BTC Digital Ltd risk profile
77 Stretched several inputs deteriorating together
Measured 1 September 2026 from BTCT's filed statements. Recomputed nightly.
77 (Stretched), driven by Cash conversion at 100, over 5 weighted categories on the MANUFACTURER profile.
What is measured
| Mechanism | Reading | Band | Direction | Driver |
|---|---|---|---|---|
| Market expectation | 70 | Stretched | Volatile | One-year price volatility — 155.1% |
| Operating pressure | 81 | Acute | Worsening | Costs outgrowing revenue — +38.9 percentage points |
| Cash conversion | 100 | Acute | Stable | Capital spending against operating cash — -1.62x |
| Leverage and coverage | 80 | Acute | Worsening | Net debt to EBITDA |
| Competitive position | 69 | Stretched | Stable | Operating-margin gap against peers — -47.1 percentage points |
| Concentration | Reads identified supplier spend, customers above the 10% disclosure threshold and revenue by region. No reading is stored for this company. | |||
These are descriptive readings of disclosed mechanisms, not investment advice, and not a prediction. A band says where a measured input sits, never what to do about it or what happens next.