Company: BTBT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110383
Chunk: 120

Company: Bit Digital, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 120
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 respectively. Basic and diluted loss
per share was $0.26 and $0.26 for the three months ended September 30, 2024, respectively.

Basic
and diluted weighted average number of shares was 317,296,789 and 318,896,222 for the three months ended September 30, 2025, respectively. Basic
and diluted weighted average number of shares was 149,684,237 and 149,684,237 for the three months ended September 30, 2024, respectively. 

60

The
following table summarizes the results of our operations during the nine months ended September 30, 2025 and 2024, respectively, and
provides information regarding the dollar increase or (decrease) during the period.

    For
    the Nine Months Ended September 30,  
    Variance
    in 

    2025  
    2024  
    Amount 

    Revenues 

    Digital
    asset mining 
    $21,824,503  
    $48,081,874  
    $(26,257,371)
  
    Cloud services 
     49,470,499  
     32,718,083  
     16,752,416 
  
    Colocation services 
     5,059,693  
     -  
     5,059,693 
  
    ETH staking 
     3,794,507  
     1,146,562  
     2,647,945 
  
    Other 
     1,073,085  
     322,396  
     750,689 
  
    Total
    revenues 
     81,222,287  
     82,268,915  
     (1,046,628)

    Operating costs and expenses 

    Cost of revenue (exclusive
    of depreciation shown below) 

    Digital asset mining 
     (17,232,166) 
     (33,520,804) 
     16,288,638 
  
    Cloud services 
     (18,793,668) 
     (13,212,295) 
     (5,581,373)
  
    Colocation services 
     (1,874,829) 
     -  
     (1,874,829)
  
    ETH st