Company: BTBT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076608
Chunk: 61

Company: Bit Digital, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 61
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 is not subject to Pillar Two global minimum tax.

34

16. EARNINGS (LOSS) PER SHARE

    For the Three Months Ended 
June
    30,  
    For the Six Months Ended 
June
    30, 

    2025  
    2024  
    2025  
    2024 

    Net income (loss) 
    $14,874,202  
    $(11,953,100) 
    $(42,837,443) 
    $38,128,757 
  
    Weighted average number of ordinary share outstanding 

    Basic 
     206,889,826  
     128,053,586  
     194,355,223  
     121,362,883 
  
    Diluted 
     208,817,806  
     128,053,586  
     194,355,223  
     122,374,103 

    Earnings (loss) per share 

    Basic 
    $0.07  
    $(0.09) 
    $(0.22) 
    $0.31 
  
    Diluted 
    $0.07  
    $(0.09) 
    $(0.22) 
    $0.31 

Basic earnings (loss) per share is computed by
dividing net income (loss) attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during
the period. The computation of diluted net loss per share does not include dilutive ordinary share equivalents in the weighted average
shares outstanding, as they would be anti-dilutive.

For the three months ended June 30, 2025, the
dilutive effect of preferred shares and unvested RSUs were included in the calculation of diluted earnings per share. The warrants and
options were excluded from the calculation of diluted earnings per share because they were anti-dilutive. 

For the six months ended June 30, 2025, the unvested
RSUs, warrants, options and convertible preferred shares were excluded from the calculation of diluted earnings per share because they
were anti-dilutive.

For the three months ended June 30, 2024, the
unvested RSUs, warrants, options and convertible preferred shares were excluded from the calculation of diluted earnings per share because
they were anti-dilutive.

For