Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 1947

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 6
Chunk 1947
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    2023 
  
    Opening balance 
    $11,791,181 
  
    Receipt of ETH from exchange of BTC 
     17,164,100 
  
    Receipt of ETH from native staking business 
     531,702 
  
    Receipt of ETH from liquid staking business* 
     144,011 
  
    Other income in the form of ETH 
     540 
  
    Sales of ETH in exchange of cash 
     (3,243,415)
  
    Payment of ETH for other expenses 
     (22,757)
  
    Payment of ETH to investment fund 
     (3,615,507)
  
    Impairment of ETH 
     (2,112,752)
  
    Ending balance 
    $20,637,103 

  * It includes 71.7 rETH-h earned from the liquid staking activity in 2023. 

F-26

7. OTHER CURRENT ASSETS

Other current assets were comprised of the following:

    December 31,  2024  
    December 31, 2023 
  
    Deposits (a) 
    $1,704,785  
    $1,171,709 
  
    Prepayments to one mining facility (b) 
     290,475  
     382,207 
  
    Prepaid director and officer insurance expenses 
     219,471  
     168,594 
  
    Prepaid consulting service expenses 
     3,016,460  
     931,200 
  
    Deposit for lease 
     63,586  
     50,858 
  
    Deferred contract costs 
     982,039  
     1,041,667 
  
    Prepayment to third parties 
     15,526,472  
     - 
  
    Receivable from third parties 
     6,305,652  
     13,855,949 
  
    Others 
     210,729  
     585,848 
  
    Total 
    $28,319,669  
    $18,188,032 

  (a) As of December 31, 2024 and December 31, 2023, the balance of deposits represented the deposits made to our service providers, who paid utility charges in mining facilities on behalf of the Company. The deposits are refundable upon expiration of