Bit Digital, Inc.'s (NASDAQ:BTBT) Path To Profitability [Yahoo! Finance]
Bit Digital, Inc. - Ordinary Share (BTBT)
Company Research
Source: Yahoo! Finance
Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. With the latest financial year loss of US$14m and a trailing-twelve-month loss of US$2.7m, the US$595m market-cap company alleviated its loss by moving closer towards its target of breakeven. Many investors are wondering about the rate at which Bit Digital will turn a profit, with the big question being “when will the company breakeven?” Below we will provide a high-level summary of the industry analysts' expectations for the company. View our latest analysis for Bit Digital Bit Digital is bordering on breakeven, according to the 4 American Software analysts. They expect the company to post a final loss in 2024, before turning a profit of US$47m in 2025. Therefore, the company is expected to breakeven just over a year from now. In order to meet this breakeven date, we calculated the rate at which the company must grow year-on-year. It turns out an average annual growth rate of 120% is expect
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BTBT
News
- Bit Digital, Inc. (NASDAQ: BTBT) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $7.00 price target on the stock.MarketBeat
- Bit Digital Inc (BTBT) Q3 2024 Earnings Call Highlights: Navigating Growth Amidst Challenges [Yahoo! Finance]Yahoo! Finance
- Bit Digital, Inc. Announces Third Quarter of Fiscal Year 2024 Financial ResultsPR Newswire
- Bit Digital, Inc. Announces Date for Third Quarter 2024 Financial Results and Conference CallPR Newswire
- The Daily Chase: Montreal dockworkers locked out [BNN Bloomberg (Canada)]BNN Bloomberg
BTBT
Earnings
- 11/18/24 - Miss
BTBT
Sec Filings
- 11/18/24 - Form 6-K
- 11/18/24 - Form 6-K
- 11/8/24 - Form SC
- BTBT's page on the SEC website