Company: BTBT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110383
Chunk: 56

Company: Bit Digital, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 56
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998 

The
following table illustrates the Company’s future minimum receipts for sales-type lease as of September 30, 2025:

    Year 
    Sales-Type
    Lease 
  
    2025 
    $1,404,591 
  
    2026 
     5,618,362 
  
    2027 
     3,636,831 
  
    2028 
     3,636,831 
  
    2029 
     3,428,121 
  
    2030 and thereafter 
     848,915 
  
    Total future minimum receipts 
     18,573,651 
  
    Unearned interest income 
     (3,596,709)
  
    Less: Current expected
    credit losses 
     (52,231)
  
    Net investment in sales
    type lease 
    $14,924,711 

The
present value of minimum sales-type receipts of $14,924,711 is included in the consolidated balance sheets under the caption “Net
investment in lease”.

The
following table illustrates the future lease payments to be received from the Company’s sublease tenant as of September 30, 2025
were as follows:

    Year 
    Operating
    Lease 
  
    2025 
    $6,468 
  
    2026 
     25,871 
  
    2027 
     25,871 
  
    2028 
     25,871 
  
    2029 
     25,871 
  
    2030 and thereafter 
     73,301 
  
    Total future receipts 
    $183,253 

28

9. PROPERTY,
PLANT, AND EQUIPMENT, NET

Property,
plant and equipment, net was comprised of the following:

    September
    30, 2025  
    December 31,
    2024 
  
    Miners for Bitcoin 
    $       48,789,488  
    $37,484,751 
  
    Cloud service equipment 
     144,557,095  
     63,360,624 
  
    Colocation service equipment 
     15,340,860  
     12,509,288 
  
    Purchased and internal-use software development
    costs 
     3,371,723  
     495,285 
  
    Land