Q4 EPS Estimates for Bit Digital Lowered by Noble Financial

Bit Digital, Inc. (NASDAQ:BTBT) – Equities researchers at Noble Financial lowered their Q4 2025 earnings estimates for shares of Bit Digital in a research note issued on Tuesday, March 18th. Noble Financial analyst J. Gomes now anticipates that the company will earn $0.03 per share for the quarter, down from their prior forecast of $0.08. The consensus estimate for Bit Digital’s current full-year earnings is ($0.20) per share.

Bit Digital (NASDAQ:BTBT) last issued its earnings results on Friday, March 14th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). The company had revenue of $26.10 million during the quarter, compared to the consensus estimate of $25.06 million. Bit Digital had a negative return on equity of 5.69% and a negative net margin of 2.75%. During the same quarter in the prior year, the company earned ($0.16) earnings per share.

A number of other equities analysts also recently commented on the stock. Craig Hallum began coverage on shares of Bit Digital in a research note on Tuesday, January 21st. They issued a “buy” rating and a $6.00 target price on the stock. HC Wainwright restated a “buy” rating and issued a $7.00 target price on shares of Bit Digital in a research note on Monday.

Bit Digital Price Performance

Shares of BTBT stock opened at $2.26 on Wednesday. The company has a market capitalization of $346.93 million, a P/E ratio of 37.67 and a beta of 5.13. The company’s 50-day simple moving average is $2.96 and its two-hundred day simple moving average is $3.44. Bit Digital has a one year low of $1.76 and a one year high of $5.74.

Hedge Funds Weigh In On Bit Digital

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Two Seas Capital LP boosted its stake in shares of Bit Digital by 60.6% during the fourth quarter. Two Seas Capital LP now owns 662,414 shares of the company’s stock valued at $1,941,000 after purchasing an additional 250,000 shares in the last quarter. Vident Advisory LLC boosted its stake in shares of Bit Digital by 56.2% during the fourth quarter. Vident Advisory LLC now owns 3,194,409 shares of the company’s stock valued at $9,360,000 after purchasing an additional 1,149,727 shares in the last quarter. Sherbrooke Park Advisers LLC lifted its position in Bit Digital by 113.2% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 38,457 shares of the company’s stock valued at $113,000 after acquiring an additional 20,418 shares during the last quarter. ProShare Advisors LLC lifted its position in Bit Digital by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 33,753 shares of the company’s stock valued at $99,000 after acquiring an additional 11,107 shares during the last quarter. Finally, Millennium Management LLC lifted its position in Bit Digital by 30.1% during the fourth quarter. Millennium Management LLC now owns 1,437,250 shares of the company’s stock valued at $4,211,000 after acquiring an additional 332,513 shares during the last quarter. 47.70% of the stock is currently owned by 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.