Diligence memo · auto-generated · as of July 2, 2026
Bit Digital, Inc
Bit Digital, Inc looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Bit Digital, Inc operates in Software / Tech, based in NEW YORK.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Bit Digital, Inc has raised $81M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $80M on 2021-10-04.
Most recent recorded round closed around 2021-10-04.
Valuation (modeled)modeled
Provath models Bit Digital, Inc at approximately $1.7B (range $303M–$3.8B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.14× the median modeled value of Series C Software / Tech companies in 2019–2021 (58 peers) — value vs value, same stage and era. Within the normal band (114% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 8 months.
Last raise 4.7 yr ago; this sector typically re-raises about every 13 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 72.7× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 94% of Software / Tech peers (3920 compared).
Modeled value ranks above 97% of those peers.
Closest niche peers: Romeo Systems, Inc., Enjoy Technology, Inc., Aircall.io, Inc., Jane Technologies, Inc., Turntide Technologies Inc..
Peoplefiled
1 named person on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.