Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 1520

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 4
Chunk 1520
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 we are
not subject to Pillar Two global minimum tax. For more details on the Company’s tax profile, see Note 15. Income Taxes to our consolidated
financial statements.

Net income (loss) and earnings (loss) per share

For the year ended December 31, 2023, our net
loss was $13.9 million, representing a change of $91.4 million from a net loss of $105.3 million for the year ended December 31, 2022.

Basic and diluted loss per share was $0.16 and $1.34 for the years
ended December 31, 2023 and 2022, respectively. Weighted average number of shares was 87,534,052 and 78,614,174 for the years ended December
31, 2023 and 2022, respectively. 

Discussion of Certain Balance Sheet Items

The following table sets forth selected information
from our consolidated balance sheets as of December 31, 2024 and December 31, 2023. This information should be read together with our
consolidated financial statements and related notes included elsewhere in this report. 

    December 31,  
    December 31,  
    Variance in 

    2024  
    2023  
    Amount 
  
    ASSETS 

    Current Assets 

    Cash and cash equivalents 
    $95,201,335  
    $16,860,934  
    $78,340,401 
  
    Restricted cash 
     3,732,792  
     1,320,000  
     2,412,792 
  
    Accounts receivable 
     5,267,863  
     -  
     5,267,863 
  
    USDC 
     411,413  
     405,596  
     5,817 
  
    Digital assets 
     161,377,344  
     40,456,083  
     120,921,261 
  
    Digital assets held in fund 
     -  
     6,115,538  
     (6,115,538)
  
    Net investment in lease - current 
     2,546,519  
     -  
     2,546,519 
  
    Other current assets 
     28,319,669