
BTBT Stock Forecast & Price Target
BTBT Analyst Ratings
Bulls say
Bit Digital Inc. is positioned for a positive outlook primarily due to its continuous revenue growth and anticipated margin expansion in the near term, despite external market conditions affecting bitcoin mining profitability. The company is expected to generate approximately $107 million in top-line estimates from its WhiteFiber cloud and colocation services by 2026, reflecting stronger margins and cash flow stability that could enhance its valuation. Furthermore, the planned energization of an additional 40MW capacity at the Madison, NC site by mid-2026 indicates an ongoing commitment to scaling its operations and optimizing its infrastructure, which supports long-term growth potential.
Bears say
Bit Digital reported a revenue decrease to $25.7 million in the June quarter from $29.0 million year-over-year, primarily attributed to a managed decline in mining activities. Although there was a slight revenue increase of 2% from the prior quarter, the company faces challenging market conditions as it shifts its focus from digital asset mining, which remains its primary revenue source, to cloud and colocation services. Additionally, despite plans for future installations, the anticipated decline in hashrate from 1.6 Eh/s in 2025 to 600 Ph/s by year-end 2026 raises concerns about its operational sustainability and growth trajectory.
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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