Home/News Feed/Bit Digital upgraded to Buy as it shifts focus from crypto to AI cloud with WhiteFiber asset.

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Bit Digital upgraded to Buy as it shifts focus from crypto to AI cloud with WhiteFiber asset.

Analyst Insights

18 Aug 2026, 17:46 WIB

Seeking Alpha

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Bullish

Bit Digital upgraded to Buy as it shifts focus from crypto to AI cloud with WhiteFiber asset.

Bit Digital (BTBT) has been upgraded to a Buy rating due to its strategic shift from cryptocurrency mining to AI cloud and colocation services, anchored by its key asset, WhiteFiber (WYFI). The company’s Q2 revenue beat was driven by a one-time termination fee, with real growth expected by 2027 when WhiteFiber's $932.9 million backlog is realized. Currently, BTBT trades at a market cap of $571 million, which is below the estimated value of its WhiteFiber stake at $821 million, presenting an attractive risk-reward opportunity. A 1-year price target of $2 to $2.5 is set, though investors should anticipate volatility until the company’s performance improves by 2027.

More News (BTBT)

Bit Digital to release Q3 2026 financial results on Nov 12 with a live webcast and call.

Bit Digital, a company focused on Ethereum infrastructure and AI/HPC equity exposure, announced it will release its financial results for Q3 2026 on November 12 before market open. Senior management will discuss the results in a live webcast and conf...

Company Fundamentals

Neutral

16 hours ago

Bit Digital upgraded to Buy as it shifts focus from crypto to AI cloud with WhiteFiber asset.

More News (BTBT)

Bit Digital to release Q3 2026 financial results on Nov 12 with a live webcast and call.

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