Company: BTBT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044155
Chunk: 146

Company: Bit Digital, Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 2
Chunk 146
---
, and provides information regarding the dollar increase
or (decrease) during the period.

    For the Three Months Ended March 31,  
    Variance in 

    2025  
    2024  
    Amount 

    Revenues 

    Digital asset mining 
    $7,776,963  
    $21,891,760  
    $(14,114,797)
  
    Cloud services 
     14,842,286  
     8,069,584  
     6,772,702 
  
    Colocation services 
     1,644,663  
     -  
     1,644,663 
  
    ETH staking 
     560,641  
     325,746  
     234,895 
  
    Other 
     280,567  
     99,748  
     180,819 
  
    Total revenues 
     25,105,120  
     30,386,838  
     (5,281,718)

    Operating costs and expenses 

    Cost of revenue (exclusive of depreciation shown below) 

    Digital asset mining 
     (6,123,889) 
     (12,984,932) 
     6,861,043 
  
    Cloud services 
     (6,088,000) 
     (3,157,327) 
     (2,930,673)
  
    Colocation services 
     (545,836) 
     -  
     (545,836)
  
    ETH staking 
     (32,568) 
     (16,433) 
     (16,135)
  
    Depreciation and amortization expenses 
     (7,241,989) 
     (6,845,949) 
     (396,040)
  
    General and administrative expenses 
     (8,235,923) 
     (5,955,740) 
     (2,280,183)
  
    (Losses) gains on digital assets 
     (49,205,227) 
     45,732,577  
     (94,937,804)
  
    Total operating expenses 
     (77,473,432) 
     16,772,196  
     (94