Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 2094

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 7
Chunk 2094
---
810  
     -  
     28,305,810 
  
    Other
    comprehensive loss 
     -  
     -  
     -  
     -  
     -  
     -  
     -  
     -  
     (1,565,496) 
     (1,565,496)
  
    Balance,
    December 31, 2024 
     1,000,000  
     9,050,000  
     179,125,205  
     1,792,548  
     (129,986) 
     (1,171,679) 
     553,583,437  
     (98,209,661) 
     (1,565,496) 
     463,479,149 

The accompanying notes are an integral part of
these consolidated financial statements.

F-6

BIT DIGITAL, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

For the Years Ended December 31, 2024, 2023
and 2022

(Expressed in US dollars)

    For the Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Cash Flows from Operating Activities: 

    Net income (loss) 
    $28,305,810  
    $(13,893,281) 
    $(105,296,603)
  
    Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities: 

    Depreciation and amortization expenses 
     32,311,056  
     14,426,733  
     27,829,730 
  
    Loss (gain) from disposal of property and equipment 
     859,083  
     165,160  
     (1,353,299)
  
    Gains on digital assets 
     (55,709,711) 
     -  
     - 
  
    Realized gain on exchange of digital assets 
     -  
     (18,789,998) 
     (6,548,841)
  
    Impairment of digital assets 
     -  
     6,632,437  
     24,654,267