Company: BTBT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076608
Chunk: 63

Company: Bit Digital, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 63
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    Colocation services  
    ETH staking  
    Total 
  
    Revenue from external customers 
    $6,631,838  
    $16,595,315  
    $1,729,004  
    $365,332  
    $25,321,489 

    Reconciliation of revenue 

    Other revenue (a) 

     337,930 
  
    Total consolidated revenue 

     25,659,419 

    Less: 

    Electricity costs 
     4,334,282  
     601,655  
     270,003  
     -  
     5,205,940 
  
    Profit sharing fees 
     1,051,811  
     -  
     -  
     -  
     1,051,811 
  
    Datacenter lease expense 
     -  
     1,365,599  
     156,740  
     -  
     1,522,339 
  
    GPU lease expense 
     -  
     3,749,470  
     -  
     -  
     3,749,470 
  
    Wage expense 
     -  
     -  
     169,543  
     -  
     169,543 
  
    Service costs - ETH staking 
     -  
     -  
     -  
     29,633  
     29,633 
  
    Other segment items (b) 
     689,492  
     674,396  
     91,594  
     -  
     1,455,482 

    Segment gross profit 
    $556,253  
    $10,204,195  
    $1,041,124  
    $335,699  
    $12,137,271 

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

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

Three Months Ended June 30, 2024

    Digital asset mining  
    Cloud services  
    ETH staking  
    Total 
  
    Revenue from external customers 
    $16,079