Company: BTBT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110383
Chunk: 17

Company: Bit Digital, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 17
---
  
     - 
  
    Cash,
    cash equivalents and restricted cash, beginning of period 
     98,934,127  
     18,180,934 
  
    Cash,
    cash equivalents and restricted cash, end of period 
    $182,850,974  
    $105,586,517 

    Supplemental
    Cash Flow Information 

    Cash
    paid for income taxes, net of refunds 
    $225,000  
    $8,000 

    Non-cash
    Transactions of Investing and Financing Activities 

    Reclassification
    of deposits to property and equipment 
    $121,095,949  
    $11,329,194 
  
    Right
    of use assets exchanged for operating lease liability 
    $31,571,520  
    $6,833,407 
  
    Net
    investment in sales-type lease of equipment 
    $7,939,715  
    $6,425,329 
  
    Issuance
    of subsidiary shares to employees in settlement of RSUs 
    $5,876,992  
     - 

Reconciliation
of cash, cash equivalents and restricted cash

    September 30,  
    December 31, 

    2025  
    2024 
  
    Cash and cash equivalents 
    $179,118,182  
    $95,201,335 
  
    Restricted cash 
     3,732,792  
     3,732,792 
  
    Cash,
    cash equivalents and restricted cash 
    $182,850,974  
    $98,934,127 

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

5

BIT
DIGITAL, INC.

NOTES
TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

1. ORGANIZATION
AND PRINCIPAL ACTIVITIES

Bit
Digital, Inc. (“BTBT” or the “Company”), is a holding company incorporated on February 17, 2017, under the laws
of the Cayman Islands. The Company is a digital asset platform focused on Ethereum (ETH)-native treasury, staking strategies and engaged
in the digital asset mining business. Through our controlling majority equity stake in WhiteFiber Inc. (Nasdaq: WYFI), the Company also