BTBT — Bit Digital Inc

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

Trend Edge Setup Score

Trend Edge rates BTBT Bearish with a Setup Score of 39, net conviction 25, actionability 62. How the Setup Score works →

Total Setup Score39
Directional BiasBearish
Net Conviction25
Actionability62 (in range)

Key signals behind this score

About Bit Digital Inc

Bit Digital, Inc., together with its subsidiaries, engages in the institutional grade ethereum treasury and staking business. The company designs and operates data centers that provides hosting and colocation services; and cloud solutions for AI training and inference workloads. It is also involved in digital asset mining business. The company was formerly known as Golden Bull Limited and changed its name to Bit Digital, Inc. Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$1.58
Market Cap$575M
Float352.6M
Shares Outstanding360.6M
P/E (Forward)23.87
Price/Sales (TTM)4.74
vs. Analyst Target+161.1% to analyst PT
Profit Margin-240.25%
Operating Margin (TTM)-244.97%
Revenue (TTM)$121M
Dividend RateNone
Analyst Target Price$4.13 (5 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $21.1M -$2.3M $7.0M $4.4M
2021 $96.1M -$1.0M $65.3M $26.2M
2022 $32.3M -$105M $11.9M -$11.1M
2023 $44.9M -$13.9M $15.4M -$12.3M
2024 $164M $28.3M $101M $59.9M
2025 $114M -$80.3M $24.4M -$47.0M

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Sep 2025 $30.0M $151M
Dec 2025 $32.3M -$188M
Mar 2026 $27.9M -$147M
Jun 2026 $32.1M -$107M

Ownership & Float

Insider Ownership1.7%
Institutional Ownership52.0%
Short Float18.0%
% of All Funds Holding2.50%
Number of Funds Holding220

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$1.55Near-term / short-term trend
Weekly40-Week SMA$1.77Medium-term trend
Weekly80-Week SMA$2.24Cyclical trend (business cycle)
Weekly200-Week SMA$2.49Secular trend (multi-year)
Monthly10-Month SMA$1.75Near-term monthly trend
Monthly20-Month SMA$2.19Medium-term monthly trend
Monthly40-Month SMA$2.67Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$3.60 resistance 1.22x 8 months ago
$4.50 resistance 1.56x 19 months ago

Historical Earnings Reactions (35 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap 1.39% 0.55% 57.14% 13.34% -2.77%
1 Day 0.58% 0.00% 45.71% 20.74% -11.19%
1 Week 5.14% 0.42% 51.43% 89.93% -25.18%
2 Weeks 12.96% -1.35% 44.12% 362.77% -37.16%
1 Month 18.38% -7.56% 38.24% 450.00% -51.24%

Next earnings: November 1, 2026 (66 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan12.5%50.0%8
Feb-4.2%25.0%8
Mar-1.8%50.0%8
Apr16.0%44.4%9
May3.2%55.6%9
Jun0.7%33.3%9
Jul22.8%77.8%9
Aug-4.3%37.5%8
Sep-9.1%37.5%8
Oct10.1%37.5%8
Nov7.2%37.5%8
Dec14.2%37.5%8

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday 0.85% 43.9% 399
Tuesday 0.55% 44.7% 436
Wednesday 0.10% 44.3% 433
Thursday -0.12% 42.5% 426
Friday -0.04% 43.9% 424

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 52.0%

Insider Transactions — Smart Summary

Total insider ownership: 1.7%

12-Month Insider Activity Summary

Total Filings1
Net Value-$3.2M
Net Shares Change-1,500,000
% of Float-0.4%
C-Suite Filings1
Clusters Detected0

Key Insiders

NameTitleNet ValueFilingsActivity
Huang Erke Chief Financial Officer -$3.2M 1 1 sell

Significant Filings

DateInsiderTitleNet ValuePrice After
2025-11-24 Huang Erke Chief Financial Officer -$3.2M Transaction at $2.13, now -25.9%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Bit Digital Inc (BTBT) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for BTBT on Trend Edge →