Bit Digital

BTBT

Financial - Capital Markets · Financial Services

Exchange

NASDAQ

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Weak

Stability

Weak

Valuation

Data not available

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Winston Score History

The full picture

Bit Digital is a company that mines cryptocurrency, mainly Bitcoin and Ethereum, using large warehouses full of specialized computers. These computers solve complex math problems to earn new coins, which the company then holds or sells. Bit Digital also offers cloud computing services, renting out computing power to businesses that need it for tasks like artificial intelligence.

The company earns money by selling the cryptocurrency it mines and by charging fees for its cloud computing services. Bit Digital operates mining facilities across the United States, Canada, and Iceland, and has a market cap of roughly $0.7 billion. Its main competitive edge is its focus on using cleaner, renewable energy sources for mining, which lowers costs and reduces regulatory risk. The biggest risk the company faces is the price of Bitcoin itself — when crypto prices fall sharply, revenue and profits can drop just as fast, making earnings highly unpredictable.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+25.2% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

-531.2% YoY

YoY Growth Rate

Earnings declining

Insider Activity

2.2%ownership

Relatively low insider ownership

Cash Runway

~0 months

$132M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Strong grower

Bit Digital is growing revenue at 25% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

0.0%

Thin — 0.0% gross margin

Profit after running costs

Operating Margin

-257.3%

Losing money on operations — -257.3%

Return on the money invested

ROCE

2.9%

Weak — 2.9% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth

Sales YoY

-21.2%

Shrinking sales (-21.2% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

-276510.7%

Burning cash (-276510.7%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

1.09

Elevated debt (1.09)

Covers its interest

Interest Cover

N/A

—

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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