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Recently, Zacks.com users have been paying close attention to Bit Digital (BTBT). This makes it worthwhile to examine what the stock has in store.
Bitcoin jumped 4.6% to $72,475.25 – a roughly 12% gain over the past two days after the digital asset was trading near $63,000 earlier this week.
Bit Digital (BTBT) is upgraded to Buy, driven by its pivot from crypto to AI cloud and colocation, with WhiteFiber (WYFI) as its key asset. Q2 revenue beat was due to a non-recurring termination fee; true growth will reflect in 2027 as WhiteFiber's $932.9M backlog is realized. BTBT trades at over a 30% NAV discount, with current market cap ($571M) below the value of its WhiteFiber stake ($821M).
Bit Digital, Inc. (BTBT) Q2 2026 Earnings Call Transcript
BTBT's revenues surge on cloud growth and new contracts, but heavy impairments, digital asset losses and interest costs drive a wider Q2 loss.
Bit Digital NASDAQ: BTBT reported second-quarter revenue of $32.1 million, up 15% sequentially, as cloud services growth helped offset lower Ethereum staking and bitcoin mining revenue. The company also outlined a capital-allocation strategy centered on its Ethereum holdings and its majority interest in data-center business WhiteFiber.
The headline numbers for Bit Digital (BTBT) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Bit Digital, Inc. (BTBT) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to a loss of $0.03 per share a year ago.