Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 388

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1
Chunk 388
---
19,508,252) 
     -  
     - 
  
    Colocation services 
     (490,501) 
     -  
     - 
  
    ETH staking 
     (72,067) 
     (50,802) 
     - 
  
    Total segment and consolidated cost of revenue 
    $(62,377,832) 
    $(29,556,585) 
    $(20,374,633)

    Reconciling Items: 

    Depreciation and amortization expenses 
     (32,311,056) 
     (14,426,733) 
     (27,829,730)
  
    General and administrative expenses 
     (41,508,279) 
     (27,668,592) 
     (22,984,784)
  
    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)
  
    Impairment of property and equipment 
     -  
     -  
     (50,038,650)
  
    Loss on write-off of deposit to hosting facility 
     -  
     (2,041,491) 
     (129,845)
  
    Other income (expense), net 
     4,720,713  
     3,005,472  
     1,277,022 
  
    Income tax (expenses) benefits 
     (3,978,167) 
     (279,044) 
     592,850 
  
    Net income (loss) 
    $28,305,810  
    $(13,893,281) 
    $(105,296,603)

F-41

18. RELATED PARTIES

On February 7, 2023 and again on December 8, 2023,
the Board of Directors declared an eight (8%) percent ($800,000) dividend on the preference shares to Geney Development Ltd. (“Geney”).
Erke Huang, our Chief Financial Officer, is the