📊 BTBT Key Takeaways
Is Bit Digital, Inc (BTBT) a Good Investment?
Bit Digital is operating at catastrophic losses with -$146.7M net income on only $27.9M revenue, burning -$170.3M in free cash flow annually. At current burn rates, cash reserves of $79.5M provide less than 6 months of runway. The cryptocurrency mining operation is fundamentally unprofitable with operating losses exceeding 5x revenue, indicating a structurally broken business model.
Bit Digital shows very strong reported revenue growth and an exceptionally strong balance sheet with high liquidity and no meaningful leverage. However, earnings quality looks weak because net income and operating income far exceed revenue while operating cash flow and free cash flow are deeply negative, suggesting profits may be driven by non-cash or non-recurring items rather than durable core cash generation. The fundamentals support financial stability, but growth quality and cash conversion need to improve before the business looks materially stronger.
Bit Digital, Inc Key Strengths (BTBT)
- Strong current ratio of 6.36x provides near-term liquidity cushion
- Minimal debt burden with 0.00x debt-to-equity ratio reduces insolvency from leverage
- Substantial asset base of $1.2B may provide acquisition or restructuring optionality
- Revenue growth is very strong at 140.6% year over year, indicating rapid business expansion.
- The balance sheet is conservatively positioned with substantial cash, very low liabilities, and effectively no debt.
- Liquidity is excellent, with current and quick ratios of 17.53x providing a large cushion for operations and investment.
BTBT Stock Risks: Bit Digital, Inc Investment Risks
- Free cash flow of -$170.3M implies cash depletion within 6 months without capital raise or operational changes
- Operating losses of -$142.9M on revenue of $27.9M indicate non-viable core business economics
- Continued $169.2M capital expenditures despite massive losses unsustainable and dilutes runway
- Minimal 5.1% revenue growth insufficient to achieve profitability or offset operational burn
- Negative operating cash flow indicates business cannot sustain itself from operations
- Profitability quality is questionable because operating margin and net margin above 100% imply results may include large non-core, fair-value, or one-time gains.
- Cash generation is weak, with operating cash flow of negative $204.86M and free cash flow of negative $368.88M.
- Heavy capital spending of $164.02M raises execution risk and increases dependence on existing cash if internal cash generation does not improve.
Key Metrics to Watch
- Remaining cash runway and timing of potential liquidity crisis
- Free cash flow stabilization and path to positive operating cash flow
- Capital expenditure discipline and management's commitment to cost reduction
- Revenue acceleration and achievement of operating profitability milestones
- Operating cash flow and free cash flow relative to net income
- Revenue mix and the share of earnings coming from recurring core operations versus non-cash or one-time gains
Bit Digital, Inc (BTBT) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Strong liquidity with a 6.36x current ratio provides a solid financial cushion.
BTBT Profit Margin, ROE & Profitability Analysis
BTBT vs Finance Sector: How Bit Digital, Inc Compares
How Bit Digital, Inc compares to Finance sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Bit Digital, Inc Stock Overvalued? BTBT Valuation Analysis 2026
Based on fundamental analysis, Bit Digital, Inc has mixed fundamental signals relative to the Finance sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Bit Digital, Inc Balance Sheet: BTBT Debt, Cash & Liquidity
BTBT Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Bit Digital, Inc's revenue has shown modest growth of 5% over the 5-year period. The most recent EPS of $-0.16 indicates the company is currently unprofitable.
BTBT Revenue Growth, EPS Growth & YoY Performance
BTBT Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $25.1M | -$57.7M | $-0.32 |
| Q3 2025 | $22.8M | -$666.7K | $-0.01 |
| Q2 2025 | $25.7M | -$12.0M | $0.07 |
| Q1 2025 | $25.1M | $50.1M | $-0.32 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Bit Digital, Inc Dividends, Buybacks & Capital Allocation
BTBT SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Bit Digital, Inc (CIK: 0001710350)
📋 Recent SEC Filings
❓ Frequently Asked Questions about BTBT
What is the AI rating for BTBT?
Bit Digital, Inc (BTBT) has a Combined AI Grade of C from Claude (D) and ChatGPT (B) with 81% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are BTBT's key strengths?
Claude: Strong current ratio of 6.36x provides near-term liquidity cushion. Minimal debt burden with 0.00x debt-to-equity ratio reduces insolvency from leverage. ChatGPT: Revenue growth is very strong at 140.6% year over year, indicating rapid business expansion.. The balance sheet is conservatively positioned with substantial cash, very low liabilities, and effectively no debt..
What are the risks of investing in BTBT?
Claude: Free cash flow of -$170.3M implies cash depletion within 6 months without capital raise or operational changes. Operating losses of -$142.9M on revenue of $27.9M indicate non-viable core business economics. ChatGPT: Profitability quality is questionable because operating margin and net margin above 100% imply results may include large non-core, fair-value, or one-time gains.. Cash generation is weak, with operating cash flow of negative $204.86M and free cash flow of negative $368.88M..
What is BTBT's revenue and growth?
Bit Digital, Inc reported revenue of $27.9M.
Does BTBT pay dividends?
Bit Digital, Inc pays dividends, with $0.8M distributed to shareholders in the trailing twelve months.
Where can I find BTBT SEC filings?
Official SEC filings for Bit Digital, Inc (CIK: 0001710350) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BTBT's EPS?
Bit Digital, Inc has a diluted EPS of $-0.45.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is BTBT's fundamental grade?
Based on our AI fundamental analysis in June 2026, Bit Digital, Inc has a C grade with 81% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is BTBT stock overvalued or undervalued?
Valuation metrics for BTBT: ROE of -31.3% (sector avg: 12%), net margin of -525.2% (sector avg: 25%). Compare these metrics with sector averages to assess valuation.
What is BTBT's AI grade for 2026?
Our dual AI analysis gives Bit Digital, Inc a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is BTBT's free cash flow?
Bit Digital, Inc's operating cash flow is $-1.1M, with capital expenditures of $169.2M. FCF margin is -609.7%.
How does BTBT compare to other Finance stocks?
Vs Finance sector averages: Net margin -525.2% (avg: 25%), ROE -31.3% (avg: 12%), current ratio 6.36 (avg: 1.2).