Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 323

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1
Chunk 323
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     -  
     - 
  
    ETH staking 
     (72,067) 
     (50,802) 
     - 
  
    Depreciation and amortization expenses 
     (32,311,056) 
     (14,426,733) 
     (27,829,730)
  
    General and administrative expenses 
     (41,508,279) 
     (27,668,592) 
     (22,984,784)
  
    Gains on digital assets 
     55,709,711  
     -  
     - 
  
    Realized gain on exchange of digital assets 
     -  
     18,789,998  
     6,548,841 
  
    Impairment of digital assets 
     -  
     (6,632,437) 
     (24,654,267)
  
    Impairment of property and equipment 
     -  
     -  
     (50,038,650)
  
    Loss on write-off of deposit to hosting facility 
     -  
     (2,041,491) 
     (129,845)
  
    Total operating expenses 
     (80,487,456) 
     (61,535,840) 
     (139,463,068)

    Income (loss)  from operations 
     27,563,264  
     (16,619,709) 
     (107,166,475)

    Net (loss) gain from disposal of property and equipment 
     (859,083) 
     (165,160) 
     1,353,299 
  
    Gain from sale of investment security 
     -  
     8,220  
     1,039,999 
  
    Other income (expense), net 
     5,579,796  
     3,162,412  
     (1,116,276)
  
    Total other income, net 
     4,720,713  
     3,005,472  
     1,277,022 

    Income (loss) before income taxes 
     32,283,977  
     (13,614,237) 
     (105,889,453