Is Bit Digital, Inc (BTBT) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Capital Markets | ✗ NOT HALAL | |||
| DJIM | Excluded — Capital Markets | ✗ NOT HALAL | |||
| MSCI | Excluded — Capital Markets | ✗ NOT HALAL | |||
| S&P | Excluded — Capital Markets | ✗ NOT HALAL | |||
| FTSE | Excluded — Capital Markets | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 53.3% | |
| Operating Margin | -606.1% | |
| Net Margin | -71.7% | |
| Return on Equity (ROE) | -12.8% | |
| Return on Assets (ROA) | -6.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$13M |
| Free Cash Flow | -$107M |
| Total Debt | $14M |
| Debt-to-Equity | 15.5 |
| Current Ratio | 6.4 |
| Total Assets | $538M |
Price & Trading
| Last Close | $1.44 |
| 50-Day MA | $1.79 |
| 200-Day MA | $2.60 |
| Avg Volume | 26.8M |
| Beta | 4.0 |
|
52-Week Range
$1.29
| |
About Bit Digital, Inc (BTBT)
Bit Digital, Inc., together with its subsidiaries, engages in the institutional grade ethereum treasury and staking business. The company designs and operates data centers that provides hosting and colocation services; and cloud solutions for AI training and inference workloads. It is also involved in digital asset mining business. The company was formerly known as Golden Bull Limited and changed its name to Bit Digital, Inc. in September 2020. Bit Digital, Inc. was founded in 2015 and is headquartered in New York, New York.
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Frequently Asked Questions
Is Bit Digital, Inc (BTBT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Bit Digital, Inc is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Bit Digital, Inc's debt ratio?
Bit Digital, Inc's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Bit Digital, Inc's key financial metrics?
Bit Digital, Inc has a market capitalization of $424M, trailing P/E ratio of 2.0, and revenue of $164M. The company maintains a gross margin of 53.3% and a net margin of -71.7%. Return on equity stands at -12.8%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.