H.C. Wainwright Sees 46% Upside In Bit Digital - Read Why - Bit Digital (NASDAQ:BTBT)

H.C. Wainwright analyst Kevin Dede initiated coverage of Bit Digital Inc (NASDAQ: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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