Company: BTBT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110383
Chunk: 249

Company: Bit Digital, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 2
Chunk 249
---
 payable 
     -  
     800,000  
     (800,000)
  
    Other
    payables and accrued liabilities 
     17,274,634  
     13,985,375  
     3,289,259 
  
    Total
    Current Liabilities 
     38,368,041  
     55,026,604  
     (16,658,563)

    Non-Current
    Liabilities 

    Other
    long-term liabilities 
     196,345  
     785,372  
     (589,029)
  
    Non-current
    portion of deferred revenue 
     13,671  
     73,494  
     (59,823)
  
    Non-current
    portion of operating lease liability 
     36,294,655  
     9,276,926  
     27,017,729 
  
    Long-term
    income tax payable 
     3,196,204  
     3,196,204  
     - 
  
    Deferred
    tax liability 
     9,434,308  
     6,409,915  
     3,024,393 
  
    Total
    Non-Current Liabilities 
     49,135,183  
     19,741,911  
     29,393,270 

    Total
    Liabilities 
    $87,503,224  
    $74,768,515  
    $12,734,709 

67

Cash
and cash equivalents

Cash
and cash equivalents primarily consist of funds deposited with banks, which are highly liquid and are unrestricted to withdrawal or use.
The total balance of cash and cash equivalents were $179.1 million and $95.2 million as of September 30, 2025 and December 31, 2024,
respectively. The increase in the balance of cash and cash equivalents was a result of net cash of $452.7 million provided by financing
activities, partially offset by net cash of $189.5 million used in operating activities and net cash of $179.4 million used in investing
activities.

Accounts
receivable, net

Accounts
receivable consists of amounts due from our customers. The total balance of accounts receivable was $17.4 million and $5.3 million as