Bit Digital Inc. (NASDAQ:BTBT) is one of the crypto stocks with huge upside potential. On March 5, Bit Digital Inc. (NASDAQ:BTBT) announced it held about 155,434 Ethereum as of the end of February. The total value of ETH holdings was $305.4 million, based on an average price of $1,965.

Photo by Austin Distel on Unsplash

The average price of the total Ethereum acquired as of the end of February stood at $3,045. The company also had 138,269 ETH, or 89% of its total ETH holding, staked. Staking operations generated about 313.9 ETH as of February with an annualized yield of 2.7%.

Noble Capital Markets analysts have reiterated an Outperform rating on Bit Digital Inc following the company’s February Ethereum, treasury, and staking data. The firm maintains a $5.50 price target on the stock, implying significant upside potential.

According to Noble Capital Markets, Bit Digital is well-positioned to capitalize on its digital treasury model, given its asset-light operating approach.

“The transformation into an Ethereum Treasury with a large ownership stake in WhiteFiber has positioned the company to capitalize on two new trends, in our view,” the analysts wrote.

Bit Digital Inc. (NASDAQ:BTBT) is a strategic asset company that operates at the intersection of digital assets and high-performance computing (HPC). It focuses on Ethereum (ETH) staking, artificial intelligence (AI) cloud services, and Bitcoin mining. It also provides specialized infrastructure for AI, staking services, and maintains a large, liquid treasury of digital assets.

While we acknowledge the potential of BTBT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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