Is BTBT or BTGO more undervalued in 2026?

CirclFi compares Bit Digital, Inc. (BTBT) and BitGo Holdings, Inc. (BTGO) using 13 institutional-grade valuation models. BTBT has a Quality of Company score of 1.4/10 while BTGO scores 1.8/10.

Which is a better buy — BTBT or BTGO?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do BTBT and BTGO valuations compare?

BTBT at $2.03 and BTGO at $6.05 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

BTBT vs BTGO Valuation Comparison 2026 — Intrinsic Value Analysis

BTBT

Capital Markets

Bit Digital, Inc.

Quality

1.4

out of 10

Value Trap

SAFE

Price

$2.03

Last close

Models

10/13

Active

BTGO

Capital Markets

BitGo Holdings, Inc.

Quality

1.8

out of 10

Value Trap

—

Price

$6.05

Last close

Models

9/13

Active

Model-by-Model Comparison

Model	Type	BTBT Fair Value	BTBT Upside	BTGO Fair Value	BTGO Upside
Bayesian DCF	Intrinsic	$0.53	-73.8%	$1.60	-73.5%
First Chicago	Scenario	$2.05	+15.0%	$0.19	-97.5%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$2.80	+37.7%	$10.30	+66.1%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%

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BTBT vs BTGO — Which Stock Is More Undervalued?

BTGO scores higher with a 1.8/10 quality rating vs BTBT's 1.4/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Bit Digital, Inc. (BTBT) and BitGo Holdings, Inc. (BTGO) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

BTBT currently trades at $2.03 with a QOC of 1.4/10, while BTGO trades at $6.05 with a QOC of 1.8/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).