Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 329

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1
Chunk 329
---
  
     -  
     21,193,821 
  
    Exchangable
    Shares issued as consideration in a business combination 
     -  
     -  
     -  
     -  
     -  
     -  
     4,840,710  
     -  
     -  
     4,840,710 
  
    Net
    Income 
     -  
     -  
     -  
     -  
     -  
     -  
     -  
     28,305,810  
     -  
     28,305,810 
  
    Other
    comprehensive loss 
     -  
     -  
     -  
     -  
     -  
     -  
     -  
     -  
     (1,565,496) 
     (1,565,496)
  
    Balance,
    December 31, 2024 
     1,000,000  
     9,050,000  
     179,125,205  
     1,792,548  
     (129,986) 
     (1,171,679) 
     553,583,437  
     (98,209,661) 
     (1,565,496) 
     463,479,149 

The accompanying notes are an integral part of
these consolidated financial statements.

F-6

BIT DIGITAL, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

For the Years Ended December 31, 2024, 2023
and 2022

(Expressed in US dollars)

    For the Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Cash Flows from Operating Activities: 

    Net income (loss) 
    $28,305,810  
    $(13,893,281) 
    $(105,296,603)
  
    Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities: 

    Depreciation and amortization expenses 
     32,311,056  
     14,426,733