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Upturn AI SWOT - About
Bit Digital Inc (BTBT)
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Upturn Advisory Summary
04/01/2025: BTBT (3-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
AI Based Fundamental Rating
Above Average Performance
These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.
Analysis of Past Performance
Type Stock | Historic Profit 77.68% | Avg. Invested days 43 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  4.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 390.41M USD | Price to earnings Ratio 11.26 | 1Y Target Price 6.1 |
Price to earnings Ratio 11.26 | 1Y Target Price 6.1 | ||
Volume (30-day avg) 16214776 | Beta 5.14 | 52 Weeks Range 1.76 - 5.74 | Updated Date 04/2/2025 |
52 Weeks Range 1.76 - 5.74 | Updated Date 04/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.19 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Earnings Date
Report Date 2025-03-17 | When After Market | Estimate -0.03 | Actual 0.1912 |
Profitability
Profit Margin 26.33% | Operating Margin (TTM) 110.62% |
Management Effectiveness
Return on Assets (TTM) 4.64% | Return on Equity (TTM) 9.19% |
Valuation
Trailing PE 11.26 | Forward PE 7.76 | Enterprise Value 315107890 | Price to Sales(TTM) 3.63 |
Enterprise Value 315107890 | Price to Sales(TTM) 3.63 | ||
Enterprise Value to Revenue 1.92 | Enterprise Value to EBITDA 5.26 | Shares Outstanding 182435008 | Shares Floating 181172569 |
Shares Outstanding 182435008 | Shares Floating 181172569 | ||
Percent Insiders 0.55 | Percent Institutions 37.8 |
Analyst Ratings
Rating 4.67 | Target Price 6.33 | Buy 1 | Strong Buy 2 |
Buy 1 | Strong Buy 2 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Bit Digital Inc
Company Overview
History and Background
Bit Digital Inc. was founded in 2017 (originally as Golden Bull Limited) and transitioned its business to Bitcoin mining. Initially involved in peer-to-peer lending in China, it shifted focus due to regulatory changes. The company now operates globally in Bitcoin mining.
Core Business Areas
- Bitcoin Mining: Engages in Bitcoin mining operations, using specialized hardware to solve complex computational problems and validate transactions on the Bitcoin blockchain, earning Bitcoin as a reward.
Leadership and Structure
The company has a board of directors and a management team overseeing operations. Specific details about the full organizational structure beyond executive leadership may not be as transparent.
Top Products and Market Share
Key Offerings
- Bitcoin: Bit Digital Inc. generates Bitcoin through its mining operations. Market share in Bitcoin mining fluctuates due to the dynamic nature of the industry and difficulty adjustments. Competitors include Marathon Digital Holdings (MARA), Riot Platforms (RIOT), and Core Scientific (CORZ). Revenue is directly tied to Bitcoin production and market prices.
Market Dynamics
Industry Overview
The Bitcoin mining industry is highly competitive and subject to regulatory scrutiny, fluctuations in Bitcoin price, and increasing difficulty in mining new blocks. It requires significant capital investment in hardware and electricity.
Positioning
Bit Digital Inc. is a mid-sized player in the Bitcoin mining industry. Its competitive advantage hinges on efficient operations, low electricity costs, and access to capital for expansion.
Total Addressable Market (TAM)
The TAM for Bitcoin mining is the total value of Bitcoin awarded to miners. This is directly tied to Bitcoin market capitalization. Bit Digital's position depends on its ability to capture a portion of block rewards relative to its operational scale.
Upturn SWOT Analysis
Strengths
- Established Bitcoin mining operations
- Focus on renewable energy sources
- Global operations with geographic diversification
Weaknesses
- High dependence on Bitcoin price
- Susceptibility to regulatory changes
- High capital expenditure requirements
Opportunities
- Expansion of mining capacity
- Diversification into other blockchain-related services
- Strategic partnerships with energy providers
Threats
- Increased mining difficulty
- Bitcoin price volatility
- Regulatory restrictions on Bitcoin mining
- Competition from larger, more established mining companies
Competitors and Market Share
Key Competitors
- MARA
- RIOT
- CORZ
Competitive Landscape
Bit Digital Inc. faces competition from larger, more established Bitcoin mining companies. Its success depends on its ability to maintain competitive operating costs and secure favorable access to energy resources and capital. Market share fluctuates based on hash rate contribution.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Bit Digital's historical growth is linked to its expansion of mining operations and fluctuations in Bitcoin prices.
Future Projections: Future projections depend on Bitcoin adoption, regulatory environment, and company-specific initiatives. Analyst estimates are available from various financial news sources.
Recent Initiatives: Recent initiatives may include expanding mining facilities, deploying more efficient hardware, and securing renewable energy sources.
Summary
Bit Digital Inc. is a Bitcoin mining company operating in a volatile and competitive industry. Its success is highly correlated to Bitcoin prices and efficient operations. Key challenges include regulatory uncertainties and competition. Its reliance on Bitcoin's price is high, posing risks and opportunities.
Similar Companies
CLSK
CleanSpark Inc
CLSK
CleanSpark Inc
CORZ
Core Scientific, Inc. Common Stock
CORZ
Core Scientific, Inc. Common Stock
HUT
Hut 8 Corp. Common Stock
HUT
Hut 8 Corp. Common Stock
MARA
Marathon Digital Holdings Inc
MARA
Marathon Digital Holdings Inc
RIOT
Riot Blockchain Inc
RIOT
Riot Blockchain Inc
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Financial News Outlets
- Industry Reports
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Data may be subject to change. Market share estimates are approximate and based on publicly available information.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Bit Digital Inc
Exchange NASDAQ | Headquaters New York, NY, United States | ||
IPO Launch date 2018-03-20 | CEO - | ||
Sector Financial Services | Industry Capital Markets | Full time employees 54 | Website https://www.bit-digital.com |
Full time employees 54 | Website https://www.bit-digital.com | ||
Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. The company designs, develops, and operates high-performance computing (HPC) data centers that offers hosting and colocation services; and cloud-based HPC graphics processing units for artificial intelligence and machine learning developers. It is also involved in the treasury management activities; fund and investment management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. The company was formerly known as Golden Bull Limited and changed its name to Bit Digital, Inc. in September 2020. Bit Digital, Inc. was founded in 2015 and is headquartered in New York, New York.
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