Northland Capmk Decreases Earnings Estimates for Bit Digital

Bit Digital, Inc. (NASDAQ:BTBT) – Northland Capmk cut their Q2 2025 earnings per share estimates for Bit Digital in a report issued on Wednesday, October 16th. Northland Capmk analyst M. Grondahl now anticipates that the company will earn $0.00 per share for the quarter, down from their previous forecast 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 posted its earnings results on Monday, August 19th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. Bit Digital had a negative return on equity of 1.48% and a net margin of 33.30%. The business had revenue of $28.95 million during the quarter, compared to analyst estimates of $26.63 million.

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

Bit Digital Trading Up 4.4 %

Shares of NASDAQ:BTBT opened at $4.05 on Friday. The company has a 50 day moving average of $3.22 and a 200 day moving average of $2.94. The stock has a market cap of $334.06 million, a P/E ratio of 13.50 and a beta of 4.79. Bit Digital has a 12 month low of $1.76 and a 12 month high of $5.27.

Hedge Funds Weigh In On Bit Digital

Hedge funds and other institutional investors have recently modified their holdings of the company. Creative Planning purchased a new stake in Bit Digital during the 3rd quarter valued at about $37,000. SG Americas Securities LLC raised its holdings in Bit Digital by 96.3% during the 3rd quarter. SG Americas Securities LLC now owns 41,609 shares of the company’s stock valued at $146,000 after buying an additional 20,413 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in 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 acquiring an additional 13,170 shares during the last quarter. Millennium Management LLC increased its holdings in Bit Digital by 66.6% during the 2nd quarter. Millennium Management LLC now owns 2,586,392 shares of the company’s stock valued at $8,225,000 after purchasing an additional 1,033,767 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Bit Digital by 284.4% during the second quarter. AQR Capital Management LLC now owns 139,836 shares of the company’s stock valued at $445,000 after buying an additional 103,458 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, 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.