Company: BTBT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044155
Chunk: 0

Company: Bit Digital, Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 0
---
Item 1. Financial Statements and Supplementary
Data

BIT DIGITAL, INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

As of March 31, 2025 and December 31, 2024

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

    March 31,  
    December 31, 

    2025  
    2024 
  
    ASSETS 

    Current Assets 

    Cash and cash equivalents 
    $57,555,011  
    $95,201,335 
  
    Restricted cash 
     3,732,792  
     3,732,792 
  
    Accounts receivable 
     2,531,188  
     5,267,863 
  
    USDC 
     1,036,596  
     411,413 
  
    Digital assets 
     79,030,760  
     161,377,344 
  
    Net investment in lease - current 
     2,632,603  
     2,546,519 
  
    Other current assets 
     41,505,238  
     28,319,669 
  
    Total Current Assets 
     188,024,188  
     296,856,935 

    Non-Current Assets 

    Loans receivable 
     400,000  
     400,000 
  
    Deposits for property, plant, and equipment 
     17,096,261  
     39,059,707 
  
    Property, plant, and equipment, net 
     185,305,935  
     107,302,458 
  
    Goodwill 
     19,243,410  
     19,383,291 
  
    Intangible assets 
     12,762,627  
     13,028,730 
  
    Operating lease right-of-use assets 
     15,138,730  
     14,967,569 
  
    Net investment in lease - non-current 
     6,087,814  
     6,782,479 
  
    Investment securities 
     33,135,336  
     30,797,365 
  
    Deferred tax asset 
     88,602  
     89,246 
  
    Other non-current assets