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Stock impact report

Bit Digital (BTBT) Grew ETH Staking Revenue 287%, The Market Hasn't Noticed Yet [Yahoo! Finance]

Bit Digital, Inc. - Ordinary Share (BTBT) 
Company Research Source: Yahoo! Finance
on Bit Digital, Inc. (NASDAQ:BTBT) to $3 from $4 while keeping a Buy rating on the stock. Bit Digital (BTBT) Grew ETH Staking Revenue 287%, The Market Hasn't Noticed Yet Sutton was concerned that Bit Digital is trading at such a steep discount to its modified net asset value. As such, the company raising fresh capital through equity issuance would be highly dilutive and therefore unattractive. Put simply, Bit Digital is highly limited if it wants to fund growth through the market, at least until the valuation gap closes. The analyst noted that the market's skepticism toward Bit Digital's majority stake in WhiteFiber (NASDAQ:WYFI), an AI developer and managed services provider, is the key driver of that valuation discount. Sutton noted that the Bit Digital stock was trading at just 0.63 times book value at the time of the note. This level, he said, implies that the market assigns little premium to the company's operations or strategic assets beyond their liquidation value. Inde Show less Read more
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