Company: BTBT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076608
Chunk: 10

Company: Bit Digital, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 10
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,171,679) 
     762,157,571  
     (141,047,106) 
     1,358,035  
     633,188,644 

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

3

BIT DIGITAL, INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS
OF CASH FLOWS

For the Six Months Ended June 30, 2025 and 2024

(Expressed in US dollars)

    For the Six Months Ended  June 30, 

    2025  
    2024 
  
    Cash Flows from Operating Activities: 

    Net (loss) income 
    $(42,837,443) 
     38,128,757 
  
    Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: 

    Depreciation and amortization expenses 
     15,465,527  
     15,192,582 
  
    Loss from disposal of property, plant, and equipment 
     333,620  
     - 
  
    Losses (gains) on digital assets 
     22,050,521  
     (34,193,628)
  
    Share-based compensation expenses 
     7,143,021  
     916,334 
  
    Realized and unrealized gains on digital assets held within Investment Fund 
     -  
     (2,676,237)
  
    Changes in fair value of investment security 
     875,572  
     (537,497)
  
    Digital assets mined 
     (14,408,801) 
     (37,971,653)
  
    Digital assets earned from staking 
     (925,973) 
     (699,558)
  
    Changes in operating assets and liabilities: 

    Digital assets and stable coins 
     53,984,537  
     369,914 
  
    Operating lease right-of-use assets 
     2,439,539  
     932,997 
  
    Deferred revenue 
     (19,039,677) 
     (13,073,449)
  
    Lease liability 
     (2,288,198) 
     (932,997)
  
    Other current assets