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BTCTBTC Digital Ltd.
$1.08$10M
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BTCT logoBTC Digital Ltd.(BTCT)Earnings, Financials & Key Ratios

BTCT•NASDAQ
$1.08
Price updated Jul 7, 2026
SectorConsumer DefensiveIndustryEducation & TrainingSub-IndustryConsumer Learning Platforms and Apps
AboutBTC Digital Ltd. engages in the cryptocurrency/bitcoin mining business. It also engages in mining machines resale and rental business. The company was formerly known as Meten Holding Group Ltd. and changed its name to BTC Digital Ltd. in August 2023. The company was founded in 2006 and is headquartered in Shenzhen, the People's Republic of China.Show more
  • Revenue$12M+28.7%
  • EBITDA$1M+49.7%
  • Net Income-$2M+29.6%
  • EPS (Diluted)-0.01+60.8%
  • Gross Margin0.98%+107.9%
  • EBITDA Margin8.59%+16.3%
  • Operating Margin-22.94%+16.1%
  • Net Margin-17.04%+45.3%
  • ROE-6.7%-80.9%

BTCT Price & Volume

BTC Digital Ltd. (BTCT) stock price & volume — 10-year historical chart

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Persistent Operational Losses Undermine Strategic Pivot

Investment Thesis • Updated 2025Q2

VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Operational Viability and Dilution

Key Thesis Takeaways

  • BTC Digital Ltd.
  • is currently navigating a precarious transition from legacy education services to cryptocurrency mining, a shift that has yet to demonstrate a viable path to profitability.
  • The company faces severe margin compression, with gross margins falling to -22.9% in 2025Q2, while an accumulated deficit of $1.4 billion highlights long-term capital destruction.
  • Investors should remain cautious as the firm continues to burn cash at a rate of $3.0 million per quarter in free cash flow, suggesting that current liquidity may be insufficient to support its capital-intensive mining operations.

Verdict Logic

the company's inability to convert revenue into positive cash flow, coupled with a -84.5% net margin in 2025Q2, suggests a high risk of continued shareholder dilution and operational insolvency.

BTCT Growth Metrics

BTC Digital Ltd. (BTCT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-61.87%
3 Years-74.79%
TTM290.47%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-1461.99%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-22114.41%

Return on Capital

10 Years-53.67%
5 Years-7.07%
3 Years-2.49%
Last Year-8.97%

Latest BTCT News

Recent stock market news and headlines for BTC Digital Ltd. (BTCT)

Newsfile Corp·1 day ago
Bitcoin Treasury Corporation Provides June Update on Normal Course Issuer Bid

Toronto, Ontario--(Newsfile Corp. - July 6, 2026) - Bitcoin Treasury Corporation (TSXV: BTCT) (OTCQB: BTCFF) ("Bitcoin Treasury" or the "Company"), a Canadian Bitcoin-native company building shareholder value in Bitcoin, today is providing an update on its previously disclosed Normal Course Issuer Bid ("NCIB") on January 5, 2026. Bitcoin Treasury has purchased and retired 150,700 common shares from June 1, 2026, through to June 30, 2026, at an average price of $3.77 per share.

PRNewsWire·Jun 29, 2026
BTC Digital Ltd. Announces Closing of Private Placement Financing of up to $28 Million, Accelerating the Expansion of Its AI Computing Business

Approximately US$7 million in upfront proceeds received; financing funds the phased build-out of an 8MW AI computing center in Georgia, U.S., advancing its strategic transition toward AI computing infrastructure. SINGAPORE, June 29, 2026 /PRNewswire/ -- BTC Digital Ltd.

PRNewsWire·Jun 26, 2026
BTC Digital Ltd. Announces Private Placement Financing of up to $28 Million

$7 million in upfront proceeds with the potential to receive up to an additional approximately $21 million of potential aggregate gross proceeds upon the exercise in full of warrants. SINGAPORE, June 26, 2026 /PRNewswire/ -- BTC Digital Ltd.

Newsfile Corp·Jun 23, 2026
Bitcoin Treasury Corporation Announces Voting Results of Annual General and Special Meeting

Toronto, Ontario--(Newsfile Corp. - June 23, 2026) - Bitcoin Treasury Corporation (TSXV: BTCT) (OTCQB: BTCFF) ("Bitcoin Treasury" or the "Corporation") is pleased to announce the voting results from the Corporation's Annual General and Special Meeting of the Shareholders (the "Meeting") held on June 23, 2026. A total of 3,118,230 common shares were voted, representing the votes attached to 31.93% of all outstanding common shares of the Corporation.

Peers Comparison

Key metrics vs top competitors for BTC Digital Ltd. (BTCT)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
BTCT logoBTCTBTC Digital Ltd.Current
$1.08$10.28M-72.9728.68%-17.04%-6.7%—
MARA logoMARAMarathon Digital Holdings, Inc.
$12.05$4.59B-3.2738.2%-234.83%-51.65%—
RIOT logoRIOTRiot Platforms, Inc.
$21.17$8.03B-10.8671.89%-132.76%-28.78%—
CLSK logoCLSKCleanSpark, Inc.
$12.48$3.2B11.14102.21%-67.66%-29.93%—
CIFR logoCIFRCipher Mining Inc.
$20.47$8.31B-9.5248.04%-512.96%-115.53%—
IREN logoIRENIREN Limited
$39.82$14.21B102.09167.65%31.71%9.12%—

Compare BTCT vs Peers

BTC Digital Ltd. (BTCT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MARA

Most directly comparable listed peer for BTCT.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare BTCT against a more recognizable public peer.

Peer Set

Compare Top 5

vs MARA, RIOT, CLSK, CIFR

BTCT SEC Filings & Documents

BTC Digital Ltd. (BTCT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Dec 12, 2024·SEC

Material company update

Dec 9, 2024·SEC

Material company update

Nov 15, 2024·SEC

10-K Annual Reports

1
FY 2024

Apr 15, 2024·SEC

10-Q Quarterly Reports

3
FY 2024

Nov 14, 2024·SEC

FY 2024

Aug 14, 2024·SEC

FY 2024

May 15, 2024·SEC

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BTCT Frequently Asked Questions

BTC Digital Ltd. (BTCT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is BTC Digital Ltd.'s revenue?

BTC Digital Ltd. (BTCT) reported $48.0M in revenue for fiscal year 2024. This represents a 97% decrease from $1.42B in 2018.

How fast is BTC Digital Ltd. growing?

BTC Digital Ltd. (BTCT) grew revenue by 28.7% over the past year. This is strong growth.

Is BTCT profitable?

BTC Digital Ltd. (BTCT) reported a net loss of $35.5M for fiscal year 2024.

Dividend & Returns
What is BTCT's return on equity?

BTC Digital Ltd. (BTCT) has a return on equity (ROE) of -6.7%. Negative ROE indicates the company is unprofitable.

What is BTC Digital Ltd.'s free cash flow?

BTC Digital Ltd. (BTCT) had negative free cash flow of $6.8M in fiscal year 2024, likely due to heavy capital investments.

What if you invested $1,000 in BTCT back in 2018?

Total return calculator · dividends reinvested · 8+ years of data

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