Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 322

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1
Chunk 322
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, 2023, respectively 
     (1,171,679) 
     (1,171,679)
  
    Additional paid-in capital 
     553,583,437  
     290,660,609 
  
    Accumulated deficit 
     (98,209,661) 
     (146,909,292)
  
    Accumulated other comprehensive loss 
     (1,565,496) 
     - 
  
    Total Shareholders’ Equity 
     463,479,149  
     152,703,856 
  
    Total Liabilities and Shareholders’ Equity 
    $538,247,664  
    $189,328,382 

The accompanying notes are an integral part of
these consolidated financial statements.

F-4

BIT DIGITAL, INC.

CONSOLIDATED STATEMENTS
OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Years Ended December 31, 2024, 2023,
2022

(Expressed in US dollars, except for the number
of shares)

    For the Years Ended December 31, 

    2024  
    2023  
    2022 

    Revenues 

    Digital asset mining 
    $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 
     550,260  
     -  
     - 
  
    Total revenues 
    $108,050,720  
    $44,916,131  
    $32,296,593 

    Operating costs and expenses 

    Cost of revenues (exclusive of depreciation shown below) 

    Digital asset mining 
     (42,307,012) 
     (29,505,783) 
     (20,374,633)
  
    Cloud services 
     (19,508,252) 
     -  
     - 
  
    Colocation services 
     (490,501)