Company: BTBT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044155
Chunk: 1

Company: Bit Digital, Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 1
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     7,965,671  
     9,579,884 
  
    Total Non-Current Assets 
     297,224,386  
     241,390,729 

    Total Assets 
    $485,248,574  
    $538,247,664 

    LIABILITIES AND SHAREHOLDERS’ EQUITY 

    Current Liabilities 

    Accounts payable 
    $1,812,165  
    $3,418,172 
  
    Current portion of deferred revenue 
     21,175,064  
     30,698,458 
  
    Current portion of operating lease liability 
     5,030,826  
     4,529,291 
  
    Dividend payable 
     -  
     800,000 
  
    Income tax payable 
     1,910,726  
     1,595,308 
  
    Other payables and accrued liabilities 
     18,322,256  
     13,985,375 
  
    Total Current Liabilities 
     48,251,037  
     55,026,604 

    Non-Current Liabilities 

    Non-current portion of deferred revenue 
     72,963  
     73,494 
  
    Non-current portion of operating lease liability 
     8,984,489  
     9,276,926 
  
    Long-term income tax payable 
     3,196,204  
     3,196,204 
  
    Deferred tax liability 
     6,736,959  
     6,409,915 
  
    Other long-term liabilities 
     589,029  
     785,372 
  
    Total Non-Current Liabilities 
     19,579,644  
     19,741,911 

    Total Liabilities 
     67,830,681  
     74,768,515 

    Commitments and Contingencies 

    Shareholders’ Equity 

    Preferred shares, $0.01 par value, 10,000,000 and 10,000,000 shares authorized, 1,000,000 and 1,000,000 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 
     9,050,000