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Stock Ratings / Financials / BTBT
HTT (35) RWAY (52) HRZN (48) XYF (53) ⌘ Pro Terminal →

Bit Digital Inc. (BTBT) — RQD Stock Rating Cockpit

$0.74 -8.05% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $0.73

Bit Digital Inc. (BTBT) carries a Roarable Rating of E (Strong Sell) with 23/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE E • RED ALERT Cap $288.5M
📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on BTBT Below — or Connect Your Own ChatGPT / Claude
🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is BTBT stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
▼

As of 2026-11-03, Bit Digital Inc. (NASDAQ: BTBT) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 23/100 at a spot price of $0.74 (-8.05% 1D, market cap $288.5M). Pillar breakdown: Fundamental Cash Engine 3/20, Institutional 13F & Options Flow 4/20, SEC Balance-Sheet Forensics 8/20, FRED Macro Regime Fit 5/20, and Executive Insider Alignment 3/20. Across 1097 tracked Financials issuers, BTBT ranks #1074 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does BTBT compare to HTT and RWAY in the Financials sector?
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Within the Financials sector (Finance: Consumer Services), BTBT carries a Roarable E (23/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -12.0%. By comparison, HTT (High Templar Tech Limited each representing one Class A ordinary share) holds a D- grade (35/100 RQD, P/E N/A, ROIC -5.2%, cap $279.5M) and RWAY (Runway Growth Finance Corp.) posts a D+ grade (52/100 RQD, P/E 8.1x, ROIC 7.0%, cap $273.3M). Among the 5-stock peer group, RWAY leads on earnings multiple (8.1x) while XYF leads on capital efficiency (18.8% ROIC).

✓ Pre-computed one-to-many AI Quant brief
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for BTBT?
▼

Per BTBT's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001710350), Bit Digital Inc. generated $113.6M in revenue (+5.1% YoY), -$80.3M in net income, and -$574.9M in free cash flow against $1.17B in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Financials with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief
🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
EXT / AFTER-HRS: $0.73 (-1.64%)🧬 Dilution Drag (+1.28% YoY Shares)⚙️ Cash Engine: 3/20 (E) • 0% FCF Margin
Verify 90D Bucket Audit →
📊 Historical Track Record Warning: Scores below 50 (23/100 · E) historically underperformed SPY in 71% of rolling 90-day windows (-11.1% avg 90D alpha vs SPY • 29.0% hit rate).
Audit Bucket Track Record →
RQD QUANT TACHOMETERRED ALERT • E
025507510023
3-of-3 Quant Analysts Bearish Warning
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR RQD RADARRw E · Rk E
Cash (3)Whales (4)SEC (8)Macro (5)CEO (3)
Each axis scored 0–20
12M PRICE TARGET CONE-16.2% Base Target
$4 Bull$1 Base$0 Bear
📬 FREE BTBT RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for BTBT)Realized 20D OHLCV Swing Band: ±12.5%
Deterministic 5-Pillar Attribution (23/100 Composite)
🔍 WHY BTBT SCORES 23/100 (E) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
▲ #1 Bullish Driver: SEC 10-K Forensic Risk+8/20 pts (35% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 2/9

▲ #2 Bullish Driver: Macro Regime Fit+5/20 pts (22% of score)

FRED Regime × Technicals: 2% of 52W Range • RSI-14 at 32.5 (NEUTRAL RANGE)

▼ #1 Drag / Risk Factor: Insider Conviction & Share Dilution4/20 pts (-16 pt drag)

Dilution Drag (+1.28% YoY Shares) & executive Form 4 sales trim 16 pts from alignment

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current
Q1 (-3Q)
31
Grade E$1.21-25.6% Next Q
Q2 (-2Q)
28
Grade E$0.90+2.2% Next Q
Q3 (-1Q)
26
Grade E$0.92-19.6% Next Q
Current
23
Grade E$0.74-11.1% Hist 90D α
Trajectory: E (31) → E (23)Full Audit →
⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a BTBT Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While BTBT currently carries a cautious 23/100 (E) rating due to Insider Conviction & Share Dilution (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Financials with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($1.37) and Max Pain ($0.78) forces dealer call-delta covering toward $3.87.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Dilution Drag (+1.28% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $BTBT• $2.4M Crowd Pool • Kalshi / Polymarket Composite
Contract: “BTBT Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”
YES 23%NO 77%Trade / Inspect Odds →
RSI-14 MOMENTUMNEUTRAL RANGE
32.530 Oversold · 70 Hot
ALTMAN-Z SHIELDFORTRESS SAFE (>3.0)
3.80>3.0 Fortress Safe
PIOTROSKI F-SCOREWEAK QUALITY (1–4)
2 / 99-Pt Accounting
52-WEEK LASER RANGE2% OF RANGE
L: $1$0.74H: $4
1. Money & Cash Health● WEAK
Are profits real cash in the bank?

Weak cash conversion or heavy valuation strain compared to actual cash earned.

Factor Grade: ERQD 3 / 20
2. Big Money & Insiders● TRIMMING
Are whales & executives buying or selling?

Insiders and big institutional desks have been trimming shares rather than stepping up to buy.

Factor Grade: ERQD 7 / 40
3. Hidden Risks & Market Weather● WARNING
SEC fine-print scan & interest-rate fit

High sensitivity to tight interest rates or new risk warnings added to recent SEC annual filings.

Factor Grade: ERQD 13 / 40
MULTI-MODEL QUANT PANEL DELIBERATION

3-of-3 Quant Analysts Bearish Warning on BTBT

Cash & Moat Bull AI
ROIC & Free Cash Flow Model
BEARISH (15)

-12.0% ROIC with 42.0% gross margin and 2.80% FCF yield.

SEC Forensic Auditor AI
10-K Accruals & Altman-Z Guard
BEARISH (40)

Altman-Z 4.20 and Piotroski 2/9 pass balance-sheet audit.

Whale & Macro Hawk AI
Options Skew, 13F & Fed NetLiq
BEARISH (20)

7/40 institutional & smart-money positioning score with 5/20 macro alignment.

Bull Case: Why Buyers Like BTBT
  • ✓Established market leader in Financials with deep daily trading liquidity.
Bear Case: What Could Go Wrong
  • !Company executives have done more routine share selling than personal cash buying lately.
  • !Sensitive to high interest rates and tighter Federal Reserve market liquidity.
  • !Recent SEC filings added new risk-factor disclosures that warrant keeping an eye on margins.
ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring BTBT)

  • ✓Walkthrough of BTBT's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • ✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • ✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
RQD INSIDER CLUB WAITLIST$49/YR PLANNED
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BTBT // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -55.95%▼ DESCENDING CHANNEL
2026-11-03O $0.93H $0.93L $0.74C $0.74VOL 48.01M
RES: $1.63SUP: $0.56SMA50: $1.37SMA200: $1.61
$2.55$2.06$1.57$1.08$0.59RES $1.63SUP $0.56$0.742026-05-042026-06-172026-08-042026-09-182026-11-03
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

BTBT Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 BTBT Butterfly Map → + Track BTBT →
Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
8.0%/yr Implied 5Y Growth

vs. +5.1% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on BTBT today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for BTBT. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for BTBT today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (BTBT)

Financials Rank #1074 of 1097 ⚔️ HTT vs BTBT Full Matrix →

1. Head-to-Head Financials Peer Comparison (BTBT vs. HTT, RWAY, HRZN, XYF)

Industry: Finance: Consumer Services (156 Tracked Issuers)

Across 1097 tracked Financials securities in the Roarable RQD universe, Bit Digital Inc. (BTBT) ranks #1074 by composite RQD confidence (23/100, grade E) and #818 by equity capitalization ($288.5M). Within this direct 5-issuer industry benchmark cohort, RWAY leads on earnings valuation at 8.1x trailing P/E, while XYF leads on capital efficiency and profitability with 18.8% ROIC and — gross margin. XYF currently holds the highest overall quantitative score in the immediate peer group at 53/100 (D+) compared with BTBT at 23/100 (E).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
BTBT ACTIVE
Bit Digital Inc.
E 23/100 — — -12.0% -8.05% $288.5M Benchmark Subject
HTT
High Templar Tech Limited each representing one Class A ordinary share
D- 35/100 — — -5.2% +0.56% $279.5M /htt-vs-btbt →
RWAY
Runway Growth Finance Corp.
D+ 52/100 8.1x — 7.0% -0.61% $273.3M /rway-vs-btbt →
HRZN
Horizon Technology Finance Corporation
D 48/100 — — -0.8% -1.23% $272.8M /hrzn-vs-btbt →
XYF
X Financial each representing six (Class A)
D+ 53/100 — — 18.8% +1.68% $260.8M /xyf-vs-btbt →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001710350 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Bit Digital Inc. (BTBT) reported GAAP revenue of $113.6M (+5.1% vs. FY2024 revenue of $108.1M , and +152.8% cumulative change since FY2023) , GAAP net income of -$80.3M, operating cash flow of -$288.9M, and free cash flow of -$574.9M (-437.3% YoY). On the balance sheet, BTBT closed FY2025 with $1.17B in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 2/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-12-31 $113.6M -$80.3M -$288.9M -$574.9M $1.17B —
FY2024 (FY) 2024-12-31 $108.1M $28.3M -$13.0M -$107.0M $538.2M —
FY2023 (FY) 2023-12-31 $44.9M -$13.9M $1.1M $1.1M — —

3. BTBT Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is BTBT stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, Bit Digital Inc. (NASDAQ: BTBT) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 23/100 at a spot price of $0.74 (-8.05% 1D, market cap $288.5M). Pillar breakdown: Fundamental Cash Engine 3/20, Institutional 13F & Options Flow 4/20, SEC Balance-Sheet Forensics 8/20, FRED Macro Regime Fit 5/20, and Executive Insider Alignment 3/20. Across 1097 tracked Financials issuers, BTBT ranks #1074 in composite RQD confidence.

How does BTBT compare to HTT and RWAY in the Financials sector?

Within the Financials sector (Finance: Consumer Services), BTBT carries a Roarable E (23/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -12.0%. By comparison, HTT (High Templar Tech Limited each representing one Class A ordinary share) holds a D- grade (35/100 RQD, P/E N/A, ROIC -5.2%, cap $279.5M) and RWAY (Runway Growth Finance Corp.) posts a D+ grade (52/100 RQD, P/E 8.1x, ROIC 7.0%, cap $273.3M). Among the 5-stock peer group, RWAY leads on earnings multiple (8.1x) while XYF leads on capital efficiency (18.8% ROIC).

What are the biggest fundamental strengths and SEC risk factors for BTBT?

Per BTBT's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001710350), Bit Digital Inc. generated $113.6M in revenue (+5.1% YoY), -$80.3M in net income, and -$574.9M in free cash flow against $1.17B in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Financials with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

Where is BTBT trading relative to its 50-day, 200-day, and 52-week technical levels?

BTBT last traded at $0.74 (-8.05% on volume of 49,465,146 shares), positioning the stock -45.99% below its 50-day simple moving average ($1.37) and -54.04% below its 200-day simple moving average ($1.61). Across its 52-week range of $0.80 to $3.69, BTBT sits at the 0.0% percentile with a 14-day RSI of 32.5 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($1.00 to $0.83).

Direct Sub-Reports: BTBT RQD Cockpit BTBT 12M Forecast BTBT Earnings & Move BTBT Dividends & DRIP BTBT Insiders & 13F BTBT Whale Options BTBT Profit Sankey BTBT News & Why
ROARABLE RATING BRIEF • RQD 23/100 (E) ✓ SEC XBRL & RQD VERIFIED

BTBT — Bit Digital Inc.: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Bit Digital Inc. (BTBT) earns a live Roarable RQD composite score of 23/100, corresponding to a E letter grade (Roarable Strong Sell) at a spot price of $0.74 (-8.05% 1D, market capitalization $288.5M).

  • Fundamental Cash Engine (3/20): Anchored by return on invested capital (ROIC) of -12.0%, gross margin of —, operating margin of -60.0%, and free cash flow yield of —.
  • Whale 13F & Options Flow (4/20) + Insider Conviction (3/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (5/20) + Forensic Balance Sheet (8/20): Incorporates a 1.00x equity beta, Altman Z-Score of N/A, Piotroski F-Score of 2/9, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

Bit Digital Inc. (BTBT) is a NASDAQ-listed issuer in the Financials sector, operating in the Finance: Consumer Services industry. The company is categorized as a financial services issuer with a market capitalization of $0.3B.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Bit Digital Inc. (BTBT) reported $113.6M in annual revenue (up from $108.1M in FY2024, +5.1% YoY) and -$80.3M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($44.9M revenue, -$13.9M net income) through FY2025, BTBT scaled operating cash flow to -$288.9M and free cash flow to -$574.9M, backed by $1.17B in total assets against $0 in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • 🐂 Primary Bull Case (E • RQD 23/100): Established market leader in Financials with deep daily trading liquidity. Free cash flow yield of — and institutional whale pillar of 4/20. With Fundamental Cash Engine at 3/20 and Institutional Whale Flow at 4/20, sustained execution supports upside toward the upper end of the $0.80 – $3.69 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh current valuation against -60.0% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

— The Butterfly Supply-Chain Graph reports supply_chain as NONE, with an empty set of butterfly links and proprietary signals, so no upstream or downstream dependencies, sector correlations, or 2nd-order bottlenecks can be identified from the source.

  • Key Question #1: Can BTBT sustain or expand its -60.0% operating margin and -12.0% ROIC against Finance: Consumer Services peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $113.6M and free cash flow of -$574.9M, how will capital allocation balance growth reinvestment against $0 in total debt?
  • Key Question #3: How sensitive is BTBT's equity valuation to Financials capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

BTBT Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Bit Digital Inc. (BTBT) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to BTBT Debate Forum (3) ↓
🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

BTBT Bull vs. Bear Conversation Board — What's Your Call at $0.74?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON BTBT 🐻 33% BEARISH CONVICTION
1. Pick Your Side on BTBT:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
BR BreakoutHunter RQD DEBATE OPENER • Swing & Catalyst Trader 🐂 BULLISH 🎯 Target: $0.96 (+20.0%)
📌 Pinned Debate

Balance sheet is the strongest pillar at 8/20, with Altman Z 2.5, Debt/Equity 0.5, and FY 2025 cash of $118.4M.

Long BTBT at $0.80 targeting $0.96. Balance sheet is the strongest pillar at 8/20, with Altman Z 2.5, Debt/Equity 0.5, and FY 2025 cash of $118.4M.. Institutional whale score is 4/20 and the risk/reward vs. the $0.80 52-week low is skewed heavily in favor of bulls.

CapAlloc_Nerd 🐂 BULL

@BreakoutHunter Agree on the RQD 23/100 quality, though with 1.0 beta I'm scaling in with half-size at $0.80 and keeping dry powder in case we test $0.74.

FA FadeTheHype RQD DEBATE OPENER • Contrarian Tape Reader 🐻 BEARISH 🎯 Target: $0.60 (-25.0%)
Spot @ $0.80

Free cash flow of -$574.9M in FY 2025 alongside ROIC of -12% and a Piotroski F-Score of 2/9 signals a weak cash engine.

Sitting on the sidelines or leaning short BTBT above $0.80. Free cash flow of -$574.9M in FY 2025 alongside ROIC of -12% and a Piotroski F-Score of 2/9 signals a weak cash engine.. Until Fundamental Cash Engine (3/20) and FCF yield (0.0%) inflect higher, upside is capped near $3.69.

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