H.C. Wainwright Maintains a Buy Rating on Bit Digital (BTBT)

Group 1 - Bit Digital, Inc. (NASDAQ:BTBT) is identified as a promising stock under $5 with significant upside potential, supported by a Buy rating and a $7 price target from H.C. Wainwright analyst Kevin Dede [1] - The company's strategic shift from Bitcoin to Ethereum and its focus on high-performance computing (HPC) infrastructure positions it advantageously in the evolving crypto and technology landscape [2] - Bit Digital holds a considerable stake in WhiteFiber, which is involved in HPC-AI cloud and colocation services, and is currently trading at a discount compared to its peers, indicating potential for future appreciation [3] Group 2 - Bit Digital is headquartered in New York City and operates as a holding company providing a platform for digital assets and AI infrastructure, with Bitcoin mining operations across the US, Canada, and Iceland [4]