Company: BTBT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044155
Chunk: 78

Company: Bit Digital, Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 78
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    $21,891,760  
    $(14,114,797)
  
    Cloud services 
     14,842,286  
     8,069,584  
     6,772,702 
  
    Colocation services 
     1,644,663  
     -  
     1,644,663 
  
    ETH staking 
     560,641  
     325,746  
     234,895 
  
    Other 
     280,567  
     99,748  
     180,819 
  
    Total revenues 
     25,105,120  
     30,386,838  
     (5,281,718)

    Operating costs and expenses 

    Cost of revenue (exclusive of depreciation shown below) 

    Digital asset mining 
     (6,123,889) 
     (12,984,932) 
     6,861,043 
  
    Cloud services 
     (6,088,000) 
     (3,157,327) 
     (2,930,673)
  
    Colocation services 
     (545,836) 
     -  
     (545,836)
  
    ETH staking 
     (32,568) 
     (16,433) 
     (16,135)
  
    Depreciation and amortization expenses 
     (7,241,989) 
     (6,845,949) 
     (396,040)
  
    General and administrative expenses 
     (8,235,923) 
     (5,955,740) 
     (2,280,183)
  
    (Losses) gains on digital assets 
     (49,205,227) 
     45,732,577  
     (94,937,804)
  
    Total operating expenses 
     (77,473,432) 
     16,772,196  
     (94,245,628)

    (Loss) income from operations 
     (52,368,312) 
     47,159,034  
     (99,527,346)

    Loss from disposal of property, plant, and equipment 
     (333,620) 
     -  
     (