Bit Digital

BTBT.US traded higher during the regular session, closing up 4.03% at $1.550, driven by better-than-expected Q2 earnings and news of strategic shift toward AI and Ethereum infrastructure. Q2 revenue of $32.1 million beat the IBES estimate of $23.7 million, up 26.82% YoY, but net loss widened to $107.2 million, reflecting high operating costs and impairment charges. The stock opened low at $1.490 and rallied to a session high of $1.570, with an intraday range of 6.06%, ending above the 20-day MA of $1.41 but still below the 60-day MA of $1.695, 65.93% off its 52-week high of $4.55 and down 24.02% YTD. Post-market trading held steady at $1.510. However, persistent losses and a PB of just 1.31x underscore lingering concerns over profitability recovery.

Bit Digital opened higher after Q2 revenue beat estimates, surging to an intraday high of $1.645 before paring gains to close at $1.505, still 67.25% below its 52-week high of $4.55. Q2 revenue of $32.1M topped the $23.7M consensus, driven by cloud services growth; however, net loss remained deep at $146.7M with EPS of -$0.45, worsening 40.75% YoY. The stock barely held above the MA20 ($1.403) but stayed well below the MA60 ($1.698), with YTD loss of 26.96%. Post-market trading slipped further to $1.49, reflecting lingering concerns over persistent losses.

Bit Digital (BTBT.US) surged in Tuesday's regular session, trading at $1.460 as of 09:31 ET, up 8.1% from the prior close of $1.350, with an intraday range of $1.330-$1.460, hitting its highest level in nearly a month. The rally was driven by anticipation of the upcoming Q2 2026 earnings release, as Q1 revenue grew 10.9% YoY to $27.5 million, though net loss widened to $146.7 million due to impairments. Pre-market volume of 579,714 shares was 12.8 times the first minute of regular trading, indicating front-running. The stock remains 67.9% below its 52-week high of $4.55 but has crossed above the 20-day MA of $1.402, narrowing its YTD decline to 28.4%. However, a PB of 1.04x suggests lingering doubts about earnings sustainability.

BTBT.US traded lower during the regular session, closing at $1.315, down 4.71% from the previous close of $1.380. The intraday low was $1.315, while the high of $1.394 occurred in pre-market trading. The weakness was primarily driven by persistently deteriorating earnings: Q1 2026 net loss widened to $146.7 million (up 154% YoY), with a negative EPS of $0.45 and a net margin of -532.5%. Revenue growth of 10.94% YoY to $27.5 million also slowed sharply from Q4 2025's 24.89% pace. The price-to-book ratio of 0.93x suggests the stock trades below book value, while the distance to the 52-week high of $4.55 remains a steep -71.1%. The current price is below both the 20-day ($1.423) and 60-day ($1.721) moving averages, reinforcing the bearish technical picture. However, post-market trading saw the stock recover to $1.380 on 55,230 shares, hinting at some bottom-fishing activity.

BTBT.US staged a strong low-open and rally on the day, oscillating in the 1.250-1.330 range pre-market before dipping to an intraday low of 1.260 at the open. It then trended higher, hitting a session high of 1.400 and closing at 1.380, up 5.3% from the previous close of 1.310. The move was primarily driven by two catalysts: Clear Street reiterating a Buy rating, and the company's investor presentation detailing its ETH treasury, WYFI stake, and market NAV discount, which drew in capital. On the earnings front, Q1 2026 revenue rose 10.94% YoY to $27.54 million, but net loss expanded to $146.67 million, with EPS at -$0.45 and a net profit margin of -532.5%, highlighting persistent margin pressure. Despite today's rally, the intraday high of 1.400 remains well below historical peaks, with the stock still trading near the lower end of its 52-week range. However, post-market trading saw the price ease to 1.380 on significantly lighter volume, suggesting waning follow-through momentum.