10 Most Undervalued AI Stocks to Buy According to Analysts

2. Bit Digital, Inc. (NASDAQ:BTBT)

P/E Ratio: 7.76

No. of Hedge Fund Investors: 6

Analyst Upside: 159.74%

Bit Digital, Inc. (NASDAQ:BTBT) is one of the 10 Most Undervalued AI Stocks to Buy According to Analysts. On June 25, Bit Digital, Inc. (NASDAQ:BTBT) announced that it is becoming a pure-play Ethereum (ETH) staking and treasury company.

Bit Digital initiated a strategic transition to ETH staking. The company started accumulating ETH and operating staking infrastructure in 2022 and has increased its holdings over time. The company held nearly 24,434.2 ETH and 417.6 BTC, as of March 31, 2025. These assets were valued at almost $44.6 million and $34.5 million, respectively. The company is planning to convert its Bitcoin holdings into Ethereum over time.

With the decision to transition into an ETH staking firm, Bit Digital has initiated a strategic alternative process for BTC mining operations. This process is expected to result in their sale or wind-down, with net proceeds to be reinvested into ETH. The company has also signed an underwriting agreement with B. Riley Securities for a public offering of 75 million ordinary shares at $1.90 per share. The company expects to raise approximately $162.9 million if the option for additional shares is exercised. The proceeds will be dedicated to ETH purchasing.

Bit Digital, Inc. (NASDAQ:BTBT) is a digital asset production company which is now targeting Ethereum staking. The company has operations in high-performance computing and artificial intelligence, becoming a significant provider of AI infrastructure.