Should You Buy This Small Cap Blockchain Stock Now-BTBT

Acrobull UK Advisory Services Ltd.

December 19			2025
Name	Ticker	Sector/Industry		Market Cap	Risk Factor
Bit Digital Inc.	BTBT-NASDAQ	Blockchain		$653.823 Million.	Medium

Bit Digital, Inc. and its subsidiaries focus on the institutional-grade Ethereum treasury and staking business. The company also designs and operates data centers and cloud solutions for AI training and inference workloads, powered by renewable energy in Canada and Iceland.

Recent Highlights

Recent Highlights- In October 2025, Bit Digital acquired approximately 31,057 ETH using the net proceeds from its $150 million convertible notes offering, which included the full exercise of the underwriters' over-allotment option. The convertible notes have an initial conversion price of $4.16 per share, which represents an 8.2% premium to the company's estimated mNAV at the time of the deal's pricing.

During the third quarter of 2025, Bit Digital earned approximately 644.3 ETH from native staking and 52.9 ETH from liquid staking. As of September 30, a total of 99,936 ETH were actively staked, yielding an annualized effective return of approximately 3.05% for the quarter. By October 31, 2025, the company had 132,480 ETH actively staked.

Third Quarter 2025 Financial Highlights

Total revenue for the third quarter of 2025 reached $30.5 million, marking a 33% increase from $22.8 million in the third quarter of 2024. This growth was mainly driven by expansion in the WhiteFiber business lines and higher revenue from ETH staking.

Revenue from digital asset mining totaled $7.4 million, which is a 27% decline from $10.1 million in the same period last year. This decrease was primarily due to increased network difficulty and a reduction in active hash rate, as the company moves towards winding down this business segment.

Revenue from cloud services amounted to $18.0 million, reflecting a 48% increase from $12.2 million in the previous year’s quarter.

Revenue from colocation services reached $1.7 million, a new addition to the business, as it was launched in the fourth quarter of 2024.

Stock Observation-Looking ahead, while Bit Digital expects continued growth driven by its WhiteFiber business and ETH staking, the company remains cautious about the crypto market’s volatility. The ongoing challenges in the crypto space, including regulatory uncertainties and market fluctuations, may impact future performance. As such, while we are optimistic about the potential for further revenue growth, we will continue to monitor market conditions closely and adjust our strategies accordingly to mitigate risks and capitalize on emerging opportunities.

Risk Involved- Financial performance of the company may have an impact on the company stock performance.

Considering all the factors and financials of the company Acrobull UK maintains Buy for the stock.

Disclaimer- Though our research is fundamentally and technically based on Acrobull UK only provides general advice on the stocks and it is imperative for the investors to do the risk assessment for themselves before investing as Acrobull UK would not be liable for any loss or profit arising out through the investment made by the investors on our recommendations.

It is also advisable for the investors to consult with Financial Advisor, Broker or to seek any legal assistance as the research conducted by Acrobull UK is factually based and recommendations are given in accordance with that, but it is imperative to understand that Acrobull UK does not guarantee returns.

Acrobull UK Recommendation Based on Evaluation

Current Market Price	$2.02 USD
Acrobull Recommendation	Buy
Target Price	$2.25 USD
RSI Level	39 RSI
Total Shares Outstanding	125.83 Million
Shares Held by Insiders Shares Held by Institutions Risk Factor Stop Loss	2.04% 50.42% Medium 5%