Bit Digital (NASDAQ:BTBT) Stock Price Down 4.2% – Here’s Why

24 Jan 2026, 19:00 by Sarita Garza · The Markets Daily

Bit Digital, Inc. (NASDAQ:BTBT – Get Free Report) shares were down 4.2% on Thursday . The company traded as low as $2.14 and last traded at $2.1370. Approximately 8,474,260 shares traded hands during trading, a decline of 75% from the average daily volume of 33,397,430 shares. The stock had previously closed at $2.23.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BTBT shares. Zacks Research lowered shares of Bit Digital from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Northland Securities set a $5.00 target price on shares of Bit Digital in a report on Monday, November 17th. Wall Street Zen cut Bit Digital from a “hold” rating to a “sell” rating in a research note on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Bit Digital in a research note on Monday, December 29th. Finally, HC Wainwright reiterated a “buy” rating and set a $7.00 price objective on shares of Bit Digital in a research report on Monday, November 17th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Bit Digital presently has an average rating of “Hold” and an average price target of $6.00.

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Bit Digital Price Performance

The stock has a market cap of $682.94 million, a price-to-earnings ratio of 5.02 and a beta of 3.94. The company’s fifty day simple moving average is $2.20 and its two-hundred day simple moving average is $2.86.

Bit Digital (NASDAQ:BTBT – Get Free Report) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.05) earnings per share (EPS) for the quarter. Bit Digital had a net margin of 127.61% and a negative return on equity of 7.11%. The company had revenue of $30.46 million for the quarter, compared to analyst estimates of $29.54 million. On average, analysts forecast that Bit Digital, Inc. will post -0.2 earnings per share for the current year.

Insider Buying and Selling at Bit Digital

In other Bit Digital news, CFO Erke Huang sold 1,089,364 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $2.18, for a total transaction of $2,374,813.52. Following the sale, the chief financial officer directly owned 1,585,636 shares of the company’s stock, valued at $3,456,686.48. This represents a 40.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. CCG Wealth Management LLC boosted its stake in shares of Bit Digital by 6.9% during the fourth quarter. CCG Wealth Management LLC now owns 154,000 shares of the company’s stock valued at $291,000 after purchasing an additional 10,000 shares during the period. Hennion & Walsh Asset Management Inc. bought a new stake in Bit Digital in the fourth quarter valued at $272,000. Byrne Asset Management LLC increased its position in shares of Bit Digital by 489.1% during the fourth quarter. Byrne Asset Management LLC now owns 74,400 shares of the company’s stock valued at $141,000 after buying an additional 61,770 shares during the period. JPMorgan Chase & Co. raised its stake in Bit Digital by 686.9% in the third quarter. JPMorgan Chase & Co. now owns 2,288,068 shares of the company’s stock worth $6,864,000 after buying an additional 1,997,304 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new position in Bit Digital in the third quarter worth about $56,000. Hedge funds and other institutional investors own 47.70% of the company’s stock.

Bit Digital Company Profile

(Get Free Report)

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.