- H.C. Wainwright analyst Kevin Dede initiated coverage of Bit Digital Inc BTBT with a Buy rating and $14 price target, implying a 46% upside.
- Dede notes that the company has transformed "from an obscure technology opportunist to a full-fledged, transparent, North American-based industrial bitcoin miner," Dede notes.
- Dede says Bit Digital is leveraging relationships to build a "formidable" North American footprint and industrial bitcoin mining hash.
- Price Action: BTBT shares traded higher by 3.44% at $9.92 in the premarket session on the last check Thursday.
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