BTCT on Nasdaq
BTC Digital Ltd.
Price unavailable
Last updated Oct 16, 2026.
Overview
Compare with TON Strategy Co, The9 or OpenWorld, Inc., or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-22.5%Gross margin2
-62.7%Operating margin2
-64.5%Net margin2
20.3%Revenue growth, 20252
-24.4%Return on equity2
-$13.8MFree cash flow2
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue100¢$17.2M
- Interest0¢$62.0K
Out of $14.0M in revenue.2 The company lost money this year.
Financial statements
Every line of the income statement in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenues | $14.0M | $11.7M | $9.1M |
| Cost of revenues | -$17.2M | -$11.6M | -$10.2M |
| Gross profit /(loss) | -$3.2M | $115.0K | -$1.1M |
| Selling and marketing expenses | -$585.0K | -$355.0K | -$225.0K |
| General and administrative expenses | -$5.1M | -$2.4M | -$1.1M |
| Loss from operations | -$8.8M | -$2.7M | -$2.5M |
| Realized gain/(loss) on exchange of digital assets | -$418.0K | $713.0K | $34.0K |
| Interest income | $191.0K | $1.0K | |
| Interest expenses | -$62.0K | -$48.0K | -$63.0K |
| Equity in income on equity method investments | $91.0K | $75.0K | $12.0K |
| Other expenses, net | -$54.0K | -$51.0K | -$327.0K |
| Loss before income tax | -$9.1M | -$2.0M | -$2.8M |
| Net Loss | -$9.1M | -$2.0M | -$2.8M |
| Net loss per share-Basic (in Dollars per share) | -$1.10 | -$0.66 | -$1.89 |
| Net loss per share- Diluted (in Dollars per share) | -$1.10 | -$0.66 | -$1.89 |
| - Basic (in Shares) | 8.2M shares | 3.0M shares | 1.5M shares |
| - Diluted (in Shares) | 8.2M shares | 3.0M shares | 1.5M shares |
Every line of the balance sheet in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $350.0K | $14.9M | |
| Accounts receivable | $6.2M | $5.5M | |
| Prepayments and other current assets | $4.5M | $2.9M | |
| Digital assets | $7.6M | $1.1M | |
| Total current assets | $19.3M | $24.6M | |
| Equity method investments | $4.3M | $4.0M | |
| Right-of-use asset | $343.0K | $384.0K | |
| Property and equipment, net | $16.0M | $12.2M | |
| Total non-current assets | $20.6M | $16.6M | |
| Total assets | $39.9M | $41.1M | |
| Accounts payable | $115.0K | ||
| Short term loans | $2.2M | $484.0K | |
| Contract liabilities | $124.0K | ||
| Current lease liability | $49.0K | $49.0K | |
| Accrued expenses and other payables | $261.0K | $121.0K | |
| Total current liabilities | $2.5M | $893.0K | |
| Lease liability | $286.0K | $320.0K | |
| Total non-current liability | $286.0K | $320.0K | |
| Total liabilities | $2.8M | $1.2M | |
| Ordinary shares (US$0.06 par value; 200,000,000 shares authorized; 6,434,040 and 9,516,975 shares issued outstanding as of December 31, 2024 and December 31, 2025) | $553.0K | $368.0K | |
| Additional paid-in capital | $234.3M | $228.1M | |
| Accumulated deficit | -$197.6M | -$188.6M | |
| Total shareholders equity | $37.2M | $39.9M | $19.4M |
| Total liabilities and shareholders equity | $39.9M | $41.1M | |
| Ordinary shares, par value (in Dollars per share) | $0.06 | $0.06 | |
| Ordinary shares, authorized (in Shares) | 200.0M shares | 200.0M shares | |
| Ordinary shares, issued (in Shares) | 9.5M shares | 6.4M shares | |
| Ordinary shares, outstanding (in Shares) | 9.5M shares | 6.4M 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.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -$9.1M | -$2.0M | -$2.8M |
| Depreciation | $4.1M | $3.7M | $3.2M |
| Realized loss/(gain) on exchange of digital assets | $418.0K | -$713.0K | -$34.0K |
| Equity income on equity method investments | -$91.0K | -$75.0K | -$12.0K |
| Share-based compensation expenses | $1.8M | $571.0K | $138.0K |
| Loss on write-off of property and equipment | $35.0K | $45.0K | |
| Loss on disposal of property and equipment | $357.0K | ||
| Amortization of operating lease right-of-use asset | $41.0K | $10.0K | |
| Increase/(decrease) in accounts receivable | -$746.0K | $8.0K | $3.4M |
| Increase in right-of-use asset | -$394.0K | ||
| (Increase)/decrease in prepayments and other current assets | -$780.0K | $8.0K | $3.0M |
| Change of Digital assets | -$909.0K | $64.0K | -$311.0K |
| Increase/(decrease) in accounts payable | -$115.0K | -$13.0K | -$3.3M |
| (Increase)/decrease in deferred revenue | -$124.0K | -$126.0K | $250.0K |
| Increase/(decrease) in accrued expenses and other payables | $140.0K | $121.0K | |
| Increase in operating lease liability | $49.0K | ||
| Increase/(decrease) of lease liability-non-current | -$34.0K | $320.0K | |
| Net cash flow generated from/(used in) operating activities | -$5.3M | $1.6M | $3.8M |
| Purchases of property and equipment | -$8.5M | -$2.7M | -$2.5M |
| Payment for investment in associate | -$200.0K | ||
| Repayment of advances from related parties | -$475.0K | ||
| Purchases of digital assets | -$6.0M | ||
| Proceeds from disposal of property and equipment | $564.0K | ||
| Advances to related parties | $37.0K | -$4.7M | -$2.7M |
| Advance to third party | -$300.0K | ||
| Repayment of advances to related parties | $441.0K | ||
| Net cash used in investing activities | -$15.5M | -$7.0M | -$4.6M |
| Proceeds from short term loans | $7.8M | $810.0K | $182.0K |
| Repayment of short term loans | -$6.1M | -$451.0K | -$927.0K |
| Proceeds from issuance of ordinary shares, net of issuance costs | $4.5M | $19.9M | $1.6M |
| Net cash generated from financing activities | $6.2M | $20.3M | $807.0K |
| Net increase/(decrease) in cash and cash equivalents | -$14.6M | $14.9M | -$5.0K |
| Interest paid | $62.0K | $21.0K | $63.0K |
| Lease liability arising from obtaining right-of-use asset | $394.0K | ||
| Non-cash issuance of common shares for the purchase of equity in a joint venture | $1.1M | ||
| Non-cash issuance of common shares for the payment of mining facility acquisition | $360.0K | ||
| Issuance of ordinary shares for previously received cash proceeds | $542.0K |
Former names
Recent filings
- Sep 18, 2026424B3 PROSPECTUS
- Sep 17, 2026EFFECT
- Sep 8, 2026F-1/A AMENDMENT NO. 2 TO FORM F-1
- Sep 4, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Sep 2, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Aug 24, 2026F-1/A AMENDMENT NO. 1 TO FORM F-1
- Aug 13, 2026SCHEDULE 13G
- Jul 29, 2026F-1 REGISTRATION STATEMENT
- Jul 6, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Jul 2, 2026SCHEDULE 13G
- May 28, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- May 11, 202620-F ANNUAL REPORT
- Apr 30, 2026NT 20-F NOTIFICATION OF LATE FILING
- Apr 27, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Apr 17, 2026S-8 REGISTRATION STATEMENT
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.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12