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Q2 2024 EPS Estimates for Bit Digital, Inc. Cut by Analyst (NASDAQ:BTBT) | news.google.com • |
Bit Digital's (BTBT) “Buy” Rating Reaffirmed at HC Wainwright | news.google.com • |
Bit Digital, Inc. (BTBT) Stock Moves -0.55%: What You Should Know | news.google.com • |
How many BT shares would I need to earn a £10,000 second income? | news.google.com • |
Buy BT shares says this leading investment bank; here's why | news.google.com • |
BT proves investors wrong as shares soar 17% in boost for new boss | news.google.com • |
Date | For | Estimate | Reported | Surprise | surprise % |
---|---|---|---|---|---|
2024-05-15 | 2024-03 | 0.01 | 0.03 | 0.02 | 200.00% |
2024-03-18 | 2023-12 | -0.06 | N/A | N/A | N/A |
2024-03-18 | 2023-12 | -0.06 | -0.02 | 0.04 | 66.67% |
2023-11-14 | 2023-09 | -0.07 | N/A | N/A | N/A |
2023-11-14 | 2023-09 | -0.07 | -0.03 | 0.04 | 57.14% |
2023-08-15 | 2023-06 | -0.11 | 0.02 | 0.13 | 118.18% |
Date | Firm | Action | From | To |
---|---|---|---|---|
2023-08-16 | HC Wainwright & Co. | Upgrade | Buy | Buy |
2023-06-13 | HC Wainwright & Co. | Upgrade | Buy | |
2023-05-02 | HC Wainwright & Co. | Upgrade | Buy | |
2022-12-08 | HC Wainwright & Co. | Upgrade | Buy | |
2022-06-05 | HC Wainwright & Co. | Upgrade | Buy | |
2021-09-22 | HC Wainwright & Co. | Upgrade | Buy |
Report Date | Organization | Position | Value | Percentage |
---|---|---|---|---|
2023-06-29 | Blackrock Inc. | 5.36M | 21.76M | 6.50% |
2023-06-29 | State Street Corporation | 3.64M | 14.78M | 4.41% |
2023-06-29 | Mirae Asset Global Investments Co., Ltd. | 1.54M | 6.25M | 1.87% |
2023-06-29 | Van Eck Associates Corporation | 1.20M | 4.87M | 1.45% |
2023-06-29 | Geode Capital Management, LLC | 1.07M | 4.36M | 1.30% |
2023-06-29 | Vident Investment Advisory, LLC | 932.26K | 3.78M | 1.13% |
Report Date | Organization | Position | Value | Percentage |
---|---|---|---|---|
2023-08-30 | SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF | 2.17M | 5.10M | 2.63% |
2023-08-30 | iShares Russell 2000 ETF | 1.66M | 3.91M | 2.02% |
2023-09-29 | Global X Fds-Global X Blockchain ETF | 1.30M | 2.78M | 1.58% |
2023-06-29 | Exchange Traded Concepts Tr-Bitwise Crypto Industry Innovators ETF | 1.02M | 4.14M | 1.24% |
2023-09-29 | VanEck ETF Trust-VanEck Digital Transformation ETF | 992.06K | 2.12M | 1.20% |
2023-07-30 | Fidelity Small Cap Index Fund | 638.09K | 2.83M | 0.77% |
Split | Date |
---|---|
0.2 : 1 | 2000-01-24 |
0.2 : 1 | 1999-03-31 |
Earnings were not so great. Excluding mark to market of Crypto assets (which is non-recurring) they made EPS of 2 cents and they diluted the shareholders issuing 17.1 million new shares YTD 2024 which is very bad.
Also this is pre- halving meaning that Q2 will not be profitable unless the AI business grows significantly.
Need to stop the dilution. Issuing new shares at ATM and buying ETH is not good to the shareholders!
107,421,813 share outstanding on December 31,2023.
121,133,747 shares outstanding on March 31, 2024.
They issued 12,871,934 new shares during Q1 2024 for a consideration of $38.7 million (3$ per share).
Subsequent event - during Q2 until April 30, 2024, they issued another 4,227,345 new shares for a consideration of $9.5 million (2.25$ per share).
This pattern is driving the stock downwards.
It has to STOP!
Stop ATM stop dilution. If they announce they stopped we will double.
Stop ATM , stop dilution.
ER was OK not great. If we neutralize the gains from mark to market of crypto assets we get EPS of just 2 cents per share. Good news is the high contribution of the new AI business which will continue to grow during next quarters.
Main issue is the dilution and more ATM sale of share which continued after the balance sheet date (see subsequent event another 4.2 million shares ATM).
They must stop it - no logic for the dilution. The company has no debt and no use for the additional money from share issuance. It is killing the stock!
Did they publish a full P&L and balance sheet?
What is the real sustainable profit excluding the mark to market of the BTC/ ETH they hold?
They will beat and raise guidance.
5$ is coming in few weeks.
More than 22 million shares in short…
Squeeze is coming. Just need a trigger.
You guys are welcome. I sold yesterday.
Tomorrow 3.0$+
Good earning, great business model, no debts…
It will be the first to recover from halving in the next cycle when BTC will get to 80K and then to 100K$.
Well algo8888 you look panic…
It went down due to halving. This is fully price.
Book value is 1.5$…
And will buy 60K more if it falls to 2.0$
Bought 22K more now holding 140K shares.
We are set to explode.
Fasten your seatbelt!
No more short available the stock is fully shorted…
The stock is extremely cheap. Will pop up during next few days. Maybe the trigger is BTC above 80K$.
Only brave buys the dip.
Halving is priced in, lots of shorts playing on halving but here they are mistaken because we also have AI business and no debts.
Great opportunity to accumulate more.
I underestimated the income from AI. CEO says it will reach $100 million annualized income (at least) by the end of 2024.
Say 30% margin (probably much more) we will have run rate operating income of 30$ million starting 2025.
This by itself justifies 6$ a share.
Crypto mining will reach at least 1,800 BTC equivalents in 2025 so another 54$ million operating profit (70K BTC minus say 40K cost per unit =30K profit times 1,800 = $54 million.
We all know BTC will reach much higher level during next 12 months.
Altogether the stock should reach 30$ within next 12 months!