Bit Digital, Inc. — financial distress indicators
Financial-health summary
Bit Digital, Inc.'s reported numbers place it in the 'Watch' financial-health band (distress score 44/100). The main indicators are latest year loss-making, deep share-price drawdown and massive shareholder dilution.
Stress by dimension
Share price — last 12 months
Indicators behind the score
Each red flag shows the evidence from the company’s own filings and the financial or legal principle behind it. Points add to the 0–100 score.
Net income is negative.
Losses at a financial institution consume regulatory capital directly.
Price is -68% from its 52-week high.
For financial firms a share-price run often precedes a deposit or funding run (confidence channel).
Share count up +81% in a year.
Survival financing: repeated equity raises at depressed prices.
Total assets grew +118% in a year.
Hyper-growth outpacing risk controls preceded failures such as Yes Bank (2020) and SVB (2023).
Annualised volatility is 89%.
High equity volatility raises the market-implied default probability.
Revenue vs net income
Cash generation
Debt vs cash vs equity
✅ Mitigating factors
- No material mitigating factors found in the available data.
📰 Recent news scan
- Bit Digital, Inc. (BTBT) Stock Slides as Market Rises: Facts to Know Before You TradeYahoo Finance · 2026-10-05
- Bit Digital (BTBT) Stock Fair Value Moves Lower As WhiteFiber And ETH Debate ContinuesYahoo Finance · 2026-10-02
- Bit Digital, Inc. (BTBT) is Attracting Investor Attention: Here is What You Should KnowYahoo Finance · 2026-09-24
- Bit Digital Stock Rises Despite $107.2 Million Q2 LossYahoo Finance · 2026-08-14
- Bit Digital (BTBT) Q2 2026 Earnings Call TranscriptYahoo Finance · 2026-08-14
- Bit Digital Q2 Earnings Miss Despite Revenue Beat on Cloud GrowthYahoo Finance · 2026-08-13
⚖️ U.S. legal pathway — broker-dealer liquidation
- Stockbrokers and commodity brokers cannot reorganise under Chapter 11 (§109(d)); they liquidate under Chapter 7 (subchapters III/IV) or in a SIPA proceeding.
- SIPC protects customer accounts up to $500,000 (including $250,000 cash) for missing customer property — not market losses.
- Net-capital rule (SEC Rule 15c3-1) breaches are the regulatory early warning.
Frequently asked questions
What do Bit Digital, Inc.'s financial-health indicators show?
As of 2026-10-08, Bit Digital, Inc.'s public financial data places it in the 'Watch' band with a distress score of 44/100, driven by latest year loss-making, deep share-price drawdown and massive shareholder dilution. This is a statistical screen of reported numbers — it does not mean the company is insolvent, has defaulted or will enter insolvency proceedings.
What is Bit Digital, Inc.'s financial distress score?
44/100 ('Watch').
What works in Bit Digital, Inc.'s favour?
No material mitigating factors were found in the available data.
How are shareholders treated if a company enters insolvency?
In a Chapter 11 reorganisation the absolute priority rule pays secured lenders, then unsecured creditors, before shareholders — so existing shares are usually cancelled or heavily diluted. In Chapter 7 the company is liquidated and shareholders rarely recover anything.
Other Bank & Finance companies with distress indicators
- CaliberCos Inc. (CWD)Very weak 79/100
- loanDepot, Inc. (LDI)Weak 69/100
- Pineapple Financial Inc. (PAPL)Weak 69/100
- TeraWulf Inc. (WULF)Weak 68/100
- SHF Holdings, Inc. (SHFS)Weak 67/100
- Streamex Corp. (STEX)Weak 67/100
Methodology
Score = capped sum of rule-based red flags across seven dimensions (liquidity, solvency, profitability, cash flow, sales trend, market signal, news). Ohlson O-score (1980) gives an accounting-based 1-year failure probability; Merton distance-to-default (Bharath & Shumway 2008) gives a market-implied probability. Financial institutions use a capital-based rule set. Recalculated every trading day from the latest filings, prices and news.