Should You Buy This Small Cap Financial Stock-BTBT

Acrobull UK Advisory Services Ltd.

November 20			2025
Name	Ticker	Sector/Industry		Market Cap	Risk Factor
Bit Digital, Inc.	BTBT-NASDAQ	Financial Services		$699.138 Million	High

Bit Digital, Inc., together with its subsidiaries, engages in the institutional grade ethereum treasury and staking business. It also designs and operates data centers and cloud solutions for AI training and inference workloads supported by renewable energy in Canada and Iceland.

Recent Highlights

Bitcoin Mining Update- Bit Digital continued to wind down its bitcoin mining operations during the third quarter as part of its strategic shift toward an Ethereum-focused business model. The Company mined 64.9 BTC, down from 165.4 BTC in the prior-year period, reflecting reduced production due to the ongoing decrease in active hash rate.

As of September 30, 2025, Bit Digital’s active hash rate was approximately 1.9 EH/s, with an average efficiency of roughly 22 J/Th. The bitcoin mining segment delivered an estimated 32% gross margin for the quarter.

Third Quarter 2025 Financial Highlights

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

Revenue from digital asset mining totaled $7.4 million, a 27% decline from $10.1 million in the same period last year. The decrease was attributed to rising network difficulty and a lower active hash rate, and the Company is currently winding down this business segment.

Cloud services generated $18.0 million in revenue, marking a 48% increase compared to $12.2 million in the prior-year quarter.

Revenue from colocation services was $1.7 million, up from zero in the prior-year quarter, as this business was launched in the fourth quarter of 2024.

Stock Observation-Looking ahead, we are confident that our strategic investments in high-growth areas, such as the WhiteFiber business and Ethereum-focused initiatives, will continue to drive revenue growth. With the third quarter of 2025 demonstrating a solid 33% year-over-year increase, we are well-positioned to sustain this upward trajectory as we further scale these business lines and expand into new 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	$2.16 USD
Acrobull Recommendation	Buy
Target Price	$2.45 USD
RSI Level	39 RSI
Total Shares Outstanding	323.63 Million
Shares Held by Insiders Shares Held by Institutions Risk Factor Stop Loss	2.04% 50.83% High 5%