BTBT on Nasdaq
Bit Digital, Inc
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-80.9%Operating margin3
-70.7%Net margin3
5.1%Revenue growth, 20253
-11.1%Return on equity3
-$574.9MFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Cloud Services brought in 60% of the revenue Bit Digital, Inc broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cloud Services | $45.7M | $68.8M | |
| Digital Asset Mining | $44.2M | $58.6M | $27.3M |
| Colocation Services | $1.4M | $8.9M | |
| ETHStaking | $675.7K | $1.8M | $7.0M |
| Other | $550.3K | $1.5M | |
| Other Revenue | $550.3K | $1.5M |
Regions
IS brought in 61% of the revenue Bit Digital, Inc broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| IS | $46.2M | $69.2M |
| United States | $58.6M | $27.3M |
| CA [member] | $1.4M | $8.9M |
| Singapore | $1.8M | $7.0M |
| Rest of the world | $87.6K | $1.1M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs98¢$111.6M
- Income tax2¢$2.0M
Out of $113.6M in revenue.3 The company lost money this year.
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total revenues | $113.6M | $108.1M | $44.9M |
| Depreciation and amortization expenses | -$36.8M | -$32.3M | -$14.4M |
| General and administrative expenses | -$81.0M | -$41.5M | -$27.7M |
| (Loss) gain on digital assets | -$29.2M | $55.7M | |
| Realized gain on exchange of digital assets | $18.8M | ||
| Impairment of digital assets | -$6.6M | ||
| Impairment of digital intangible assets | -$6.0M | ||
| Loss on write-off of deposit to hosting facility | -$2.0M | ||
| Total operating expenses | -$205.4M | -$80.5M | -$61.5M |
| (Loss) income from operations | -$91.8M | $27.6M | -$16.6M |
| Net loss from disposal of property, plant and equipment | -$907.8K | -$859.1K | -$165.2K |
| Gain from sale of investment security | $924 | $8.2K | |
| Change in fair value of derivative liability | $15.7M | ||
| Other (expense)/income, net | -$6.9M | $5.6M | $3.2M |
| Total other income, net | $8.0M | $4.7M | $3.0M |
| Interest expense | -$3.1M | ||
| (Loss) income before income taxes | -$86.9M | $32.3M | -$13.6M |
| Income tax benefit (expenses) | $2.0M | -$4.0M | -$279.0K |
| Net (loss) income | -$84.9M | $28.3M | -$13.9M |
| Net loss attributable to noncontrolling interest | -$4.6M | ||
| Net (loss) income attributable to Bit Digital shareholders | -$80.3M | $28.3M | -$13.9M |
| Basic (in Shares) | 257.9M shares | 140.3M shares | 87.5M shares |
| Diluted (in Shares) | 257.9M shares | 141.5M shares | 87.5M shares |
| Basic (in Dollars per share) | -$0.31 | $0.20 | -$0.16 |
| Diluted (in Dollars per share) | -$0.31 | $0.19 | -$0.16 |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $118.4M | $95.2M | |
| Restricted cash | $3.9M | $3.7M | |
| Accounts receivable, net | $23.9M | $5.3M | |
| USDC | $484.5K | $411.4K | |
| Digital assets | $415.7M | $161.4M | |
| Net investment in lease current, net | $4.3M | $2.5M | |
| Loans receivable | $400.0K | ||
| Other current assets, net | $26.7M | $28.3M | |
| Total Current Assets | $593.7M | $296.9M | |
| Loans receivable | $400.0K | ||
| Deposits for property, plant, and equipment | $52.8M | $39.1M | $4.2M |
| Property, plant, and equipment, net | $360.2M | $107.3M | |
| Goodwill | $20.1M | $19.4M | |
| Intangible assets, net | $12.8M | $13.0M | |
| Right-of-use assets | $24.7M | $15.0M | |
| Net investment in lease - non-current, net | $9.7M | $6.8M | |
| Investment securities | $69.1M | $30.8M | |
| Deferred tax assets | $2.6M | $89.2K | |
| Other non-current assets, net | $28.6M | $9.6M | |
| Total Non-Current Assets | $580.7M | $241.4M | |
| Total Assets | $1.2B | $538.2M | |
| Accounts payable | $8.9M | $3.4M | |
| Current portion of deferred revenue | $8.0M | $30.7M | |
| Current portion of lease liabilities | $18.5M | $4.5M | |
| Dividend payable | $800.0K | ||
| Income tax payable | $1.5M | $1.6M | |
| Other payables and accrued liabilities | $56.1M | $14.0M | |
| Total Current Liabilities | $92.9M | $55.0M | |
| Non-current portion of deferred revenue | $71.6M | $73.5K | |
| Non-current portion of lease liabilities | $5.4M | $9.3M | |
| Convertible note payable, net | $110.3M | ||
| Derivative liability | $19.3M | ||
| Long-term income tax payable | $3.2M | $3.2M | |
| Deferred tax liabilities | $6.5M | $6.4M | |
| Other long-term liabilities | $785.4K | ||
| Total Non-Current Liabilities | $216.2M | $19.7M | |
| Total Liabilities | $309.2M | $74.8M | |
| Preferred shares, $0.01 par value, 10,000,000 and 10,000,000 shares authorized, 1,000,000 and 1,000,000 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $9.1M | $9.1M | |
| Ordinary shares, $0.01 par value, 1,000,000,000 and 340,000,000 shares authorized, 324,322,214 and 179,255,191 shares issued, 324,192,228 and 179,125,205 shares outstanding as of December 31, 2025 and December 31, 2024, respectively | $3.2M | $1.8M | |
| Treasury stock, at cost, 129,986 and 129,986 shares as of December 31, 2025 and December 31, 2024, respectively | -$1.2M | -$1.2M | |
| Additional paid-in capital | $890.1M | $553.6M | |
| Accumulated deficit | -$178.5M | -$98.2M | |
| Accumulated other comprehensive income (loss) | $1.3M | -$1.6M | |
| Total Bit Digital Shareholders Equity | $724.0M | $463.5M | |
| Non-controlling Interests | $141.3M | ||
| Total Equity | $865.3M | $463.5M | $152.7M |
| Total Liabilities and Equity | $1.2B | $538.2M | |
| Preferred shares, par value (in Dollars per share) | $0.01 | $0.01 | |
| Preferred shares, shares authorized (in Shares) | 10.0M shares | 10.0M shares | |
| Preferred shares, shares issued (in Shares) | 1.0M shares | 1.0M shares | |
| Preferred shares, shares outstanding (in Shares) | 1.0M shares | 1.0M shares | |
| Ordinary shares, par value (in Dollars per share) | $0.01 | $0.01 | |
| Ordinary shares, shares authorized (in Shares) | 1.0B shares | 340.0M shares | |
| Ordinary shares, shares issued (in Shares) | 324.3M shares | 179.3M shares | |
| Ordinary shares, shares outstanding (in Shares) | 324.2M shares | 179.1M shares | |
| Treasury stock shares (in Shares) | 130.0K shares | 130.0K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net (loss) income | -$84.9M | $28.3M | -$13.9M |
| Depreciation and amortization expenses | $36.8M | $32.3M | $14.4M |
| Loss from disposal of property, plant, and equipment | $907.8K | $859.1K | $165.2K |
| Loss (gain) on digital assets | $29.2M | -$55.7M | |
| Share-based compensation expenses | $24.6M | $9.9M | $9.1M |
| Changes in fair value of investment security | $11.4M | -$757.2K | -$485.8K |
| Changes in fair value of derivative liability | -$15.7M | ||
| Current expected credit losses | $228.7K | ||
| Acquisition expense | $1.7M | ||
| Digital assets mined | -$27.3M | -$58.6M | -$44.2M |
| Digital assets earned from staking | -$7.0M | -$1.8M | -$675.7K |
| Realized and unrealized gains on digital assets held within Investment Fund | -$2.6M | -$1.4M | |
| Equity loss from one equity method investment | $7.7K | ||
| Realized gain on exchange of digital assets | -$18.8M | ||
| Impairment of digital assets | $6.6M | ||
| Impairment of digital intangible assets | $6.0M | ||
| Gain on digital intangible assets | -$4.3M | ||
| Gain from sale of investment security | -$924 | -$8.2K | |
| Loss on write off of deposit to hosting facility | $2.0M | ||
| Loss from divestiture of a subsidiary | $978.9K | ||
| Digital assets and stable coins | -$283.1M | $10.0M | $46.9M |
| Digital assets held in fund | -$6.1M | ||
| Digital intangible assets | -$19.1M | ||
| Other current assets | $5.5M | -$1.6M | -$15.3M |
| Other non-current assets | -$19.0M | -$287.2K | -$358.5K |
| Right-of-use assets | $4.9M | $2.8M | -$6.2M |
| Deferred revenue | $48.8M | $17.2M | $13.1M |
| Lease liabilities | -$4.4M | -$2.7M | $6.2M |
| Accounts receivable | -$18.8M | -$4.7M | |
| Net investment in lease | $3.3M | $1.3M | |
| Accounts payable | $6.7M | $3.5M | $692.9K |
| Income tax receivable | $736.4K | ||
| Income tax payable | -$48.4K | $1.5M | $51.0K |
| Other payables and accrued liabilities | $18.1M | $4.0M | $6.5M |
| Other long-term liabilities | -$785.4K | $785.4K | $1.9M |
| Deferred tax liabilities | -$2.6M | $2.3M | $112.3K |
| Long-term income tax payable | $152.2K | ||
| Net Cash (Used in) Provided by Operating Activities | -$288.9M | -$13.0M | $1.1M |
| Purchases of and deposits made for property, plant and equipment | -$285.9M | -$94.0M | -$66.7M |
| Proceeds from disposal of property, plant and equipment | $2.1M | $772.4K | |
| Proceeds from disposal of long-term investment | $89.5K | ||
| Cash paid for acquisition of subsidiaries, net of cash acquired | -$1.6M | -$39.0M | |
| Investment in equity securities | -$2.0M | -$16.0M | -$2.2M |
| Investment in SAFE | -$1.0M | ||
| Proceeds received from disposal of subsidiaries | $176.0K | ||
| Loan made to third parties | -$400.0K | ||
| Net Cash Used in Investing Activities | -$287.4M | -$149.0M | -$69.2M |
| Proceeds from issuance of ordinary shares under private placement, net of issuance costs | $45.3M | ||
| Net proceeds from subsidiary IPO | $144.3M | ||
| Net proceeds from IPO over-allotment option exercise | $22.2M | ||
| Net proceeds from issuance of ordinary shares/At-the-market offering | $63.4M | $242.9M | $8.6M |
| Net proceeds from issuance of ordinary shares/registered direct offering | $63.5M | ||
| Net proceeds from issuance of ordinary shares/public offering | $162.9M | ||
| Net proceeds from issuance of convertible debt | $143.7M | ||
| Cash received from stock option exercise by employee | $2.5K | ||
| Payment of dividends | -$800.0K | -$1.6M | |
| Repayment of finance lease liabilities | -$92.1K | ||
| Net Cash Provided by Financing Activities | $599.1M | $242.9M | $52.2M |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $22.7M | $80.8M | -$15.8M |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | $539.7K | -$95.3K | |
| Cash paid for income taxes, net of (refunds) | $665.5K | $131.9K | -$632.8K |
| Purchases of property and equipment in USDC | -$12.2M | ||
| Right-of-use assets exchanged for operating lease liabilities | $31.6M | $10.5M | $6.3M |
| Dividend payable to preferred shareholders | $800.0K | ||
| Reclassification of deposits to property, plant and equipment | $138.6M | $4.9M | $13.0M |
| Issuance of subsidiary shares to employees in settlement of RSUs | $8.6M | $15.8K | |
| Investment in digital asset held within investment fund | $47.6M | $4.7M | |
| Net investment in sales-type lease of equipment | $7.9M | $4.5M | |
| Reclassification of operating lease right-of-use asset and liability to finance lease | -$17.2M | ||
| Construction in progress included in other payables and accrued liabilities | $27.4M |
Former names
- Golden Bull LtdJul 10, 2017 to Sep 15, 20202
Recent filings
- Sep 9, 20268-K CURRENT REPORT
- Sep 2, 2026RW WITHDRAWAL REQUEST
- Sep 2, 20264
- Sep 2, 20264
- Aug 25, 2026SCHEDULE 13D/A
- Aug 25, 2026S-8 REGISTRATION STATEMENT
- Aug 24, 2026SCHEDULE 13D/A
- Aug 20, 20264
- Aug 20, 20264
- Aug 13, 202610-Q QUARTERLY REPORT
- Aug 13, 20268-K CURRENT REPORT
- Aug 3, 20268-K CURRENT REPORT
- Jul 30, 20268-K CURRENT REPORT
- Jul 28, 20264
- Jul 28, 20264
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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