Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 16

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 8
Chunk 16
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    Net Cash Provided by Financing Activities 
     242,857,873  
     52,223,350  
     18,713,825 

    Net (decrease) increase in cash, cash equivalents and restricted cash 
     80,848,457  
     (15,830,126) 
     (8,387,468)
  
    Effect of exchange rate changes on cash, cash equivalents and restricted cash 
     (95,264) 
     -  
     - 
  
    Cash, cash equivalents and restricted cash, beginning of year 
     18,180,934  
     34,011,060  
     42,398,528 
  
    Cash, cash equivalents and restricted cash, end of year 
    $98,934,127  
    $18,180,934  
    $34,011,060 

    Supplemental Cash Flow Information 

    Cash paid for income taxes, net of (refunds) 
    $131,906  
    $(632,820) 
    $734,200 

    Non-cash Transactions of Investing and Financing Activities 

    Purchases of property and equipment in USDC 
    $-  
    $(12,181,655) 
    $(2,366,580)
  
    Issuance of ordinary shares in exchange of property and equipment 
    $-  
    $-  
    $(5,637,523)
  
    Dividend payable to preferred shareholders 
    $800,000  
    $-  
    $- 
  
    Reclassification of deposits to property and equipment 
    $4,903,865  
    $13,004,329  
    $(40,524,763)
  
    Non-cash stock option exercise by employee 
     15,850  
     -  
     - 
  
    Collection of USDC from sales of property and equipment 
    $-  
    $-  
    $712,800 
  
    Investment in digital asset held within investment fund 
     -  
    $4,683,021  
    $- 

Reconciliation of cash, cash equivalents and
restricted cash

    December 31,  
    December 31, 

    2024  
    2023 
  
    Cash and cash equivalents 
    $95,