Northland Capmk Has Negative View of Bit Digital Q2 Earnings

Bit Digital, Inc. (NASDAQ:BTBT) – Northland Capmk lowered their Q2 2025 earnings per share estimates for Bit Digital in a research report issued on Wednesday, October 16th. Northland Capmk analyst M. Grondahl now forecasts that the company will post earnings per share of $0.00 for the quarter, down from their prior estimate of $0.02. The consensus estimate for Bit Digital’s current full-year earnings is ($0.02) per share. Northland Capmk also issued estimates for Bit Digital’s Q3 2025 earnings at $0.01 EPS, Q4 2025 earnings at $0.01 EPS and FY2025 earnings at $0.03 EPS.

Bit Digital (NASDAQ:BTBT) last issued its quarterly earnings data on Monday, August 19th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.02. The firm had revenue of $28.95 million during the quarter, compared to the consensus estimate of $26.63 million. Bit Digital had a negative return on equity of 1.48% and a net margin of 33.30%.

Separately, HC Wainwright upped their target price on shares of Bit Digital from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Wednesday.

Bit Digital Trading Up 4.4 %

NASDAQ BTBT opened at $4.05 on Friday. The business has a fifty day simple moving average of $3.22 and a 200 day simple moving average of $2.94. Bit Digital has a 12 month low of $1.76 and a 12 month high of $5.27. The firm has a market capitalization of $334.06 million, a P/E ratio of 13.50 and a beta of 4.79.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. raised its stake in shares of Bit Digital by 39.3% during the 2nd quarter. Victory Capital Management Inc. now owns 15,522 shares of the company’s stock worth $49,000 after purchasing an additional 4,380 shares during the period. Creative Planning bought a new stake in Bit Digital in the third quarter worth about $37,000. Bleakley Financial Group LLC purchased a new stake in shares of Bit Digital during the 1st quarter worth approximately $33,000. Thoroughbred Financial Services LLC bought a new stake in shares of Bit Digital in the 2nd quarter worth approximately $38,000. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Bit Digital by 42.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 44,219 shares of the company’s stock worth $141,000 after purchasing an additional 13,170 shares during the period. Hedge funds and other institutional investors own 47.70% of the company’s stock.

About Bit Digital

Bit Digital, Inc, together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications.