Company: BTBT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110383
Chunk: 3

Company: Bit Digital, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 3
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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND
INCOME (LOSS)

For
the Three and Nine Months Ended September 30, 2025 and 2024

(Expressed
in US dollars, except for the number of shares)

    For
    the Three Months Ended  September 30,  
    For
    the Nine Months Ended  September 30, 

    2025  
    2024  
    2025  
    2024 

    Revenues 

    Digital
    asset mining 
    $7,415,702  
    $10,110,221  
    $21,824,503  
    $48,081,874 
  
    Cloud
    services 
     18,032,898  
     12,151,302  
     49,470,499  
     32,718,083 
  
    Colocation
    services 
     1,692,280  
     -  
     5,059,693  
     - 
  
    ETH
    staking 
     2,868,534  
     447,004  
     3,794,507  
     1,146,562 
  
    Other 
     454,588  
     130,144  
     1,073,085  
     322,396 
  
    Total
    Revenues 
     30,464,002  
     22,838,671  
     81,222,287  
     82,268,915 

    Operating
    costs and expenses 

    Cost
    of revenue (exclusive of depreciation and amortization shown below) 

    Digital
    asset mining 
     (5,032,692) 
     (9,998,031) 
     (17,232,166) 
     (33,520,804)
  
    Cloud
    services 
     (6,314,548) 
     (5,459,667) 
     (18,793,668) 
     (13,212,295)
  
    Colocation
    services 
     (674,947) 
     -  
     (1,874,829) 
     - 
  
    ETH
    staking