Company: BTBT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076608
Chunk: 192

Company: Bit Digital, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 2
Chunk 192
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) 
     (7,752,628) 
     (4,726,492)
  
    Colocation services 
     (1,199,882) 
     -  
     (1,199,882)
  
    ETH staking 
     (62,201) 
     (40,889) 
     (21,312)
  
    Depreciation and amortization expenses 
     (15,465,527) 
     (15,192,582) 
     (272,945)
  
    General and administrative expenses 
     (27,937,121) 
     (11,436,259) 
     (16,500,862)
  
    (Losses) gains on digital assets 
     (22,050,521) 
     34,193,628  
     (56,244,149)
  
    Total operating expenses 
     (91,393,846) 
     (23,751,503) 
     (67,642,343)

    (Loss) income from operations 
     (40,635,561) 
     35,678,741  
     (76,314,302)

    Net loss from disposal of property and equipment 
     (333,620) 
     -  
     (333,620)
  
    Other income, net 
     395,011  
     4,569,147  
     (4,174,136)
  
    Total other income, net 
     61,391  
     4,569,147  
     (4,507,756)

    (Loss) income before income taxes 
     (40,574,170) 
     40,247,888  
     (80,822,058)

    Income tax expenses 
     (2,263,273) 
     (2,119,131) 
     (144,142)
  
    Net (loss) income 
    $(42,837,443) 
    $38,128,757  
    $(80,966,200)

Revenue

We generate revenues from cloud services, colocation
services, digital asset mining, and ETH staking businesses.

Revenue from cloud services

In the fourth quarter of 2023, we initiated WhiteFiber,
a new business line to provide cloud