Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 1886

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 6
Chunk 1886
---
,534,052 and 78,614,174 for the years ended December
31, 2023 and 2022, respectively. 

Discussion of Certain Balance Sheet Items

The following table sets forth selected information
from our consolidated balance sheets as of December 31, 2024 and December 31, 2023. This information should be read together with our
consolidated financial statements and related notes included elsewhere in this report. 

    December 31,  
    December 31,  
    Variance in 

    2024  
    2023  
    Amount 
  
    ASSETS 

    Current Assets 

    Cash and cash equivalents 
    $95,201,335  
    $16,860,934  
    $78,340,401 
  
    Restricted cash 
     3,732,792  
     1,320,000  
     2,412,792 
  
    Accounts receivable 
     5,267,863  
     -  
     5,267,863 
  
    USDC 
     411,413  
     405,596  
     5,817 
  
    Digital assets 
     161,377,344  
     40,456,083  
     120,921,261 
  
    Digital assets held in fund 
     -  
     6,115,538  
     (6,115,538)
  
    Net investment in lease - current 
     2,546,519  
     -  
     2,546,519 
  
    Other current assets 
     28,319,669  
     18,188,032  
     10,131,637 
  
    Total Current Assets 
     296,856,935  
     83,346,183  
     213,510,752 

    Loans receivable 
     400,000  
     400,000  
     - 
  
    Deposits for property and equipment 
     39,059,707  
     4,227,371  
     34,832,336 
  
    Property, plant, and equipment, net 
     107,302,458  
     81,474,649  
     25,827,809 
  
    Good