Company: BTBT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076608
Chunk: 182

Company: Bit Digital, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 2
Chunk 182
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 the results of
our operations during the three months ended June 30, 2025 and 2024, respectively, and provides information regarding the dollar increase
or (decrease) during the period.

    For the Three Months Ended
 June
    30,  
    Variance in 

    2025  
    2024  
    Amount 

    Revenues 

    Digital asset mining 
    $6,631,838  
    $16,079,893  
    $(9,448,055)
  
    Cloud services 
     16,595,315  
     12,497,197  
     4,098,118 
  
    Colocation services 
     1,729,004  
     -  
     1,729,004 
  
    ETH staking 
     365,332  
     373,812  
     (8,480)
  
    Other 
     337,930  
     92,504  
     245,426 
  
    Total revenues 
     25,659,419  
     29,043,406  
     (3,383,987)

    Operating costs and expenses 

    Cost of revenue (exclusive of depreciation shown below) 

    Digital asset mining 
     (6,075,585) 
     (10,537,841) 
     4,462,256 
  
    Cloud services 
     (6,391,120) 
     (4,595,301) 
     (1,795,819)
  
    Colocation services 
     (687,880) 
     -  
     (687,880)
  
    ETH staking 
     (29,633) 
     (24,456) 
     (5,177)
  
    Depreciation and amortization expenses 
     (8,223,538) 
     (8,346,633) 
     123,095 
  
    General and administrative expenses 
     (19,667,364) 
     (5,480,519) 
     (14,186,845)
  
    Gains (losses) on digital assets 
     27,154,706  
     (11,538,949) 
     38,693,655