Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 2264

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 7A
Chunk 2264
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9 respectively.

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

    For the Years Ended December 31, 

    2024  
    2023 
  
    Interest income related to net investment in lease 
    $550,260  
    $- 

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:

    December 31, 

    2024  
    2023 
  
    Net investment in lease - lease payment receivable 
    $9,328,998  
    $- 

The following table illustrates the Company’s
future minimum receipts for sales-type lease as of December 31, 2024:

    Year 
    Sales-Type Lease 
  
    2025 
    $3,556,589 
  
    2026 
     3,556,589 
  
    2027 
     1,575,058 
  
    2028 
     1,575,058 
  
    2029 
     1,366,348 
  
    Total future minimum receipts 
     11,629,641 
  
    Unearned interest income 
     (2,300,643)
  
    Net investment in sales type lease 
    $9,328,998 

The present value of minimum sales-type receipts
of $9,328,998 is included in the consolidated balance sheets under the caption “Net investment in lease”.

F-28

9. PROPERTY, PLANT, AND EQUIPMENT, NET

Property, plant, and equipment, net was comprised
of the following:

    December 31, 2024  
    December 31, 2023 
  
    Miners for Bitcoin 
    $37,484,751  
    $50,853,637 
  
    Cloud service equipment 
     63,360,624  
     - 
  
    Colocation service equipment 
     12,509,288  
     - 
  
    Purchased software and internal-use software development costs 
     495,285  
     - 
  
    Land 
     3,502,539  
     - 
  
    Building 
     19,474,743  
     - 
  
    Leasehold Improvements 
     2,032,691