Northland Securities Forecasts Bit Digital Q3 Earnings

Bit Digital, Inc. (NASDAQ:BTBT) – Investment analysts at Northland Securities issued their Q3 2026 earnings estimates for shares of Bit Digital in a report issued on Monday, April 6th. Northland Securities analyst M. Grondahl expects that the company will post earnings per share of ($0.01) for the quarter. The consensus estimate for Bit Digital’s current full-year earnings is ($0.20) per share.

Bit Digital (NASDAQ:BTBT) last released its earnings results on Friday, March 27th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $31.87 million.

BTBT has been the topic of a number of other reports. HC Wainwright reissued a “buy” rating and issued a $7.00 target price on shares of Bit Digital in a research note on Thursday, April 2nd. Wall Street Zen lowered shares of Bit Digital from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. B. Riley Financial decreased their target price on shares of Bit Digital from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Zacks Research downgraded shares of Bit Digital from a “hold” rating to a “strong sell” rating in a report on Monday. Finally, Weiss Ratings downgraded shares of Bit Digital from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, March 30th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $5.67.

Bit Digital Trading Down 3.7%

BTBT opened at $1.31 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 6.39 and a quick ratio of 17.53. The company’s 50 day simple moving average is $1.66 and its two-hundred day simple moving average is $2.36. Bit Digital has a 1-year low of $1.25 and a 1-year high of $4.55. The firm has a market capitalization of $427.82 million, a price-to-earnings ratio of -2.38 and a beta of 4.02.

Institutional Trading of Bit Digital

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sheets Smith Wealth Management acquired a new stake in shares of Bit Digital during the 3rd quarter worth approximately $30,000. Hamilton Wealth LLC acquired a new stake in shares of Bit Digital during the 3rd quarter worth approximately $30,000. LCM Capital Management Inc acquired a new stake in shares of Bit Digital during the 3rd quarter worth approximately $33,000. Rafferty Asset Management LLC acquired a new stake in shares of Bit Digital during the 3rd quarter worth approximately $33,000. Finally, Walleye Trading LLC acquired a new stake in shares of Bit Digital during the 2nd quarter worth approximately $25,000. Institutional investors and hedge funds own 47.70% of the company’s stock.

Bit Digital News Roundup

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

• Positive Sentiment: Bit Digital reported it held ~155,444 ETH as of March 31, 2026, valued at roughly $327.0M based on the March 31 close — a sizable liquid asset base that underpins the balance sheet and provides optionality for capital allocation. PR: Monthly Ethereum Treasury and Staking Metrics
• Positive Sentiment: Management is repositioning the business toward Ethereum and AI infrastructure, highlighting 2025 results and a strategic pivot that could broaden revenue streams beyond pure BTC/ETH mining. This strategic messaging supports a longer-term growth narrative. Video: 2025 results and strategic pivot
• Positive Sentiment: The company holds a large position in WYFI shares (reported at roughly $322M in some coverage), adding another material non-mining asset that can support liquidity or monetization options. Article: WYFI stake and staking changes
• Positive Sentiment: Management reduced the portion of ETH allocated to staking in March to increase treasury flexibility — a move that prioritizes liquidity and optionality amid volatile crypto markets, though it may lower near-term staking revenue. Proactive: Staking allocation adjustment
• Neutral Sentiment: Multiple research shops updated FY2026 and quarterly EPS forecasts: Northland projects FY2026 EPS of ($0.09) with Q1/Q2 around ($0.04), while HC Wainwright provided quarterly schedules and maintains a Buy rating with a $7 target. These analyst models give guidance on expectations but show dispersion among forecasters.
• Neutral Sentiment: Comparative and sector coverage (e.g., a financial comparison with AirSculpt Technologies) may attract attention from different investor sets but is unlikely to move the stock materially by itself. Comparison: Bit Digital vs. AirSculpt
• Negative Sentiment: Market reaction: coverage noted the stock traded lower in the latest session (price weakness), reflecting investor concern about near-term earnings, staking yield trade-offs, and macro/crypto volatility that can pressure miner valuations. Zacks: Stock Sinks As Market Gains
• Negative Sentiment: HC Wainwright lowered its FY2026 EPS view (previously positive) and pushed some quarterly estimates into modest losses — a downward revision that can weigh on sentiment despite the firm’s Buy rating and $7 target. (Market expectations now reflect continued near-term negative EPS.)

About Bit Digital

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.