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Bit Digital, Inc. (BTBT) 10-Year Financial Performance & Capital Metrics

BTBT • • Banking & Credit
Financial ServicesCapital MarketsCryptocurrency Mining & InfrastructureBitcoin Mining Operators
AboutBit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management 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 incorporated in 2017 and is headquartered in New York, New York.Show more
  • Net Interest Income $550K
  • Total Revenue $164M +264.6%
  • Net Income $28M +303.7%
  • Return on Equity 9.19% +180.2%
  • Net Interest Margin 0.1%
  • Efficiency Ratio 45.08% -36.7%
  • ROA 7.78% +181.1%
  • Equity / Assets 86.11% +6.8%
  • Book Value per Share 3.28 +87.7%
  • Tangible BV/Share 3.05 +74.6%
  • Debt/Equity 0.03 -26.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Efficient operations: 45.1% efficiency ratio
  • ✓Well capitalized: 86.1% equity/assets
  • ✓Diversified revenue: 99.7% from non-interest income
  • ✓Trading at only 0.7x book value

✗Weaknesses

  • ✗Weak NIM of 0.1%
  • ✗Weak momentum: RS Rating 16 (bottom 16%)
  • ✗Shares diluted 61.7% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y19.45%
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM5192.77%

EPS CAGR

10Y-
5Y-
3Y-
TTM628.72%

ROCE

10Y Avg-13.73%
5Y Avg-14.31%
3Y Avg-28.17%
Latest8.54%

Peer Comparison

Bitcoin Mining Operators
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
IRENIREN Limited17.04B51.89133.05167.65%17.35%18.19%0.53
RIOTRiot Platforms, Inc.6.16B16.5748.7434.2%29.05%4.68%0.20
HUTHut 8 Corp.6.19B57.2816.8569.07%204.38%8.96%0.35
BTBTBit Digital, Inc.747.69M2.3111.55264.59%17.29%13.1%0.03
MARAMarathon Digital Holdings, Inc.4.03B10.666.2069.38%82.46%17.91%0.60
CLSKWCleanSpark, Inc.123.65M0.430.39102.21%47.56%16.76%0.38
ARBKArgo Blockchain plc1.51M4.54-0.02-15.95%-113.58%
ABTCAmerican Bitcoin Corp328.24M1.68-0.6610.09%6%57.62%0.01

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Net Interest Income+03.32K15.46K0041000550.26K
NII Growth %--3.65%-1%---1%---
Net Interest Margin %----------
Interest Income123.32K17.17K0041000550.26K
Interest Expense001.7K0000000
Loan Loss Provision00390.22K0014.1M30.74M20.37M29.56M62.38M
Non-Interest Income+-123.7M6.94M0021.07M96.08M32.3M44.92M163.21M
Non-Interest Income %----------
Total Revenue+03.71M6.95M0021.07M96.08M32.3M44.92M163.76M
Revenue Growth %--0.88%-1%--3.56%-0.66%0.39%2.65%
Non-Interest Expense141.69K3.49M8.31M1.89M1.99M5.4M59.45M119.09M31.98M73.82M
Efficiency Ratio----------
Operating Income+-142K216.85K-1.36M-1.89M-1.99M1.56M5.89M-107.17M-16.62M27.56M
Operating Margin %----------
Operating Income Growth %-2.53%-7.27%-0.39%-0.05%1.78%2.78%-19.19%0.84%2.66%
Pretax Income+-142K219.75K-1.27M-1.89M-1.99M1.56M2.85M-105.89M-13.61M32.28M
Pretax Margin %----------
Income Tax+-35.42K54.94K-272K0003.86M-592.85K279.04K3.98M
Effective Tax Rate %----------
Net Income+-106K160.91K-942K-3.54M-9.68M-2.28M-1.01M-105.3M-13.89M28.31M
Net Margin %----------
Net Income Growth %-2.52%-6.85%-2.75%-1.74%0.76%0.56%-103.26%0.87%3.04%
Net Income (Continuing)-106K164.81K-997K-1.89M-1.99M1.56M-1.01M-105.3M-13.89M28.31M
EPS (Diluted)+-0.010.01-0.07-0.24-0.62-0.04-0.02-1.34-0.160.20
EPS Growth %---7.53%-2.31%-1.58%0.94%0.45%-66%0.88%2.25%
EPS (Basic)-0.010.01-0.07-0.24-0.62-0.04-0.02-1.34-0.160.20
Diluted Shares Outstanding14.55M14.55M14.55M14.39M15.2M30.59M55.44M78.61M87.53M141.51M

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash & Short Term Investments+674.51K1000K1000K1000K15.99K405.13K1000K1000K1000K1000K
Cash & Due from Banks674.51K7.38M5.46M2.33M15.99K405.13K42.4M32.69M18.18M95.2M
Short Term Investments0000000626.44K1000K1000K
Total Investments+10045.46K0645.46K001M2.41M51.35M40.54M
Investments Growth %-453.57%-1%--1%--1.41%20.27%-0.21%
Long-Term Investments10045.46K0645.46K001M1.79M4.77M37.58M
Accounts Receivables3.09K000000001000K
Goodwill & Intangibles+----------
Goodwill00000000019.38M
Intangible Assets00000000013.03M
PP&E (Net)21.34K86.68K83.52K723.78K110K29.85M75.58M23.15M91.92M161.33M
Other Assets58.14K1.1M2.47M5.28M3.85M1.32M6.71M11.09M10.33M9.98M
Total Current Assets765.43K7.91M10.06M5.66M560.26K8.72M96.56M64.4M82.3M296.86M
Total Non-Current Assets114.56K1.19M2.86M6.82M3.96M31.17M83.36M36.03M107.02M241.39M
Total Assets+879.99K9.1M12.91M12.48M4.52M39.89M179.92M100.42M189.33M538.25M
Asset Growth %-9.34%0.42%-0.03%-0.64%7.83%3.51%-0.44%0.89%1.84%
Return on Assets (ROA)-0.12%0.03%-0.09%-0.28%-1.14%-0.1%-0.01%-0.75%-0.1%0.08%
Accounts Payable13.9K173.81K0001.37M2.61M3.63M2.32M3.42M
Total Debt+00000336.72K006.22M13.81M
Net Debt-674.51K-7.38M-5.46M-2.33M-15.99K-68.41K-42.4M-32.69M-11.96M-81.4M
Long-Term Debt0000000000
Short-Term Debt00000336.72K001.86M0
Other Liabilities0000002.77M3.04M5.08M3.98M
Total Current Liabilities61.24K282.29K469.23K403.22K429.59K1.89M5.04M7.44M27.08M55.03M
Total Non-Current Liabilities13.9K187.09K00003.23M3.04M9.54M19.74M
Total Liabilities61.24K282.29K469.23K403.22K429.59K1.89M8.27M10.49M36.62M74.77M
Total Equity+818.75K8.82M12.45M12.08M4.09M38M171.64M89.93M152.7M463.48M
Equity Growth %-9.77%0.41%-0.03%-0.66%8.3%3.52%-0.48%0.7%2.04%
Equity / Assets (Capital Ratio)----------
Return on Equity (ROE)-0.13%0.03%-0.09%-0.29%-1.2%-0.11%-0.01%-0.81%-0.11%0.09%
Book Value per Share0.060.610.860.840.271.243.101.141.743.28
Tangible BV per Share----------
Common Stock260260130K148.99K153.99K480.44K695.91K824.86K1.07M1.79M
Additional Paid-in Capital936.44K8.05M12.31M15.86M17.61M53.22M182.87M212.65M290.66M553.58M
Retained Earnings-106.27K48.45K-893.92K-4.32M-13.79M-15.7M-19.88M-131.42M-146.91M-98.21M
Accumulated OCI-11.58K-189.9K336.89K-27.76K-94K0000-1.57M
Treasury Stock000000-1.09M-1.17M-1.17M-1.17M
Preferred Stock0000009.05M9.05M9.05M9.05M

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-230.35K-1.09M-1.91M-5.05M-1.35M-3.42M-23.26M-8.5M1.11M-12.99M
Operating CF Growth %--3.74%-0.75%-1.65%0.73%-1.54%-5.8%0.63%1.13%-12.75%
Net Income-106.27K164.81K-996.83K-3.54M-1.99M1.92M4.86M-105.3M-13.89M28.31M
Depreciation & Amortization038.97K57.6K82.87K03.32M13.11M27.83M14.43M32.31M
Deferred Taxes-35.42K25.08K-282.08K-545.57K0-456K404.29K-404.29K00
Other Non-Cash Items-30.53K0144764.02K-1.21M457.96K12.79M34.7M-56.79M-116.33M
Working Capital Changes-88.66K-1.32M-1.18M-1.81M91.04K-9.13M-76.34M32.42M48.24M32.84M
Cash from Investing+-21.55K-108.76K-31.21K-3.33M-916.17K-2.05M-40.93M-18.61M-69.16M-149.02M
Purchase of Investments00000-2.46M0-2M-2.19M0
Sale/Maturity of Investments000001000K01000K89.52K0
Net Investment Activity----------
Acquisitions0000011.33K0-59.7K0-38.79M
Other Investing0017.87K-2.58M-806.17K2.46M5.91M1.08M-400K-16.23M
Cash from Financing+936.6K8.04M-389.63K5.94M05.25M106.19M18.71M52.22M242.86M
Dividends Paid00000000-1.6M-800K
Share Repurchases0000000000
Stock Issued936.6K005.94M05.25M109.21M21.01M53.82M242.86M
Net Stock Activity----------
Debt Issuance (Net)000007K1000K000
Other Financing936.6K8.04M-389.63K000-4.29M-2.3M2.55K800K
Net Change in Cash+562.55K6.7M-1.92M-2.52M-2.3M-210.85K41.99M-8.39M-15.83M80.75M
Exchange Rate Effect-122.15K-139.09K407.45K-82.7K-40.13K0000-95.26K
Cash at Beginning111.97K674.51K7.38M5.46M2.93M630.65K405.13K42.4M34.01M18.18M
Cash at End674.51K7.38M5.46M2.93M630.65K419.8K42.4M34.01M18.18M98.93M
Interest Paid0000000000
Income Taxes Paid0010.54K84.4K00125K734.2K0131.91K
Free Cash Flow+-251.91K-1.2M-1.96M-8.38M-1.46M-7.92M-70.1M-27.83M-65.55M-106.99M
FCF Growth %--3.77%-0.63%-3.28%0.83%-4.44%-7.85%0.6%-1.36%-0.63%

Banking Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-12.95%3.34%-8.86%-28.85%-119.72%-10.83%-0.96%-80.51%-11.45%9.19%
Return on Assets (ROA)-12.05%3.22%-8.56%-27.86%-113.85%-10.26%-0.92%-75.12%-9.59%7.78%
Net Interest Margin0%0.04%0.12%0%0%0%0%0%0%0.1%
Efficiency Ratio-94.15%119.54%--25.65%61.87%368.73%71.2%45.08%
Equity / Assets93.04%96.9%96.37%96.77%90.49%95.25%95.4%89.56%80.66%86.11%
Book Value / Share0.060.610.860.840.271.243.11.141.743.28
NII Growth--365.19%-100%---100%---
Dividend Payout---------2.83%

Revenue by Segment

2024
Other Member550.26K
Other Member Growth-

Frequently Asked Questions

Valuation & Price

Bit Digital, Inc. (BTBT) has a price-to-earnings (P/E) ratio of 11.6x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Bit Digital, Inc. (BTBT) grew revenue by 264.6% over the past year. This is strong growth.

Yes, Bit Digital, Inc. (BTBT) is profitable, generating $137.0M in net income for fiscal year 2024 (17.3% net margin).

Dividend & Returns

Yes, Bit Digital, Inc. (BTBT) pays a dividend with a yield of 0.24%. This makes it attractive for income-focused investors.

Bit Digital, Inc. (BTBT) has a return on equity (ROE) of 9.2%. This is below average, suggesting room for improvement.

Industry Metrics

Bit Digital, Inc. (BTBT) has a net interest margin (NIM) of 0.1%. NIM has been under pressure due to interest rate environment.

Bit Digital, Inc. (BTBT) has an efficiency ratio of 45.1%. This is excellent, indicating strong cost control.

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