BTBT Stock Forecast & Price Target

Bit Digital Inc. has demonstrated a strong financial performance with 3Q25 revenue increasing to $30.5 million, reflecting a 20% sequential growth from $25.7 million in 2Q25, primarily driven by a significant rise in Ethereum staking rewards. The company has revised its revenue estimates upward, projecting FY26 revenues of $252.1 million, a notable increase from previous estimates of $208.0 million, alongside an updated FY25 estimate of $112.6 million. Additionally, Bit Digital's strategic positioning, including its public company status and innovative use of financial instruments, supports a favorable outlook for continued revenue growth, particularly in its ETH staking segment, which is expected to drive substantial gains in the coming periods.

Bit Digital Inc's reported revenue of $25.7 million for the June quarter represents a decline from $29.0 million year-over-year, mainly due to a managed reduction in mining activities, despite a modest quarterly increase from the previous quarter. The company's bitcoin mining operation is anticipated to contract significantly, with projections showing its operational hash rate decreasing from 1.9 Eh/s at the end of September to 1.2 Eh/s by mid-year next year, reflecting a shrinking mining fleet and challenges in upgrading equipment. Furthermore, despite the deployment of new machines, the forecast suggests an overall decline in mining-related revenue, exacerbated by the industry's economic pressures and the expected diminishing efficiency of older rigs.