Company: BTBT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110383
Chunk: 55

Company: Bit Digital, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 55
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 The
term of the lease is scheduled to expire in December 2026.

During
the quarter ended September 30, 2024, the Company entered into a sales-type lease agreement as a lessor for its data storage equipment.
The term of the lease is scheduled to expire in December 2026.

During
the quarter ended December 31, 2024, the Company entered into two sales-type lease agreements as a lessor for its cloud service equipment.
The term of the lease is scheduled to expire in October 2029 and November 2029 respectively.

27

During
the quarter ended December 31, 2024, the Company entered into an operating sublease agreement to partially lease out its leased data
center to a third party. The term of the sublease is scheduled to expire on October 30, 2026 and includes two automatic renewal periods
of three years each, unless subtenant provides at least 90 days’ notice of non-renewal prior to the end of the then-current term.

During
the quarter ended June 30, 2025, the Company entered into two sales-type lease agreements as a lessor for its cloud service equipment.
The term of the lease is scheduled to expire in April 2030 and May 2030, respectively.

During
the quarter ended September 30, 2025, the Company entered into one sales-type lease agreement as a lessor for its cloud service equipment.
The term of the lease is scheduled to expire in June 2030.

The
components of lease income for the sales-type lease were as follows:

    For
    the Three Months Ended  September 30,  
    For
    the Nine Months Ended  September 30, 

    2025  
    2024  
    2025  
    2024 
  
    Interest income related to net
    investment in lease 
    $          454,588  
    $130,144  
    $1,073,085  
    $322,396 

Interest
income is included in the consolidated statements of operations under the caption “Revenue – Other”.

The
components of net investment in sales-type leases were as follows:

    September
    30, 2025  
    December 31,
    2024 
  
    Net investment in lease - lease
    payment receivable 
    $      14,924,711  
    $9,328,