Bit Digital Inc. Ordinary Shares (BTBT)

FairStock Score: 37/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At $1.21 on 2026-10-13, Bit Digital has a $436.4M market cap and trades at 1.11 times book, per FairStock. That looks superficially Graham-like until one sees the earnings: a negative P/E, a -52.18% ROE, and a -17.44% ROCE. Revenue has grown - FY2023 revenue was $44.9M, FY2024 $108.1M, and FY2025 $113.6M - but profit has not followed. FY2025 produced a net loss of $80.3M, and in fiscal Q1 2026 (quarter ended 2026-03-31) the net loss was $146.7M, followed by a fiscal Q2 2026 (quarter ended 2026-06-30) net loss of $107.2M. The only recent large profit was fiscal Q3 2025 (quarter ended 2025-09-30), when net income was $150.9M. That pattern tells me the company's results are tied to volatile crypto and digital-asset marks, not recurring operating strength. The business - Ethereum treasury/staking, data-center hosting, AI cloud, and digital-asset mining - is capital-intensive and cyclical. I see little durable moat; customers can switch, hardware ages, and crypto prices set much of the economics. Debt-to-equity of 0.86 is not alarming by itself, but with negative returns and a beta of 3.97, the equity is fragile. Because this is classified as a financial firm, I would normally check CET1, net interest margin, or a combined ratio; none are in the data. The FairStock Score of 37/100 and Lynch turnaround label fit: a loss in the latest year after earlier profits. The price is low against book, but not against earning power, because there is none right now.

In plain English: Bit Digital runs crypto mining, Ethereum staking, and data centers for AI. Sales are growing, but the company is losing a lot of money and profits swing sharply. At $1.21, the stock is near its 52-week low and around the value of its net assets, so it may look cheap only if the losses stop.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer