BTBT

Bit Digital, Inc.

$2.94

0.31

(11.79%)

Exchange:	NASDAQ
Market Cap:	613.081M
Shares Outstanding:	14.55M

Overview

Earnings

Financials

Valuation

Chart

About The Company

Bit 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.

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Revenue Segmentation

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EPS

View full analyst estimates

Earnings Call

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Income Statement

Balance Sheet

Cash Flow Statement

Analyst Estimates

Income Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023
? Revenue	0	3,705.770	6,953.757	7,889.201	4,588.038	21,065.113	96,078.570	32,296.593	44,916.131
? Cost Of Revenue	0	0	391.927	0	0	14,104.628	30,739.776	20,374.633	43,983.318
? Gross Profit	0	3,705.770	6,561.830	7,889.201	4,588.038	6,960.485	65,338.794	11,921.960	932.813
? Research And Development Expenses	29.943	417.901	485.852	447.884	137.423	0	0	0	0
? General And Administrative Expenses	492.492	1,636.353	3,916.736	6,685.377	2,476.987	2,515.117	39,154.204	23,114.629	27,668.592
? Selling And Marketing Expenses	361.092	1,434.662	3,910.646	4,940.784	6,956.606	0	0	1,100	1,200
? Operating Expenses	141.693	3,488.916	8,313.234	12,074.045	9,571.016	5,839.772	52,268.168	50,944.359	27,668.592
? Net Interest Income	0	0	0	0	0	0	0	0	0
? Interest Income	12	3.324	17.166	24.530	0	41	0	0	0
? Interest Expense	0	1.011	1.703	-297.692	0	0	0	132,617.832	0
? Depreciation And Amortization	1,700.316	38.973	57.603	82.872	30.199	3,324.655	13,113.964	27,829.730	14,426.733
? EBITDA	-141.690	255.827	-1,301.874	-4,101.972	-4,952.779	3,639.811	31,237.287	54,558.109	-12,309.050
? EBIT
? Operating Income	-141.690	216.854	-1,359.477	-4,184.844	-4,982.978	315.156	18,123.323	26,728.379	-26,735.780
? Income Before Tax	-141.692	219.749	-1,268.366	-3,998.297	-6,130.879	1,924.346	8,720.343	-105,889.453	-13,614.237
? Income Tax Expense	-35.423	54.938	-271.541	-461.171	806.803	3,029.085	3,856.341	-592.850	279.044
? Net Income From Continuing Operations
? Net Income	-106.269	160.905	-996.825	-3,537.126	-6,937.682	-1,104.739	4,864.002	-105,296.603	-13,893.281
? EPS (Earnings Per Share)	-0.010	0.010	-0.080	-0.250	-0.460	-0.040	0.090	-1.340	-0.160
? EPS Diluted	-0.010	0.010	-0.080	-0.250	-0.460	-0.040	0.090	-1.340	-0.160
? Weighted Average Shares Outstanding	14,550	14,550	13,000	14,392.001	15,197.815	30,591.122	55,440.527	78,614.174	87,534.052
? Weighted Average Shares Outstanding Diluted	14,550	14,550	13,000	14,392.001	15,197.815	30,591.122	55,440.527	78,614.174	87,534.052
	USD	USD	USD	USD	USD	USD	USD	USD	USD

Balance Sheet

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023
? Cash And Cash Equivalents	674.515	7,378.920	5,456.778	2,334.425	34.485	405.133	42,398.528	32,691.060	18,180.934
? Short Term Investments	0	0	0	0	0	6,293.922	29,039.761	626.441	46,571.621
? Cash And Short Term Investments	674.515	7,378.920	5,456.778	2,334.425	34.485	6,699.055	42,398.528	33,317.501	64,752.555
? Net Receivables	3.093	28.950	258.415	142.255	1,893.080	97.771	0	736.445	13,855.949
? Accounts Receivables
? Inventory	0	0	0	0	-529.606	1,909.800	0	2,428.697	0
? Total Current Assets	765.427	7,910.963	10,056.660	5,663.732	1,927.565	8,719.429	96,561.290	64,395.273	82,304.516
? Property Plant Equipment Net	21.345	86.683	83.522	723.777	683.626	31,174.120	75,584.039	23,149.391	91,918.275
? Goodwill	0	0	0	0	0	0	0	0	0
? Intangible Assets	0	0	0	0	0	0	0	0	0
? Long Term Investments	100	45.457	45.457	645.457	645.457	0	1,000	1,787.922	4,773.685
? Total Non Current Assets	114.564	1,191.130	2,858.028	6,817.738	4,639.903	31,174.120	83,356.691	36,025.394	107,023.866
? Total Assets	879.991	9,102.093	12,914.688	12,481.470	6,567.468	39,893.549	179,917.981	100,420.667	189,328.382
? Account Payables	13.900	173.810	433.585	355.434	266.047	1,365.716	2,608.899	3,628.619	2,316.343
? Short Term Debt	0	0	0	0	0	336.722	0	0	1,864.779
? Deferred Revenue	0	13.281	0	0	0	-336.722	0	0	13,073.449
? Total Current Liabilities	61.238	282.293	469.232	403.219	1,389.308	1,893.974	5,044.606	7,443.354	27,081.262
? Long Term Debt	0	0	0	0	0	0	0	0	4,351.476
? Deferred Revenue Non Current	0	0	0	0	0	0	0	0	0
? Deferred Tax Liabilities Non Current	0	0	0	0	0	0	462.372	0	112.251
? Total Non Current Liabilities	13.900	187.091	0	0	120	0	3,229.648	3,044.004	9,543.264
? Total Liabilities	61.238	282.293	469.232	403.219	1,509.308	1,893.974	8,274.254	10,487.358	36,624.526
? Treasury Stock
? Preferred Stock	0	0	0	0	0	0	9,050	9,050	9,050
? Common Stock	260	260	130	148.992	148.992	480.438	695.914	824.856	1,074.218
? Retained Earnings	-106.269	48.447	-893.921	-4,319.902	-11,105.447	-15,700.489	-19,876.487	-131,416.011	-146,909.292
? Additional Paid In Capital
? Total Stockholders Equity	818.753	7,859.744	11,840.345	11,611.095	4,750.557	37,999.575	171,643.727	89,933.309	152,703.856
? Total Equity	818.753	8,819.800	12,445.456	12,078.251	5,058.160	37,999.575	171,643.727	89,933.309	152,703.856
? Minority Interest	0	960.056	605.111	467.156	307.603	0	0	0	0
? Total Liabilities And Total Equity	879.991	9,102.093	12,914.688	12,481.470	6,567.468	39,893.549	179,917.981	100,420.667	189,328.382
? Total Investments	100	45.457	45.457	645.457	645.457	6,293.922	1,000	2,414.363	51,345.306
? Total Debt	0	0	0	0	0	336.722	0	0	6,216.255
? Net Debt	-674.515	-7,378.920	-5,456.778	-2,334.425	-34.485	-68.411	-42,398.528	-32,691.060	-11,964.679
	USD	USD	USD	USD	USD	USD	USD	USD	USD

Cash Flow Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023
? Net Income	-106.269	164.811	-996.825	-3,537.126	-6,937.682	1,924.346	4,864.002	-105,296.603	-13,893.281
? Depreciation And Amortization	0	38.973	57.603	82.872	30.199	3,324.655	13,113.964	27,829.730	14,426.733
? Deferred Income Tax	-35.423	25.079	-282.083	-545.572	810.863	-456	404.291	-404.290	-37,279.424
? Stock Based Compensation	0	0	488.334	758.750	1,760	456	21,907.416	2,262.691	9,118.812
? Change In Working Capital	-88.662	-1,321.185	-1,175.912	-1,809	4,742.822	-9,126.061	-76,339.609	32,416.030	48,239.183
? Accounts Receivables	-3.123	-38.288	-208.266	47.043	0	409.221	-104,117.143	0	0
? Inventory	0	0	0	0	0	-409.221	104,117.143	0	0
? Accounts Payables	33.656	-13.592	238.913	2.287	426.567	14,284.286	21,551.220	3,163.976	692.854
? Net Cash Provided By Operating Activities	-230.354	-1,092.322	-1,908.739	-5,050.076	-1,353.798	-3,419.096	-23,258.682	-8,496.028	1,105.588
? Investments In Property Plant And Equipment	-21.552	-108.757	-49.082	-3,333.726	-873.685	-4,505.491	-46,841.220	-19,333.310	-66,659.602
? Acquisitions Net	0	0	17.868	0	0	11.326	0	-59.695	0
? Purchases Of Investments	0	0	0	0	0	-2,458.732	0	-2,000	-2,188.981
? Sales Maturities Of Investments	0	0	0	0	0	2,447.406	0	1,706.665	89.519
? Net Cash Provided By Investing Activities	0	0	0	0	0	0	0	0	0
? Net Debt Issuance	0	0	0	0	0	0	0	0	0
? Long Term Net Debt Issuance	0	0	0	0	0	0	0	0	0
? Short Term Net Debt Issuance	0	0	0	0	0	0	0	0	0
? Net Stock Issuance	0	0	0	0	0	0	0	0	0
? Net Dividends Paid	0	0	0	0	0	0	0	0	-1,600
? Common Dividends Paid
? Preferred Dividends Paid	0	0	0	0	0	0	0	0	0
? Net Cash Provided By Financing Activities	936.600	8,044.569	-389.635	5,944.147	0	5,255	106,186.507	18,713.825	52,223.350
? Effect Of Forex Changes On Cash	-122.148	-139.085	407.446	-82.699	-72.457	0	0	0	0
? Net Change In Cash	562.546	6,704.405	-1,922.142	-2,522.353	-2,299.940	-210.855	41,993.395	-8,387.468	-15,830.126
? Cash At End Of Period	674.515	7,378.920	5,456.778	2,934.425	634.485	419.795	42,398.528	34,011.060	18,180.934
? Cash At Beginning Of Period	111.969	674.515	7,378.920	5,456.778	2,934.425	630.650	405.133	42,398.528	34,011.060
? Operating Cash Flow	-230.354	-1,092.322	-1,908.739	-5,050.076	-1,353.798	-3,419.096	-23,258.682	-8,496.028	1,105.588
? Capital Expenditure	-21.552	-108.757	-49.082	-3,333.726	-873.685	-4,505.491	-46,841.220	-19,333.310	-66,659.602
? Free Cash Flow	-251.906	-1,201.079	-1,957.821	-8,383.802	-2,227.483	-7,924.587	-70,099.902	-27,829.338	-65,554.014
	USD	USD	USD	USD	USD	USD	USD	USD	USD

Analyst Estimates

(* All numbers are in thousands)

Fiscal Year	2021	2022	2023	2024	2025
Estimated Revenue (Low)	90,888.556	27,770.844	81,330.398	124,267.063	128,994.142
Estimated Revenue (High)	124,543.710	36,582.888	90,334.076	132,780.164	228,208.238
Estimated Revenue (Avg)	108,700	32,450	86,851.522	128,685	174,150
Estimated Ebitda (Low)	4,069.366	1,243.387	3,641.417	5,563.826	5,775.472
Estimated Ebitda (High)	5,576.212	1,637.930	4,044.540	5,944.984	10,217.599
Estimated Ebitda (Avg)	4,866.840	1,452.888	3,888.615	5,761.631	7,797.242
Estimated Net Income (Low)	38,577.132	-68,357.968	19,257.491	24,003.588	5,252.043
Estimated Net Income (High)	58,307.308	-47,654.413	27,623.996	36,005.382	27,135.556
Estimated Net Income (Avg)	49,019.069	-58,647.815	23,440.744	29,542.742	16,193.800
Estimated SGA Expense (Low)	71,161.236	21,743.195	63,677.672	97,294.954	100,996.023
Estimated SGA Expense (High)	97,511.555	28,642.589	70,727.106	103,960.290	178,675.745
Estimated SGA Expense (Avg)	85,106.715	25,406.742	68,000.439	100,753.980	136,350.822
Estimated EPS (Avg)	0.560	-0.670	0.270	0.340	0.180
Estimated EPS (High)	0.670	-0.540	0.320	0.410	0.310
Estimated EPS (Low)	0.440	-0.780	0.220	0.270	0.060
Number of Analysts (Estimated Revenue)	1	0	3	3	2
Number of Analysts (Estimated EPS)	0	1	3	3	2

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Current Key Metrics

?	Revenue (TTM) :	108.051M	?	P/S (TTM) :	4.07
?	Net Income (TTM) :	28.306M	?	P/E (TTM) :	-4.59
?	Enterprise Value (TTM) :	375.608M	?	EV/FCF (TTM) :	-2.82
?	Dividend Yield (TTM) :	0	?	Payout Ratio (TTM) :	-0.01
?	ROE (TTM) :	-0.21	?	ROIC (TTM) :	-0.17
?	Net Debt (TTM) :	-246505254	?	Debt/Equity (TTM) :	0.03
?	P/B (TTM) :	0.87	?	Current Ratio (TTM) :	3.9