Company: BTBT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076608
Chunk: 66

Company: Bit Digital, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 66
---
     6,977,443 
  
    Datacenter lease expense 
     -  
     1,306,110  
     -  
     1,306,110 
  
    GPU lease expense 
     -  
     5,912,240  
     -  
     5,912,240 
  
    Service costs - ETH staking 
     -  
     -  
     28,218  
     28,218 
  
    Other segment items (b) 
     1,280,628  
     307,857  
     12,671  
     1,601,156 

    Segment gross profit 
    $14,448,880  
    $12,814,153  
    $658,669  
    $27,921,702 

  (a) Other revenue is primarily attributable to Equipment Leasing and is therefore not included in the total for segment gross profit. 

  (b) All amounts included within Other segment items are individually insignificant. 

37

The following table presents the reconciliation
of segment gross profit to net (loss) income before taxes:

    For the Three Months Ended  June 30,  
    For the Six Months Ended  June 30, 

    2025  
    2024  
    2025  
    2024 

    Segment gross profit 
    $12,137,271  
    $13,793,304  
    $24,199,111  
    $27,921,702 

    Reconciling Items: 

    Other profit (a) 
     337,930  
     92,504  
     618,497  
     192,252 
  
    Depreciation and amortization expenses 
     (8,223,538) 
     (8,346,633) 
     (15,465,527) 
     (15,192,582)
  
    General and administrative expenses 
     (19,667,364) 
     (5,480,519) 
     (27,937,121) 
     (11,436,259)
  
    Gains (losses) on digital assets 
     27,154,706  
     (11,538,949)