Company: BTBT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110383
Chunk: 121

Company: Bit Digital, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 121
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aking 
     (175,348) 
     (52,496) 
     (122,852)
  
    Depreciation and amortization expenses 
     (25,101,566) 
     (23,575,637) 
     (1,525,929)
  
    General and administrative expenses 
     (61,031,868) 
     (25,118,009) 
     (35,913,859)
  
    Gains on digital assets 
     145,990,197  
     12,277,384  
     133,712,813 
  
    Impairment of digital
    intangible assets 
     (1,836,192) 
     -  
     (1,836,192)
  
    Total
    operating expenses 
     19,944,560  
     (83,201,857) 
     103,146,417 

    Income
    (loss) from operations 
     101,166,847  
     (932,942) 
     102,099,789 

    Net loss from disposal of property, plant
    and equipment 
     (872,998) 
     -  
     (872,998)
  
    Other income, net 
     6,554,459  
     3,013,574  
     3,540,885 
  
    Total
    other income, net 
     5,681,461  
     3,013,574  
     2,667,887 

    Income
    before income taxes 
     106,848,308  
     2,080,632  
     104,767,676 

    Income tax expenses 
     (2,960,941) 
     (2,747,361) 
     (213,580)
  
    Net
    Income (loss) 
    $103,887,367  
    $(666,729) 
    $104,554,096 

Revenue

We
generate revenues from cloud services, colocation services, digital asset mining, and ETH staking businesses.

Revenue
from cloud services

In
the fourth quarter of 2023, we established our cloud-based HPC graphics processing units services, which we term cloud services, a new
business line