Company: BTBT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110383
Chunk: 16

Company: Bit Digital, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 16
---
 tax payable 
     (200,483) 
     1,285,204 
  
    Deferred
    tax liability 
     2,928,274  
     1,454,157 
  
        Loss
    from divestiture of a subsidiary 
     -  
     978,938 
  
    Net
    Cash Used in Operating Activities 
     (204,864,851) 
     (20,311,102)

    Cash
    Flows from Investing Activities: 

    Purchases
    of and deposits made for property, plant and equipment 
     (164,018,096) 
     (7,168,679)
  
    Investment
    in equity securities 
     (2,001,600) 
     (16,000,000)
  
    Investment
    in SAFE 
     -  
     (1,000,000)
  
    Proceeds
    from disposal of property, plant and equipment 
     1,959,079  
     176,000 
  
    Net
    Cash Used in Investing Activities 
     (164,060,617) 
     (23,992,679)

    Cash
    Flows from Financing Activities: 

    Net
    proceeds from issuance of ordinary shares/public offering 
     162,630,406  
     - 
  
    Net
    proceeds from IPO over-allotment option exercise 
     22,189,232  
     - 
  
    Net
    proceeds from subsidiary IPO 
     147,369,859  
     - 
  
    Net
    proceeds from issuance of ordinary shares/registered direct offering 
     62,817,210  
     - 
  
    Net
    proceeds from issuance of ordinary shares/At-the-market offering 
     58,488,565  
     131,709,364 
  
    Payment
    of dividends 
     (800,000) 
     - 
  
    Net
    Cash Provided by Financing Activities 
     452,695,272  
     131,709,364 

    Net
    increase in cash, cash equivalents and restricted cash 
     83,769,804  
     87,405,583 
  
    Effect
    of exchange rate changes on cash, cash equivalents and restricted cash 
     147,043