Q1 Earnings Estimate for Bit Digital Issued By HC Wainwright

Bit Digital, Inc. (NASDAQ:BTBT) – Investment analysts at HC Wainwright issued their Q1 2026 earnings estimates for shares of Bit Digital in a research report issued to clients and investors on Thursday, April 2nd. HC Wainwright analyst K. Dede expects that the company will post earnings of ($0.03) per share for the quarter. HC Wainwright currently has a “Buy” rating and a $7.00 target price on the stock. The consensus estimate for Bit Digital’s current full-year earnings is ($0.20) per share. HC Wainwright also issued estimates for Bit Digital’s Q2 2026 earnings at ($0.03) EPS, Q3 2026 earnings at ($0.02) EPS, Q4 2026 earnings at ($0.01) EPS and FY2026 earnings at ($0.09) EPS.

BTBT has been the topic of a number of other reports. Zacks Research upgraded shares of Bit Digital from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 17th. Wall Street Zen lowered shares of Bit Digital from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Weiss Ratings lowered shares of Bit Digital from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, March 30th. Finally, B. Riley Financial reduced their price objective on shares of Bit Digital from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Bit Digital currently has a consensus rating of “Hold” and a consensus price target of $5.67.

Bit Digital Stock Down 4.0%

BTBT traded down $0.06 on Tuesday, hitting $1.31. 6,336,921 shares of the company were exchanged, compared to its average volume of 24,837,662. Bit Digital has a twelve month low of $1.25 and a twelve month high of $4.55. The company has a market cap of $426.19 million, a price-to-earnings ratio of -2.37 and a beta of 4.02. The company has a current ratio of 6.39, a quick ratio of 17.53 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $1.68 and a two-hundred day moving average price of $2.38.

Bit Digital (NASDAQ:BTBT) last announced its earnings results on Friday, March 27th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Bit Digital had a negative return on equity of 5.39% and a negative net margin of 70.70%.The business had revenue of $32.34 million for the quarter, compared to analysts’ expectations of $31.87 million.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp grew its position in Bit Digital by 40.3% during the 4th quarter. State Street Corp now owns 11,518,002 shares of the company’s stock worth $21,769,000 after purchasing an additional 3,307,076 shares during the last quarter. Invesco Ltd. grew its position in Bit Digital by 18.0% during the 4th quarter. Invesco Ltd. now owns 10,492,680 shares of the company’s stock worth $19,831,000 after purchasing an additional 1,604,011 shares during the last quarter. Geode Capital Management LLC grew its position in Bit Digital by 4.5% during the 4th quarter. Geode Capital Management LLC now owns 9,347,321 shares of the company’s stock worth $17,669,000 after purchasing an additional 403,097 shares during the last quarter. Vanguard Group Inc. grew its position in Bit Digital by 549.2% during the 3rd quarter. Vanguard Group Inc. now owns 7,330,673 shares of the company’s stock worth $21,992,000 after purchasing an additional 6,201,477 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Bit Digital by 21.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,123,173 shares of the company’s stock worth $13,463,000 after acquiring an additional 1,260,686 shares during the period. 47.70% of the stock is owned by hedge funds and other institutional investors.

Key Bit Digital News

Here are the key news stories impacting Bit Digital this week:

• Positive Sentiment: Company holds a sizeable ETH treasury — ~155,444.4 ETH valued at roughly $327M as of March 31, 2026, which underpins asset value and balance-sheet liquidity. Bit Digital Inc. Reports Monthly Ethereum Treasury and Staking Metrics for March 2026
• Positive Sentiment: Management reduced the portion of ETH allocated to staking in March to increase liquidity and preserve capital allocation flexibility — a defensive move that reduces staking concentration risk and gives the company more optionality for capex, debt paydown, or buybacks. Bit Digital adjusts staking allocation to increase flexibility in March
• Neutral Sentiment: Northland Securities published FY2026 and quarterly EPS forecasts (Q1/Q2 roughly -$0.04, Q4 $0.00, FY -$0.09). These are analyst views that largely align with a negative-but-improving outlook for the year; they add context but are not company action. MarketBeat: Northland Securities estimates for Bit Digital
• Positive Sentiment: HC Wainwright maintains a Buy rating and a $7.00 price target on BTBT — a bullish signal from a sell-side firm that can support investor interest despite near-term noise. MarketBeat: HC Wainwright Buy rating and $7 target
• Negative Sentiment: HC Wainwright revised FY2026 EPS sharply lower (from prior $0.07 to an expected ($0.09)) and issued negative quarterly EPS forecasts (Q1/Q2 ~($0.03), Q3 ($0.02), Q4 ($0.01)), signaling weaker near-term profitability than previously modeled; the consensus full‑year estimate remains around ($0.20). This analyst downgrade is a headwind for sentiment. MarketBeat: HC Wainwright lowers FY2026 EPS for Bit Digital

Bit Digital Company Profile

Bit Digital, Inc (NASDAQ: BTBT) is a publicly traded digital asset mining company that specializes in the proof-of-work mining of Bitcoin. Incorporated in Nevada and headquartered in New York City, Bit Digital develops, owns and manages a fleet of high-efficiency ASIC miners, with the primary aim of generating newly minted Bitcoin through computational work. The company’s revenue is derived solely from its mining operations and any resulting cryptocurrency holdings.

To support its mining activities, Bit Digital maintains multiple data center facilities across North America.