Bit Digital (BTBT) expects profitability in the second quarter of 2025, boosting investor confidence
Source: CoinWorld
Time: 2025-09-16 17:54:19
Bit Digital shares rose 19% last quarter, mainly due to broader market optimism such as improved earnings and turning profits in the second quarter of 2025, Justin Zhu's appointment as chief accounting officer, and the Nasdaq high and Fed's expectation of a rate cut. The company's strategic focus to Ethereum funding and staking is seen as a growth catalyst, with analysts predicting its annual revenue to grow by 42.9% and its target price will be raised to $5.7 from its current $2.97. Despite a 133.86% total shareholder return over the past three years, the company has performed worse than the U.S. market and software industry in the past year due to strategic transformation challenges.