Bit Digital, Inc. (BTBT) - Not Halal (Non-Compliant)
Bit Digital, Inc. (BTBT) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Financial Services
- Industry
- Capital Markets
- Result
- Doubtful
- Reason
- This company requires further review: the industry "Capital Markets" has mixed revenue streams that require further analysis. The sector "Financial Services" is not categorically excluded, but deeper analysis is recommended.
Financial Ratios
- Debt Ratio
- Value: 66.9% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 19.3% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 0.0% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.00%.Based on the company's financial statements, approximately 0.00% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.00% of total income). Some scholars may differ on the exact calculation method.
About Bit Digital, Inc.
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.
Frequently Asked Questions
Is Bit Digital, Inc. (BTBT) stock halal to invest in?
According to AAOIFI Shariah screening standards, Bit Digital, Inc. (BTBT) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does Bit Digital, Inc. have any interest income?
Bit Digital, Inc.'s interest income ratio is 19.3% of total revenue. AAOIFI standards require this to be below 30%.

