
BTBT Stock Forecast & Price Target
BTBT Analyst Ratings
Bulls say
Bit Digital demonstrated a robust financial performance in the third quarter of 2025, with revenue increasing to $30.5 million, representing a 20% sequential growth from the previous quarter. The company's substantial rise in Ethereum staking rewards, which surged to $2.9 million from $0.4 million, highlights a positive trend in its revenue diversification, bolstering confidence in future growth. Additionally, the revised revenue estimates for fiscal years 2025 and 2026, projected at $112.6 million and $252.1 million respectively, underscore the company's solid operational outlook and potential for increased profitability driven by enhanced staking activities and strategic financial maneuvers.
Bears say
Bit Digital reported a year-over-year revenue decline from $29.0 million to $25.7 million for the June quarter, primarily driven by a managed reduction in its mining operations, despite a slight revenue increase from cloud and colocation services. The company's bitcoin mining fleet is projected to shrink from 1.9 Eh/s at the end of September to 1.2 Eh/s by mid-2024, indicating a significant decrease in operational capacity and expected mining-related revenue halving by 2026. Furthermore, with a market cap-to-sales ratio of 18.7x based on a lowered fiscal year 2026 sales estimate of $121 million, Bit Digital's valuation appears elevated compared to its industry peers amidst its deteriorating operational metrics and outlook.
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
Start investing in BTBT
Order type
Buy in
Order amount
Est. shares
0 shares