BIT DIGITAL INC (BTBT)
Information Technology · Digital asset management / AI infrastructure · NASDAQ
A strategic asset company focused on accumulating ETH for treasury/staking and developing AI/HPC infrastructure through its majority stake in WhiteFiber.
What BIT DIGITAL INC does
Bit Digital is a strategic asset company that operates through two primary segments: Ethereum-native treasury and staking strategies, and high-performance computing (HPC) infrastructure. Through its majority equity stake in WhiteFiber Inc., the company provides AI-focused cloud services and owns, operates, and develops Tier-3 data centers for hosting and colocation. The company is actively transitioning its digital asset portfolio to focus on ETH treasury, staking, and network participation while winding down its legacy bitcoin mining operations.
Recent developments
In Q2 2026, the company achieved total revenue of $32.1 million, a 15% increase sequentially, driven by growth in its AI cloud services. It successfully collateralized 49,000 LsETH to fund the development of the WhiteFiber NC-1 data center campus, continuing its strategic shift toward ETH-backed AI infrastructure.
From BIT DIGITAL INC's filing of 2026-08-13.
Themes: Ethereum / ETH staking, AI infrastructure, HPC / cloud services, data centers, generative AI, digital asset treasury
Fundamentals
- Price$1.36 as of 2026-10-08 close
- Market cap$490M as of 2026-08-10 (share count; price 2026-10-08)
- 1-year return-66.3% 2025-10-08 close $4.04 → 2026-10-08 close $1.36
- P/En/a negative earnings
- Net margin-70.7% FY2025, SEC XBRL
- ROE-9.3% FY2025, SEC XBRL
- Debt / equity0.71 as of 2026-09-03
- Revenue growth (YoY)+13.1% as of 2026-09-03
- Revenue CAGR (3y)+52.1% SEC XBRL
- Beta2.32 as of 2026-09-03
- Last reported earnings2026-08-13 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +0.2%; pays a dividend.
How BTBT compares in its sector
- net profit marginbottom 25% 380 covered Information Technology peers, as of 2026-09-03
- operating marginbottom 25% 375 covered Information Technology peers, as of 2026-09-03
- return on equitybottom 25% 370 covered Information Technology peers, as of 2026-09-03
- 3-year revenue CAGRtop 10% 385 covered Information Technology peers
- indicated dividend yieldbottom 25% 108 covered Information Technology peers, as of 2026-09-03
- free cash flow (absolute dollars, latest fiscal year)bottom 10% 382 covered Information Technology peers, as of FY2025
Position among covered Information Technology companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage (FY2025)
Not assessable from available data. BTBT paid a dividend in FY2025, but coverage cannot be assessed from the available data (non_positive_net_income, non_positive_free_cash_flow).
- Earnings payoutnot assessable earnings were not positive that year
- Free-cash-flow payoutnot assessable free cash flow was not positive that year
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How BIT DIGITAL INC looks technically
BIT DIGITAL INC (BTBT) is trading 21.3% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 190 trading days ago — a "death cross", a bearish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 14, below the 25 that marks a real trend), though sellers have been pushing harder than buyers lately — pressure, not a trend. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 36, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 7 trading days ago (its momentum flipped negative). It just made a new 20-day low, its first since 2026-09-01, breaking below its recent trading range. It is 70.1% below its highest point of the past year.
Trend
8
| Distance from the 200-day | it is trading 21.3% below its 200-day average, the long-term trend line — a long-term downtrend | -21.3% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $1.54 | $1.54 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $1.73 | $1.73 |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing high 17 calendar days ago — the swings before that are what the structure reading is measured on | 17 sessions |
| Wave structure | its recent swings can be read as a completed three-part upward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes above 1.88. It is the only labelling that fits, and it describes the swings already printed, not what comes next. | possible three-wave upward correction, complete |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 190 trading days ago — a "death cross", a bearish long-term signal | 190 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 14, below the 25 that marks a real trend), though sellers have been pushing harder than buyers lately — pressure, not a trend | 14.4 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 36, neither overbought (above 70) nor oversold (below 30) | 35.7 |
|---|---|---|
| Position in its 14-day range | it is trading near the bottom of its 14-day range ($1.31 to $1.88) — its "stochastic" reading is 9 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 8.6 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 7 trading days ago (its momentum flipped negative) | 7 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $4.55 | $4.55 |
|---|---|---|
| From the 52-week high | it is 70.1% below its 52-week high (its highest price of the past year) | -70.1% |
| Above the 52-week low | it is 15.3% above its 52-week low (its lowest price of the past year) | +15.3% |
| Below the 52-week high | it is 70.1% below its highest point of the past year | 70.1% |
| Since a 20-day breakout | it just made a new 20-day low, its first since 2026-09-01, breaking below its recent trading range | 1 session |
| Since a 55-day breakout | it made a new 55-day high about 13 trading days ago | 13 sessions |
| All-time high | its highest closing price on record is $33.00 (set on 2021-01-04) | $33.00 |
| Given back of the 52-week move | over the past year its closes ranged ($1.21 to $4.22), and it has recovered only a small part of its fall from last year’s high — 5% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $3.07 to $3.17. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 5.0% |
| From the all-time high | it is 95.9% below its all-time high | -95.9% |
| Nearest price level | it is trading 4.4% below a resistance level at $1.42 — a price it turned at twice since 2026-04-29, most recently on 2026-09-16. Since 2024-10-08 it has 0 such levels below the current price and 12 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +4.4% |
| All-time low | its lowest closing price on record is $0.28 (set on 2020-03-25) | $0.28 |
| Above the all-time low | it is 385.7% above its all-time low | +385.7% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 60th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.1208 between its high and its low — about 8.9% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.1208 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $1.34 and $1.89 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $1.34 – $1.62 – $1.89 |
| Typical daily range (% of price) | its price moves about 8.9% in a typical session — among the most volatile in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 8.9% |
| Stretch from the 200-day average | it is trading 3.1 daily ranges below its 200-day average price (21.3% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 3.1 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.65× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Price gaps
3
| Gap at the open | it opened on 2026-10-08 1.4% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and had not traded back through that level by the close | -1.4% |
|---|---|---|
| Open gap | it gapped 4.5% below the previous close 1 session ago and has not traded back through the level it left behind at 1.52 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | -4.5% |
| Gap filled | a 4.6% gap up opened on 2026-10-02 has been "filled" 4 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 4 sessions ago |
Price streaks
1
| Closing streak | it has closed lower 4 sessions in a row, a -16.56% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session | 4 sessions down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 21.0 percentage points (the stock lost 20.0% while the market gained 1.0%) | -21.0% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 22.4 percentage points (the stock lost 18.6% while the market gained 3.8%) | -22.4% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 17.5 percentage points (the stock gained 0.0% while the market gained 17.5%) | -17.4% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 81.3 percentage points (the stock lost 66.3% while the market gained 15.0%) | -81.3% |
Signal agreement
2
| Bullish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bullish state: near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast | 1 of 9 |
|---|---|---|
| Bearish technical signals | 6 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, a fresh 20-day low, MACD momentum is negative, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 6 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 9.2% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thick, spanning 21.1% of the share price, which is taken to mean a barrier that has held for a while and takes effort to cross. | -9.2% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 22% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $1.75 — a volume-weighted average of daily closes over 188 sessions, not a true tick-by-tick VWAP. | -22.4% |
|---|---|---|
| Vs the average paid since it last reported | the price is 14% below the average price paid since it last reported on 2026-08-13 (its 10-Q), so the typical buyer over that stretch is under water. That average is $1.58 — a volume-weighted average of daily closes over 40 sessions, not a true tick-by-tick VWAP. | -14.2% |
Price levels it has turned at before
BTBT last closed at $1.36 on 2026-10-08. Since 2024-10-08 it has turned at 0 prices below its last close and 12 above; the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $1.42 | Resistance | 4.4% above the last close | turned there twice · 2026-04-29 to 2026-09-16 |
| $1.58 | Resistance | 16.2% above the last close | turned there twice · 2026-02-19 to 2026-06-05 |
| $1.75 | Resistance | 28.6% above the last close | turned there four times · 2026-04-22 to 2026-09-08 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a three-part upward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes above $1.88.
It is the only labelling that fits these swings, though its proportions are not the textbook ones.
This reading has stood for 9 trading days, since 2026-09-28.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Pulled back from the 12-month high · Broke down to a new 20-day low · trendless / choppy (low ADX) · lagging the market · Most volatile (6%+ typical daily range) | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingStrong Buy (1.00 mean, 1=Strong Buy…5=Strong Sell) — 5 analysts
- Mean price target$3.63 range $3.50 – $4.00; median $3.50
Analyst estimates, as of 2026-10-07. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Key risks (from latest filing)
["Exposure to volatile cryptocurrency market conditions and ETH price fluctuations.","Regulatory and operational risks associated with legacy international operations and changing government policies.","High dependence on the performance and capital requirements of its majority-owned subsidiary, WhiteFiber."]
What changed in the latest 10-Q
AI-assisted comparison of BTBT's 10-Q filed 2026-08-13 against the prior one filed 2026-05-15.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing (2026-08-13) references the Quarterly Report on Form 10-Q for the period ended June 30, 2026; older filing (2026-05-15) references the period ended March 31, 2026.
- Newer filing (2026-08-13) states WhiteFiber intends to achieve an estimated 70 MW (gross) of total data center capacity by the end of the fourth quarter of 2026.
- Newer filing (2026-08-13) states 'As of June 30, 2026' for the pipeline of potential data center projects representing approximately 1,500 MW (gross) under management review.
- Newer filing (2026-08-13) includes page number 55; older filing (2026-05-15) includes page number 48.
- Removed:
- Older filing (2026-05-15) states WhiteFiber intends to achieve an estimated 76 MW (gross) of total data center capacity by the end of the fourth quarter of 2026.
- Older filing (2026-05-15) states 'As of March 31, 2026' for the pipeline of potential data center projects representing approximately 1,500 MW (gross) under management review.
- Reworded:
- Changed 'intend to achieve' (older, 2026-05-15) to 'intends to achieve' (newer, 2026-08-13) regarding the estimated total data center capacity target.
- Changed the estimated total data center capacity target from 76 MW (older, 2026-05-15) to 70 MW (newer, 2026-08-13).
- Changed the as-of date for the pipeline statement from March 31, 2026 (older) to June 30, 2026 (newer).
- Notes:
- The newer filing text is truncated at 'The MTL-3 facility spans approximately 202,000 square f' and the older filing text is truncated at 'The MTL-3 facility spans approximately 202,000 square', so changes after that point cannot be assessed.
Risk Factors
- Added:
- Newer filing (2026-08-13) adds a subsection titled '10b5-1 Trading Arrangements' under Item 5, stating that during the three months ended June 30, 2026, no director or officer adopted or terminated a Rule 10b5-1 or non-Rule 10b5-1 trading arrangement.
- Newer filing (2026-08-13) adds a subsection titled 'Syndicated RBC Credit Facility Agreement executed on July 6, 2026' under Item 5, describing a syndicated credit agreement entered into by WhiteFiber's subsidiary Enovum Data Center Corp. on July 6, 2026.
- Newer filing (2026-08-13) adds Exhibit 3.2 for Amended and Restated Memorandum of Association adopted July 29, 2026.
- Newer filing (2026-08-13) adds Exhibit 10.1 for Master Digital Currency Loan Agreement dated March 27, 2026.
- Newer filing (2026-08-13) adds Exhibit 10.2 for Delayed Draw Term Loan Facility and Security Agreement dated May 20, 2026.
- Newer filing (2026-08-13) adds Exhibit 10.3 for Syndicated Credit Facility Agreement dated July 6, 2026.
- Removed:
- Older filing (2026-05-15) contains under Item 5 a paragraph stating that during the three months ended March 31, 2026, no director or officer adopted or terminated a Rule 10b5-1 or non-Rule 10b5-1 trading arrangement.
- Older filing (2026-05-15) contains under Item 5 a paragraph describing the adoption of an Amended and Restated Insider Trading Policy on May 13, 2026.
- Older filing (2026-05-15) includes Exhibit 19.1 for Insider Trading Policy.
- Reworded:
- The permission of the opening paragraph from 'Except as set forth below, there have been no material changes from risk factors as previously disclosed in the Company's Annual Report...' is identical in both filings except for formatting/line-break differences.
- The PRC risk factor note beginning 'Please note in considering the Risk Factors...' appears substantively identical in both filings except for formatting/line-break differences.
- The Red Sea/Strait of Hormuz risk factor note beginning 'Please note the following in considering the risk factor...' appears substantively identical in both filings except for formatting/line-break differences.
- The period reference in the Rule 10b5-1 trading arrangement disclosure changed from 'three months ended March 31, 2026' in the older filing to 'three months ended June 30, 2026' in the newer filing.
- The newer filing adds a section number heading '10b5-1 Trading Arrangements' before the Rule 10b5-1 disclosure, whereas the older filing did not have that heading.
- Notes:
- The newer filing excerpt includes Items 2 through 6 content beyond the Risk Factors section, so some differences (e.g., exhibits, Item 5) are outside the strict Risk Factors section but were included in the provided texts.
- The older filing excerpt ends with financial statement-related text about DFA and Nine Blocks that appears unrelated to Risk Factors and may be truncated or from a different section.
- The newer filing excerpt's trailing text appears truncated ('...XBRL information is furnishe').
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales recorded in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
Most recent open-market transaction: 2025-11-21. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about BTBT's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Short interest (FINRA)
BTBT had 55,799,102 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
BTBT had 15.5% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 1.87 days to cover at the same settlement.
- Reported short interest (shares) 55,799,102
- Short interest (% of shares outstanding) 15.5%
- Prior settlement (shares) 67,817,506
- Reported change -17.72%
- Days to cover (reported) 1.87
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Marathon Digital Holdings (MARA)
- Riot Platforms (RIOT)
- Core Scientific (CORZ)
- Cipher Mining (CIFR)
- Iris Energy (IREN)
- Hut 8 (HUT)
- CleanSpark (CLSK)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does BIT DIGITAL INC (BTBT) do?
Bit Digital is a strategic asset company that operates through two primary segments: Ethereum-native treasury and staking strategies, and high-performance computing (HPC) infrastructure. Through its majority equity stake in WhiteFiber Inc., the company provides AI-focused cloud services and owns, operates, and develops Tier-3 data centers for hosting and colocation.
What sector is BIT DIGITAL INC (BTBT) in?
BIT DIGITAL INC (BTBT) is classified in the Information Technology sector. Its industry is Digital asset management / AI infrastructure. It trades on NASDAQ.
Does BTBT pay a dividend?
Yes — BIT DIGITAL INC (BTBT) pays a dividend, with an indicated yield of about 0.15% (market data, as of 2026-09-03). Informational only — not financial advice.
Who are BIT DIGITAL INC's (BTBT) competitors?
Notable peers of BIT DIGITAL INC (BTBT) include Marathon Digital Holdings, Riot Platforms, Core Scientific, Cipher Mining and Iris Energy. This peer set is informational only — not financial advice.
Is BIT DIGITAL INC (BTBT) overbought or oversold right now?
BIT DIGITAL INC (BTBT) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 36, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on BTBT come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.