Company: BTBT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044155
Chunk: 3

Company: Bit Digital, Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 3
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    $25,105,120  
    $30,386,838 

    Operating costs and expenses 

    Cost of revenues (exclusive of depreciation shown below) 

    Digital asset mining 
     (6,123,889) 
     (12,984,932)
  
    Cloud services 
     (6,088,000) 
     (3,157,327)
  
    Colocation services 
     (545,836) 
     - 
  
    ETH staking 
     (32,568) 
     (16,433)
  
    Depreciation and amortization expenses 
     (7,241,989) 
     (6,845,949)
  
    General and administrative expenses 
     (8,235,923) 
     (5,955,740)
  
    (Losses) gains on digital assets 
     (49,205,227) 
     45,732,577 
  
    Total operating expenses 
     (77,473,432) 
     16,772,196 

    (Loss) income from operations 
     (52,368,312) 
     47,159,034 

    Loss from disposal of property, plant, and equipment 
     (333,620) 
     - 
  
    Other (expense) income, net 
     (4,337,997) 
     4,500,173 
  
    Total other (expense) income, net 
     (4,671,617) 
     4,500,173 

    (Loss) income before income taxes 
     (57,039,929) 
     51,659,207 

    Income tax expenses 
     (671,716) 
     (1,577,350)
  
    Net (loss) income 
    $(57,711,645) 
    $50,081,857 

    Other comprehensive (loss) income 

    Foreign currency translation adjustment 
     (504,670) 
     - 
  
    Comprehensive (loss) income 
    $(58,216,315) 
    $50,081,857 

    Weighted average number of ordinary share outstanding 

    Basic 
     181,413,307  
     114,594,710 
  
    Diluted 
     181