
BTBT Stock Forecast & Price Target
BTBT Analyst Ratings
Bulls say
Bit Digital Inc. is expected to experience consistent revenue growth and margin expansion driven primarily by its digital asset mining segment, which remains the major source of revenue. The company's WhiteFiber cloud and colocation business is projected to deliver $107 million in revenue by 2026, offering stable cash flow and higher margins which could enhance the overall value of Bit Digital's holdings. Additionally, the upcoming energization of 40MW at the Madison, NC site, leading to a network total of 56MW, enhances the company's operational capacity and growth prospects in the evolving digital asset ecosystem.
Bears say
Bit Digital Inc. has experienced a notable decline in revenue for the June quarter, reporting $25.7 million, down from $29.0 million year-over-year, primarily due to a managed decline in mining activities. Despite a slight increase of 2% from the previous quarter, the company faces challenges with the projected revenue for FY26 estimated at only $121.0 million, which suggests that the current market cap-to-sales ratio of 18.7x may be unsustainable when compared to similarly positioned companies. Additionally, the anticipated decrease in the network hash rate, expected to decline from 1.6 Eh/s to 600 Ph/s by year-end 2026, raises concerns about the company's operational efficiency and competitiveness in a volatile market.
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
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