Company: BTBT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110383
Chunk: 247

Company: Bit Digital, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 2
Chunk 247
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 September 30, 2024, respectively. 

66

Discussion
of Certain Balance Sheet Items

The
following table sets forth selected information from our condensed consolidated balance sheets as of September 30, 2025 and December
31, 2024. This information should be read together with our condensed consolidated financial statements and related notes included elsewhere
in this report. 

    September
    30,  
    December 31,  
    Variance in 

    2025  
    2024  
    Amount 
  
    ASSETS 

    Current
    Assets 

    Cash
    and cash equivalents 
    $179,118,182  
    $95,201,335  
    $83,916,847 
  
    Restricted
    cash 
     3,732,792  
     3,732,792  
     - 
  
    Accounts
    receivable, net 
     17,441,029  
     5,267,863  
     12,173,166 
  
    USDC 
     1,027,458  
     411,413  
     616,045 
  
    Digital
    assets 
     423,682,364  
     161,377,344  
     262,305,020 
  
    Digital
    intangible assets 
     17,257,172  
     -  
     17,257,172 
  
    Net
    investment in lease – current, net 
     4,126,623  
     2,546,519  
     1,580,104 
  
    Loans
    receivable 
     400,000  
     400,000  
     - 
  
    Other
    current assets, net 
     25,865,020  
     28,319,669  
     (2,454,649)
  
    Total
    Current Assets 
     672,650,640  
     297,256,935  
     375,393,705 

    Non-Current
    Assets 

    Deposits
    for property, plant, and equipment 
     9,979,576  
     39,059,707  
     (29,080,131)
  
    Property,
    plant, and