Company: BTBT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044155
Chunk: 7

Company: Bit Digital, Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 7
---
050,000  
     182,766,342  
     1,828,963  
     (129,986) 
     (1,171,679) 
     565,702,081  
     (155,921,306) 
     (2,070,166) 
     417,417,893 

The accompanying notes are an integral part of
these unaudited condensed consolidated financial statements. 

3

BIT DIGITAL, INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS
OF CASH FLOWS

For the Three Months Ended March 31, 2025 and
2024

(Expressed in US dollars)

    For the Three Months Ended March 31, 

    2025  
    2024 
  
    Cash Flows from Operating Activities: 

    Net (loss) income 
    $(57,711,645) 
    $50,081,857 
  
    Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: 

    Depreciation and amortization expenses 
     7,241,989  
     6,845,949 
  
    Loss from disposal of property, plant, and equipment 
     333,620  
     - 
  
    Losses (gains) on digital assets 
     49,205,227  
     (45,732,577)
  
    Share-based compensation expenses 
     252,390  
     492,599 
  
    Realized and unrealized gains on digital assets held within Investment Fund 
     -  
     (3,007,862)
  
    Changes in fair value of investment security 
     4,692,428  
     (454,705)
  
    Digital assets mined 
     (7,776,963) 
     (21,891,760)
  
    Digital assets earned from staking 
     (560,641) 
     (325,746)
  
    Changes in operating assets and liabilities: 

    Digital assets and stable coins 
     32,541,117  
     396,210 
  
    Operating lease right-of-use assets 
     1,096,155  
     460,955 
  
    Deferred revenue 
     (9,520,254)