Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 2097

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 7
Chunk 2097
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     - 
  
    Investment in equity securities 
     (16,000,000) 
     (2,188,981) 
     (2,000,000)
  
    Investment in SAFE 
     (1,000,000) 
     -  
     - 
  
    Proceeds received from disposal of subsidiaries 
     176,000  
     -  
     - 
  
    Loss of cash in connection with divestiture of a subsidiary 
     -  
     -  
     (59,695)
  
    Proceeds from disposal of property, plant and equipment 
     772,393  
     -  
     - 
  
    Loan made to third parties 
     -  
     (400,000) 
     - 
  
    Net Cash Used in Investing Activities 
     (149,022,420) 
     (69,159,064) 
     (18,605,265)

    Cash Flows from Financing Activities: 

    Proceeds from issuance of ordinary shares under private placement, net of issuance costs 
     -  
     45,250,801  
     21,010,000 
  
    Payment of liquidated damages related to private placement transactions 
     -  
     -  
     (2,219,355)
  
    Net proceeds from issuance of common stock/At-the-market offering 
     242,857,873  
     8,569,999  
     - 
  
    Cash received from stock option exercise by employee 
     -  
     2,550  
     - 
  
    Withholding of common shares to pay employee withholding taxes 
     -  
     -  
     (76,820)
  
    Payment of dividends 
     -  
     (1,600,000) 
     - 
  
    Net Cash Provided by Financing Activities 
     242,857,873  
     52,223,350  
     18,713,825 

    Net (decrease) increase in cash, cash equivalents and restricted cash 
     80,848,457  
     (15,830,126) 
     (8,387,468)
  
    Effect of exchange rate changes on cash, cash equivalents and restricted cash