Company: BTBT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110383
Chunk: 261

Company: Bit Digital, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 2
Chunk 261
---
 deferred
revenue of $23.0 million, a decrease in accounts receivable of $12.2 million, a decrease in other payable and accrued liabilities of
$0.8 million, an increase in other current assets of $3.4 million, an increase in other non-current assets of $3.4 million, an increase
in net investment in lease of $2.3 million, an increase in account payable of $4.2 million, an increase in operating lease right-of-use
assets of $3.9 million, a decrease in lease liability of $3.5 million.

Net
cash used in operating activities was $20.3 million for the nine months ended September 30, 2024, derived mainly from (i) a net loss
of $0.7 million for the nine months ended September 30, 2024 adjusted for digital assets of $48.1 million from our mining services, depreciation
expenses of property and equipment of $23.6 million, and gains on digital assets of $12.3 million, and (ii) net changes in our operating
assets and liabilities, principally comprising of an increase in deferred revenue of $16.9 million, increase in accounts receivable of
$3.9 million, increase in other payable and accrued liabilities of $0.3 million, an increase in net investment in lease of $3.7 million,
an increase in accounts payable of $5.1 million, an increase in other current assets of $6.2 million, and an decrease in other non-current
assets of $1.0 million.

Investing
Activities

Net
cash used in investing activities was $164.1 million for the nine months ended September 30, 2025, primarily attributable to purchases
of and deposits made for property, plant, and equipment of $164.0 million, investment in equity securities of $2.0 million, and partially
offset by proceeds from disposal of property, plant and equipment of $2.0 million.

Net
cash used in investing activities was $24.0 million for the nine months ended September 30, 2024, primarily attributable to purchases
of and deposits made for property and equipment of $7.2 million, investment in a SAFE of $1.0 million and investment in two equity investees
of $16.0 million.

Financing
Activities

Net
cash provided by financing activities was $452.7 million for the nine months ended September 30