Company: BTBT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110383
Chunk: 227

Company: Bit Digital, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 2
Chunk 227
---
 operations

The
following table summarizes the results of our operations during the three months ended September 30, 2025 and 2024, respectively, and
provides information regarding the dollar increase or (decrease) during the period. This information should be read together with our
condensed consolidated financial statements and related notes included elsewhere in this report.

    For
    the Three Months Ended September 30,  
    Variance
    in 

    2025  
    2024  
    Amount 

    Revenues 

    Digital
    asset mining 
    $7,415,702  
    $10,110,221  
    $(2,694,519)
  
    Cloud services 
     18,032,898  
     12,151,302  
     5,881,596 
  
    Colocation services 
     1,692,280  
     -  
     1,692,280 
  
    ETH staking 
     2,868,534  
     447,004  
     2,421,530 
  
    Other 
     454,588  
     130,144  
     324,444 
  
    Total
    revenues 
     30,464,002  
     22,838,671  
     7,625,331 

    Operating costs and expenses 

    Cost of revenue (exclusive
    of depreciation shown below) 

    Digital asset mining 
     (5,032,692) 
     (9,998,031) 
     4,965,339 
  
    Cloud services 
     (6,314,548) 
     (5,459,667) 
     (854,881)
  
    Colocation services 
     (674,947) 
     -  
     (674,947)
  
    ETH staking 
     (113,147) 
     (11,607) 
     (101,540)
  
    Depreciation and amortization expenses 
     (9,636,039) 
     (8,383,055) 
     (1,252,984)
  
    General and administrative expenses 
     (33,094,746) 
     (13,681,750) 
     (19,412,996)