Company: BTBT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076608
Chunk: 104

Company: Bit Digital, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 104
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 and 128,053,586 for the three months ended June 30, 2024, respectively. 

58

The following table summarizes the results of
our operations during the six months ended June 30, 2025 and 2024, respectively, and provides information regarding the dollar increase
or (decrease) during the period.

    For the Six Months Ended June 30,  
    Variance in 

    2025  
    2024  
    Amount 

    Revenues 

    Digital asset mining 
    $14,408,801  
    $37,971,653  
    $(23,562,852)
  
    Cloud services 
     31,437,601  
     20,566,781  
     10,870,820 
  
    Colocation services 
     3,367,413  
     -  
     3,367,413 
  
    ETH staking 
     925,973  
     699,558  
     226,415 
  
    Other 
     618,497  
     192,252  
     426,245 
  
    Total revenues 
     50,758,285  
     59,430,244  
     (8,671,959)

    Operating costs and expenses 

    Cost of revenue (exclusive of depreciation shown below) 

    Digital asset mining 
     (12,199,474) 
     (23,522,773) 
     11,323,299 
  
    Cloud services 
     (12,479,120) 
     (7,752,628) 
     (4,726,492)
  
    Colocation services 
     (1,199,882) 
     -  
     (1,199,882)
  
    ETH staking 
     (62,201) 
     (40,889) 
     (21,312)
  
    Depreciation and amortization expenses 
     (15,465,527) 
     (15,192,582) 
     (272,945)
  
    General and administrative expenses 
     (27,937,121) 
     (11,436,259) 
     (16,500,862)
  
    (Losses) gains on digital assets