Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 1531

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 4
Chunk 1531
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date. It represents an aggregate revenue opportunity of approximately $20.2 million. Concurrently, we placed a purchase order for 130
H200 servers for approximately $30 million. The deployment commenced in February 2025.

100

We expect to also generate ongoing revenues from
the production of digital assets, primarily bitcoin. Our ability to liquidate digital assets at future values will be evaluated from time
to time to generate cash for operations. Generating digital assets, for example, with spot market values which exceed our production and
other costs, will determine our ability to report profit margins related to such mining operations. Furthermore, regardless of our ability
to generate revenue from our high performance computing business, or our digital asset business, we may need to raise additional capital
in the form of equity or debt to fund our operations and pursue our business strategy, including purchases in order to fund our high performance
computing business.

The ability to raise funds such as equity, debt
or conversion of digital assets to maintain our operations is subject to many risks and uncertainties and, even if we are successful,
future equity issuances would result in dilution to our existing stockholders and any future debt or debt securities may contain covenants
that limit our operations or ability to enter into certain transactions. Our ability to realize revenue through digital asset production
and successfully convert digital assets into cash or fund overhead with digital assets is subject to a number of risks, including
regulatory, financial and business risks, many of which are beyond our control. Additionally, the value of digital asset rewards has historically
been extremely volatile, and future prices cannot be predicted.

If we are unable to generate sufficient revenue
when needed or secure additional funding, it may become necessary to significantly reduce our current rate of expansion or to explore
other strategic alternatives. 

Cash flows

    For the Years Ended December 31, 

    2024  
    2023  
    2022 
  
    Net Cash (Used in) Provided by Operating Activities 
    $(12,986,996) 
    $1,105,588  
    $(8,496,028)
  
    Net Cash Used in Investing Activities 
     (149,022,420) 
     (69,159,064) 
     (18,605,265)
  
    Net Cash Provided by Financing Activities 
     242,857,873  
     52,223,350  
     18,713,825