
BTBT Stock Forecast & Price Target
BTBT Analyst Ratings
Bulls say
Bit Digital Inc. demonstrated a solid financial performance in 3Q25, with revenue increasing to $30.5 million, representing a 20% sequential growth from $25.7 million in the previous quarter, largely supported by a substantial increase in ETH staking rewards to $2.9 million. The forecasts for FY26 have been revised upward to $252.1 million, reflecting continued confidence in the company's revenue generation capabilities, particularly through its digital asset mining and ETH staking activities. Additionally, the potential for steady revenue growth is underscored by the company's strategic investments and the expected doubling of Ethereum staking revenue, which suggests a positive trajectory for its financial performance moving forward.
Bears say
Bit Digital's June quarter revenue of $25.7 million reflects a decline from $29.0 million year-over-year, primarily due to a managed decrease in mining operations, despite a slight increase from the previous quarter driven by cloud and HPC co-location services. The company's bitcoin mining capacity is projected to diminish significantly, with expectations of reducing the fleet from 1.9 Eh/s to 1.2 Eh/s by mid-2024, compounded by a forecasted halving of mining-related revenue in 2026. This decline in operational capacity and revenue growth places significant pressure on the company's financial health and raises concerns regarding its valuation metrics, as reflected in the high market cap-to-sales ratio when compared to its peers in the hybrid HPC-crypto sector.
This aggregate rating is based on analysts' research of Bit Digital, Inc and is not a guaranteed prediction by Public.com or investment advice.
BTBT Analyst Forecast & Price Prediction
Start investing in BTBT
Order type
Buy in
Order amount
Est. shares
0 shares