
BTBT Stock Forecast & Price Target
BTBT Analyst Ratings
Bulls say
Bit Digital Inc. has demonstrated significant revenue growth, reporting $30.5 million for 3Q25, reflecting a 20% sequential increase from $25.7 million in 2Q25, primarily driven by a surge in ETH staking rewards which rose to $2.9 million from $0.4 million in the previous quarter. The company also revised its financial estimates upward for FY26, projecting revenue of $252.1 million, an increase from an earlier estimate of $208.0 million, indicating strong confidence in future performance. With a strategic focus on accumulating digital assets and the capacity to enhance share value through innovative financial instruments, Bit Digital is well-positioned to benefit from the growing demand for Ethereum staking and continuing trends in digital asset mining.
Bears say
Bit Digital reported a decline in revenue for the June quarter, generating $25.7 million compared to $29.0 million year-over-year, primarily due to a decrease in Bitcoin mining activities despite a slight increase from the previous quarter owing to cloud and co-location services. The company is expected to reduce its bitcoin mining operational capacity significantly, anticipating a decrease in its hash rate to 600 PH/s by the end of 2026, compounded by plans to decommission older rigs as mining economics worsen. Additionally, Bit Digital's high market cap-to-sales ratio, projected at approximately 18.7x against its reduced FY26 sales estimate of $121.0 million, raises concerns regarding valuation compared to its industry peers.
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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