Bit Digital, Inc. (BTBT) Stock

Bit Digital, Inc. (BTBT) is a Financials stock trading at $1.58 (as of 2026-08-20), with a market capitalization of $569.80M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities. The company was formerly known as Golden Bull Limited and changed its name to Bit Digital, Inc. in September 2020. Bit Digital, Inc. was incorporated in 2017 and is headquartered in New York, New York.

Understand Bit Digital, Inc.: how it makes money

Bit Digital mines bitcoin (and has related activities), and it also earns revenue from services such as cloud, crowd, and high-performance computing, plus other digital asset and treasury-related activities.

The profit model is structurally tied to bitcoin mining economics, output (Bitcoin Mined) driven by the mining fleet (hash rate and efficiency), and offset by tracked cost drivers such as Electricity Price Per Bitcoin, with smaller incremental revenue from cloud, crowd, and high-performance computing services.

Revenue by segment (latest quarter)
Cloud$0.0B
Crowd$0.0B
BitcoinMine$0.0B
HPC$0.0B

Business quality (Weak): Latest-quarter figures show essentially no reported total revenue (0.0B) alongside a very large negative operating margin (-511.8%), so investors should focus on the operating KPIs that explain mining output and cost conditions.

Bull case

  • Mining output is explicitly tracked: The latest quarter reports Bitcoin Mined of 65.0 (count), which gives investors a direct operating view of mining activity.
  • Revenue appears diversified across multiple service lines: Segment revenue candidates include Cloud Services, Crowd Services, Bitcoin Mining Revenue, and High-Performance Computing Services Revenue.

Bear case

  • Profits are deeply negative in the latest quarter: Operating margin for 2026-03-31 is -511.8%.
  • Reported revenue is shown as 0.0B: Total revenue is reported as 0.0B for 2026-03-31, while several segment revenue candidates are 0.0B, indicating limited or rounding-level contribution from those lines in this period.
Valuation — source: SEC EDGAR (first-party)
Price$1.58
Market Cap$569.80M
Price / Book1.07
Price / Sales4.81
FCF Yield-176.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$113.56M
Net Margin-70.7%
Revenue Growth (YoY)5.1%
EPS Growth (YoY)-255.0%
FCF Growth (YoY)437.3%
Financial Health — source: SEC EDGAR
Altman Z-Score1.14 (distress)
Valuation vs Sector & Industry
Sector P/E (Financials)15.1
Industry P/E (Banking)12.9
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderMETEORA CAPITAL, LLC ($229.63M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryBanking
CEOSamir Tabar
Employees54
CountryUS
IPO Date2018-03-20

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BTBT earnings history · BTBT institutional & insider holders · BTBT KPIs & operating metrics · BTBT financials · BTBT investor presentations & press releases · BTBT SEC filings · BTBT peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.