Company: BTBT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044155
Chunk: 53

Company: Bit Digital, Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 53
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     -  
     1,274,054  
     -  
     -  
     1,274,054 
  
    GPU lease expense 
     -  
     3,747,386  
     -  
     -  
     3,747,386 
  
    Datacenter rent expense 
     -  
     -  
     150,537  
     -  
     150,537 
  
    Service costs - ETH staking 
     -  
     -  
     -  
     32,568  
     32,568 
  
    Other segment items (b) 
     700,507  
     496,623  
     172,241  
     -  
     1,369,371 

    Segment gross profit 
    $1,653,074  
    $8,754,286  
    $1,098,827  
    $528,073  
    $12,034,260 

(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 March 31, 2024

    Digital asset
 mining  
    Cloud services  
    ETH staking  
    Total 
  
    Revenue from external customers 
    $21,891,760  
    $8,069,584  
    $325,746  
    $30,287,090 

    Reconciliation of revenue 

    Other revenue (a) 

     99,748 
  
    Total consolidated revenue 

     30,386,838 

    Less: 

    Electricity costs 
     8,087,400  
     83,378  
     -  
     8,170,778 
  
    Profit sharing fees 
     4,263,408  
     -  
     -  
     4,263,408 
  
    Datacenter lease expense 
     -  
     700,890  
     -  
     700,890 
  
    GPU lease expense 
     -  
     2,082,179  
     -