Company: BTBT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044155
Chunk: 2

Company: Bit Digital, Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 2
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     9,050,000 
  
    Ordinary shares, $0.01 par value, 340,000,000 and 340,000,000 shares authorized, 182,896,328 and 179,255,191 shares issued, 182,766,342 and 179,125,205 shares outstanding as of March 31, 2025 and December 31, 2024, respectively 
     1,828,963  
     1,792,548 
  
    Treasury stock, at cost, 129,986 and 129,986 shares as of March 31, 2025 and December 31, 2024, respectively 
     (1,171,679) 
     (1,171,679)
  
    Additional paid-in capital 
     565,702,081  
     553,583,437 
  
    Accumulated deficit 
     (155,921,306) 
     (98,209,661)
  
    Accumulated other comprehensive loss 
     (2,070,166) 
     (1,565,496)
  
    Total Shareholders’ Equity 
     417,417,893  
     463,479,149 
  
    Total Liabilities and Shareholders’ Equity 
    $485,248,574  
    $538,247,664 

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

1

BIT DIGITAL, INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS
OF OPERATIONS AND
 COMPREHENSIVE INCOME (LOSS)

For the Three Months Ended March 31, 2025 and
2024

(Expressed in US dollars, except for the number
of shares)

    For the Three Months Ended
 March 31, 

    2025  
    2024 

    Revenues 

    Digital asset mining 
    $7,776,963  
    $21,891,760 
  
    Cloud services 
     14,842,286  
     8,069,584 
  
    Colocation services 
     1,644,663  
     - 
  
    ETH staking 
     560,641  
     325,746 
  
    Other 
     280,567  
     99,748 
  
    Total revenues