Company: BTBT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110383
Chunk: 79

Company: Bit Digital, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 79
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1,867,247  
     660,814  
     12,671  
     2,540,732 

    Segment
    gross profit 
    $14,561,070  
    $19,505,788  
    $1,094,066  
    $35,160,924 

(a)Other revenue is primarily attributable to Equipment Leasing and is therefore not included in the total for segment gross profit.

(b)All amounts included within Other segment items are individually insignificant.

39

The
following table presents the reconciliation of segment gross profit to net (loss) income before taxes:

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

    2025  
    2024  
    2025  
    2024 

    Segment
    gross profit 
    $17,874,080  
    $7,239,222  
    $42,073,191  
    $35,160,924 

    Reconciling
    Items: 

    Other
    profit (a) 
     454,588  
     130,144  
     1,073,085  
     322,396 
  
    Depreciation
    and amortization expenses 
     (9,636,039) 
     (8,383,055) 
     (25,101,566) 
     (23,575,637)
  
    General
    and administrative expenses 
     (33,094,746) 
     (13,681,750) 
     (61,031,868) 
     (25,118,009)
  
    Gains
    (losses) on digital assets 
     168,040,717  
     (21,916,244) 
     145,990,197  
     12,277,384 
  
    Impairment
    of digital intangible assets 
     (1,836,192) 
     -  
     (1,836,192) 
     - 
  
    Net
    loss from disposal of property, plant and equipment 
     (539,378) 
     -  
     (872,998) 
     - 
  
    Other