estimates of $23.58 million.

Institutional Investors Weigh In On Bit Digital

Large investors have recently modified their holdings of the business. American Century Companies Inc. raised its position in shares of Bit Digital by 2.4% during the second quarter. American Century Companies Inc. now owns 183,463 shares of the company’s stock worth $402,000 after purchasing an additional 4,374 shares during the period. Legal & General Group Plc grew its position in shares of Bit Digital by 60.2% in the 2nd quarter. Legal & General Group Plc now owns 16,508 shares of the company’s stock valued at $36,000 after purchasing an additional 6,206 shares during the period. Mackenzie Financial Corp grew its position in shares of Bit Digital by 75.4% in the 4th quarter. Mackenzie Financial Corp now owns 20,073 shares of the company’s stock valued at $39,000 after purchasing an additional 8,630 shares during the period. BNP Paribas Financial Markets increased its stake in Bit Digital by 99.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 19,992 shares of the company’s stock worth $44,000 after purchasing an additional 9,946 shares in the last quarter. Finally, Swiss National Bank increased its stake in Bit Digital by 1.7% during the 4th quarter. Swiss National Bank now owns 630,200 shares of the company’s stock worth $1,191,000 after purchasing an additional 10,500 shares in the last quarter. 47.70% of the stock is currently owned by institutional investors.

Bit Digital Company Profile

(Get Free Report)

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.