Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 295

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1
Chunk 295
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) 
     (22,984,784) 
     (4,683,808)
  
    Realized gain on exchange of digital assets 
     18,789,998  
     6,548,841  
     12,241,157 
  
    Impairment of digital assets 
     (6,632,437) 
     (24,654,267) 
     18,021,830 
  
    Impairment of property and equipment 
     -  
     (50,038,650) 
     50,038,650 
  
    Loss on write-off of deposit to hosting facility 
     (2,041,491) 
     (129,845) 
     (1,911,646)
  
    Total operating expenses 
     (61,535,840) 
     (139,463,068) 
     77,927,228 

    Loss from operations 
     (16,619,709) 
     (107,166,475) 
     77,927,228 

    Net (loss) gain from disposal of property and equipment 
     (165,160) 
     1,353,299  
     (1,518,459)
  
    Gain from sale of investment security 
     8,220  
     1,039,999  
     (1,031,779)
  
    Other income (expense), net 
     3,162,412  
     (1,116,276) 
     4,278,688 
  
    Total other income, net 
     3,005,472  
     1,277,022  
     1,728,450 

    Loss before income taxes 
     (13,614,237) 
     (105,889,453) 
     79,655,678 

    Income tax expenses 
     (279,044) 
     592,850  
     (871,894)
  
    Net loss 
    $(13,893,281) 
     (105,296,603) 
     78,783,784 

Revenue

We generate revenues from digital asset mining
and ETH staking.

Revenue from digital asset mining

We provide computing power to digital asset mining
pools, and receive consideration in