Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 1422

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 3
Chunk 1422
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58,591,608  
    $44,240,418  
    $32,270,689 
  
    Cloud services 
     45,727,735  
     -  
     - 
  
    Colocation services 
     1,361,241  
     -  
     - 
  
    ETH staking 
     1,819,876  
     675,713  
     25,904 
  
    Other revenue 
     550,260  
     -  
     - 
  
    Total segment and consolidated revenue 
    $108,050,720  
    $44,916,131  
    $32,296,593 

    Reportable segment cost of revenue: 

    Digital asset mining 
     (42,307,012) 
     (29,505,783) 
     (20,374,633)
  
    Cloud services 
     (19,508,252) 
     -  
     - 
  
    Colocation services 
     (490,501) 
     -  
     - 
  
    ETH staking 
     (72,067) 
     (50,802) 
     - 
  
    Total segment and consolidated cost of revenue 
    $(62,377,832) 
    $(29,556,585) 
    $(20,374,633)

    Reconciling Items: 

    Depreciation and amortization expenses 
     (32,311,056) 
     (14,426,733) 
     (27,829,730)
  
    General and administrative expenses 
     (41,508,279) 
     (27,668,592) 
     (22,984,784)
  
    Gains on digital assets 
     55,709,711  
     -  
     - 
  
    Realized gain on exchange of digital assets 
     -  
     18,789,998  
     6,548,841 
  
    Impairment of digital assets 
     -  
     (6,632,437) 
     (24,654,267)
  
    Impairment of property and equipment 
     -  
     -  
     (50,038,650)