Company: BTBT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076608
Chunk: 0

Company: Bit Digital, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 0
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Item
1. Financial Statements and Supplementary Data 

BIT DIGITAL, INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

As of June 30, 2025 and December 31, 2024

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

    June 30,  
    December 31, 

    2025  
    2024 
  
    ASSETS 

    Current Assets 

    Cash and cash equivalents 
    $181,165,847  
    $95,201,335 
  
    Restricted cash 
     3,732,792  
     3,732,792 
  
    Accounts receivable 
     6,491,562  
     5,267,863 
  
    USDC 
     515,242  
     411,413 
  
    Digital assets 
     91,214,450  
     161,377,344 
  
    Net investment in lease - current 
     3,517,921  
     2,546,519 
  
    Loans receivable 
     400,000  
     400,000 
  
    Other current
    assets 
     26,715,156  
     28,319,669 
  
    Total
    Current Assets 
     313,752,970  
     297,256,935 

    Non-Current Assets 

    Deposits for property, plant, and
    equipment 
     21,066,026  
     39,059,707 
  
    Property, plant, and equipment,
    net 
     253,920,936  
     107,302,458 
  
    Goodwill 
     20,190,268  
     19,383,291 
  
    Intangible assets 
     13,210,056  
     13,028,730 
  
    Operating lease right-of-use assets 
     44,799,045  
     14,967,569 
  
    Net investment in lease - non-current 
     9,367,633  
     6,782,479 
  
    Investment securities 
     38,953,792  
     30,797,365 
  
    Deferred tax asset 
     92,962  
     89,246