Bit Digital, Inc(NASDAQ:BTBT) 
Bit Digital, Inc. engages in the bitcoin mining business. The company was formerly known as Golden Bull Limited and changed its name to Bit Digital, Inc. in September 2020. The company is headquartered in New York, New York.
Website: https://bit-digital.com/
Founded: 2015
Sector: Finance and Insurance
Industry: Credit Card Issuing
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At a glance:
Bull Thesis:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-11-18 | 2024-08-19 | 2024-05-15 | 2023-12-31 | 2023-11-14 | 2023-08-15 | 2023-06-12 | 2022-12-31 | 2022-12-07 | 2022-08-30 | 2022-06-22 | 2021-12-31 | 2021-12-23 | 2021-08-20 | 2021-05-06 | 2020-12-31 | 2020-12-18 | 2020-10-19 | 2020-03-23 | 2020-01-30 | 2019-12-31 | 2018-12-31 | 2018-09-28 | 2017-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | 16,053,689 | 11,559,841 | 9,037,602 | 8,264,999 | ||||||||||||||||||||||||||
digital asset mining | 3,704,796 | 5,525,295 | 7,415,702 | 6,631,838 | 7,776,963 | |||||||||||||||||||||||||
cloud services | 16,766,543 | 19,283,110 | 18,032,898 | 16,595,315 | 14,842,286 | |||||||||||||||||||||||||
colocation services | 4,773,550 | 3,854,123 | 1,692,280 | 1,729,004 | 1,644,663 | |||||||||||||||||||||||||
eth staking | 2,296,509 | 3,251,763 | 2,868,534 | 365,332 | 560,641 | |||||||||||||||||||||||||
other | 383,358 | 423,742 | 454,588 | 337,930 | 280,567 | |||||||||||||||||||||||||
total revenues | 27,924,756 | 32,338,033 | 30,464,002 | 25,659,419 | 25,105,120 | 26,104,201 | 22,708,527 | 28,950,902 | ||||||||||||||||||||||
yoy | 11.23% | 23.88% | 34.15% | -11.37% | ||||||||||||||||||||||||||
qoq | -13.65% | 6.15% | 18.72% | 2.21% | -3.83% | 14.95% | -21.56% | |||||||||||||||||||||||
operating costs and expenses | ||||||||||||||||||||||||||||||
cost of revenue | -5,662,989 | -5,166,294 | -6,021,754 | -6,500,483 | -3,584,145 | -4,268,251 | ||||||||||||||||||||||||
depreciation and amortization expenses | -10,035,581 | -11,715,782 | -9,636,039 | -8,223,538 | -7,241,989 | -8,735,419 | -8,383,055 | -8,346,633 | -6,845,949 | -3,431,960 | -3,623,573 | -3,725,152 | -3,646,048 | -9,395,805 | -9,312,176 | -5,322,120 | -3,799,629 | -3,318,261 | -3,796,672 | -2,348,657 | -3,650,374 | -2,083,003 | -1,171,151 | -70,501 | ||||||
general and administrative expenses | -27,627,296 | -19,932,425 | -33,094,746 | -19,667,364 | -8,235,923 | -16,390,270 | -13,681,750 | -5,480,519 | -5,955,740 | -12,247,235 | -4,873,698 | -5,390,204 | -5,157,455 | -8,012,038 | -6,231,658 | -4,598,238 | -4,272,695 | -13,047,412 | -19,545,639 | -4,335,983 | -2,225,170 | -1,312,843 | -405,705 | -340,569 | ||||||
losses on digital assets | -121,070,273 | |||||||||||||||||||||||||||||
total operating expenses | -170,838,049 | -13,920,414 | -77,473,432 | 2,714,401 | -59,450,354 | -40,523,699 | 16,772,196 | -19,967,106 | -18,561,222 | -11,685,987 | -11,321,525 | -70,324,986 | -23,360,339 | -13,504,503 | -12,340,575 | -21,146,126 | -25,950,256 | -17,568,290 | -18,343,272 | -10,633,748 | -7,787,568 | -1,067,084 | -9,571,016 | -5,731,751 | ||||||
income from operations | -142,913,293 | 11,739,005 | -52,368,312 | 28,818,602 | -36,741,827 | -11,572,797 | 47,059,286 | -3,913,417 | -7,001,381 | -2,648,385 | -3,056,526 | -62,548,101 | -14,229,378 | -6,689,503 | -3,766,828 | -7,759,194 | -15,554,362 | 10,774,404 | 25,609,778 | 1,829,139 | 121,960 | -374,386 | -4,982,978 | -5,215,462.01 | -824,000 | |||||
yoy | 172.90% | -201.44% | -211.28% | -836.41% | 424.78% | 336.98% | -1639.63% | -93.74% | -50.80% | -60.41% | -18.86% | 706.12% | -8.52% | -162.09% | -114.71% | -524.20% | -12853.66% | -2977.89% | -613.95% | -135.07% | 504.73% | |||||||||
qoq | -122.42% | -281.72% | -178.44% | 217.48% | -124.59% | -1302.51% | -44.11% | 164.36% | -13.35% | -95.11% | 339.57% | 112.71% | 77.59% | -51.45% | -50.12% | -244.36% | -57.93% | 1300.10% | 1399.79% | -132.58% | -92.49% | -4.46% | ||||||||
operating margin % | -511.78% | 0% | 0% | 45.75% | -208.60% | 110.40% | -161.80% | -39.97% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | NaN% | -Infinity% | ||
net gain from disposal of property, plant and equipment | 1,821,729 | |||||||||||||||||||||||||||||
change in fair value of derivative liability | 9,252,000 | |||||||||||||||||||||||||||||
interest expense | -5,084,978 | |||||||||||||||||||||||||||||
other expense | -12,933,246 | |||||||||||||||||||||||||||||
total other expense | -6,944,495 | |||||||||||||||||||||||||||||
income before income taxes | -149,857,788 | 16,465,759 | -57,039,929 | 30,203,345 | -38,167,256 | -11,411,319 | 51,659,207 | -2,010,781 | -7,079,211 | -2,317,583 | -2,206,662 | -63,261,704 | -14,142,579 | -16,953,439 | -11,531,731 | -6,130,879 | -675,817 | |||||||||||||
income tax expenses | -421,523 | -740,235.25 | -697,668 | -1,591,557 | -671,716 | -686,840.25 | -628,230 | -541,781 | -1,577,350 | -66,499.25 | -102,927 | 607,730 | -195,529 | -2,533,714 | -938,578 | -101,907 | -282,142 | |||||||||||||
net income | -150,279,311 | -188,817,025 | 146,724,810 | 14,874,202 | -57,711,645 | 28,972,539 | -38,795,486 | -11,953,100 | 50,081,857 | 2,650,503 | 54 | -4,104,840 | -6,937,682 | -6,462,425.38 | -743,254 | |||||||||||||||
yoy | 160.40% | -751.71% | -478.20% | -224.44% | -215.23% | -141.01% | 833.42% | |||||||||||||||||||||||
qoq | -20.41% | -228.69% | 886.44% | -125.77% | -299.19% | -174.68% | 224.56% | -123.87% | 4908238.89% | -100.00% | -40.83% | 7.35% | ||||||||||||||||||
net income margin % | -538.16% | -583.89% | 481.63% | 57.97% | -229.88% | 110.99% | -170.84% | -41.29% | Infinity% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | NaN% | -Infinity% | ||
net loss attributable to noncontrolling interest | -3,610,275 | -454,171 | -4,158,903 | |||||||||||||||||||||||||||
net loss attributable to bit digital shareholders | -146,669,036 | |||||||||||||||||||||||||||||
weighted-average number of ordinary share outstanding | ||||||||||||||||||||||||||||||
basic | 325,638,843 | 257,881,684 | 206,889,826 | 181,413,307 | 140,346,322 | 149,684,237 | 128,053,586 | 114,594,710 | 87,534,052 | 88,987,799 | 83,062,519 | 82,496,474 | 78,614,174 | 55,440,527 | ||||||||||||||||
diluted | 325,638,843 | 257,881,684 | 208,817,806 | 181,413,307 | 141,507,497 | 149,684,237 | 128,053,586 | 115,594,710 | 87,534,052 | 88,987,799 | 83,062,519 | 82,496,474 | 78,614,174 | 57,529,895 | ||||||||||||||||
loss per share | -0.43 | |||||||||||||||||||||||||||||
basic | -0.45 | -0.003 | -0.26 | -0.02 | -0.08 | -0.03 | -0.03 | |||||||||||||||||||||||
diluted | -0.45 | -0.003 | -0.26 | -0.02 | -0.08 | -0.03 | -0.03 | |||||||||||||||||||||||
gains (losses) on digital assets | 36,497,549.25 | 168,040,717 | ||||||||||||||||||||||||||||
impairment of digital intangible assets | -4,171,812 | -1,836,192 | ||||||||||||||||||||||||||||
total operating income/ | 4,986,140 | 111,338,406 | ||||||||||||||||||||||||||||
income (loss) from operations | 25,291,711.75 | 141,802,408 | ||||||||||||||||||||||||||||
net loss from disposal of property, plant and equipment | -34,771 | -539,378 | ||||||||||||||||||||||||||||
other income | -13,407,319 | 6,159,448 | 4,726,754 | -4,337,997 | 2,243,826 | -1,425,429 | 161,478 | 4,599,921 | 2,011,045 | -29,299 | 330,802 | 849,864 | -551,305 | 26,098 | -20,179 | -570,890 | 202,850 | 3,854 | 493,519 | 93,581 | 129,403 | |||||||||
total other income | 2,307,834 | 5,620,070 | 4,726,754 | -4,671,617 | 1,384,743 | -1,425,429 | 161,478 | 4,599,921 | 1,902,636 | -77,830 | 330,802 | 849,864 | 10,458,688 | -1,147,901 | 148,183 | |||||||||||||||
income (loss) before income taxes | 26,712,077 | 147,422,478 | ||||||||||||||||||||||||||||
net income attributable to bit digital shareholders | -188,362,854 | 150,883,713 | ||||||||||||||||||||||||||||
weighted average number of ordinary share outstanding | ||||||||||||||||||||||||||||||
basic | 317,296,789 | |||||||||||||||||||||||||||||
diluted | 318,896,222 | |||||||||||||||||||||||||||||
earnings (loss) per share | ||||||||||||||||||||||||||||||
basic | 0.115 | 0.48 | ||||||||||||||||||||||||||||
diluted | 0.115 | 0.47 | ||||||||||||||||||||||||||||
gains on digital assets | 27,154,706 | -49,205,227 | 43,432,327 | -21,916,244 | -11,538,949 | 45,732,577 | ||||||||||||||||||||||||
net loss from disposal of property and equipment | ||||||||||||||||||||||||||||||
other comprehensive income | ||||||||||||||||||||||||||||||
foreign currency translation adjustment | 3,428,201 | -504,670 | -82,410 | -34,127.79 | -158,319 | |||||||||||||||||||||||||
comprehensive income | 18,302,403 | -58,216,315 | -1,140,210 | 54 | ||||||||||||||||||||||||||
earnings per share | ||||||||||||||||||||||||||||||
basic | 0.07 | -0.09 | 0.44 | |||||||||||||||||||||||||||
diluted | 0.07 | -0.09 | 0.43 | |||||||||||||||||||||||||||
cost of revenues | -9,930,911 | -8,796,391 | -6,489,830.75 | -2,607,945 | -10,883,650 | -12,467,728 | -7,237,902 | -6,210,712 | -656,014 | |||||||||||||||||||||
loss from disposal of property, plant, and equipment | -333,620 | |||||||||||||||||||||||||||||
(loss) earning per share | ||||||||||||||||||||||||||||||
basic | -0.32 | |||||||||||||||||||||||||||||
diluted | -0.32 | |||||||||||||||||||||||||||||
revenue - digital asset mining | 12,020,468.5 | 10,110,221 | 16,079,893 | 21,891,760 | ||||||||||||||||||||||||||
revenue - high performance computing services | 8,179,520.75 | 12,151,302 | 12,497,197 | 8,069,584 | ||||||||||||||||||||||||||
revenue - eth staking | 286,640.5 | 447,004 | 373,812 | 325,746 | ||||||||||||||||||||||||||
cost of revenue - digital asset mining | -8,380,201 | -9,998,031 | -10,537,841 | -12,984,932 | ||||||||||||||||||||||||||
cost of revenue - high performance computing services | -3,303,073.75 | -5,459,667 | -4,595,301 | -3,157,327 | ||||||||||||||||||||||||||
cost of revenue - eth staking | -13,124 | -11,607 | -24,456 | -16,433 | ||||||||||||||||||||||||||
realized gains on exchange of digital assets | ||||||||||||||||||||||||||||||
impairment of digital assets | -900,576 | -2,146,865 | -1,351,331 | -2,233,665 | 1,395,854 | -2,365,132 | -13,639,386 | -10,045,603 | ||||||||||||||||||||||
loss from disposal of property and equipment | -3,789,683 | |||||||||||||||||||||||||||||
gain from sale of investment security | 8,220 | 1,039,999 | ||||||||||||||||||||||||||||
revenue | ||||||||||||||||||||||||||||||
total revenue | 30,287,090 | |||||||||||||||||||||||||||||
realized gain on exchange of digital assets | 8,585,067 | 879,305 | 4,443,689 | 4,881,937 | 1,747,407 | 1,049,110 | 2,115,301 | 1,637,023 | 655,970 | 129,935 | ||||||||||||||||||||
net gain from disposal of property and equipment | -108,409 | -56,751 | ||||||||||||||||||||||||||||
net loss and comprehensive loss | -2,967,363.25 | -7,182,138 | -2,427,010 | -2,260,305 | ||||||||||||||||||||||||||
income tax (expenses) benefits | -109,427 | -53,643 | -1,171,293 | |||||||||||||||||||||||||||
revenue from digital asset mining | 6,129,927 | 9,130,961 | 6,815,000 | 8,573,747 | ||||||||||||||||||||||||||
gain from disposal of property and equipment | 378,899.25 | 60,701 | 1,280,328 | 174,568 | 43,436 | |||||||||||||||||||||||||
total other income (expenses) | -713,603 | 86,799 | ||||||||||||||||||||||||||||
net income and comprehensive income | -10,660,657.25 | -14,338,108 | -18,124,732 | -10,179,789 | 3,574,522.5 | -20,148,834 | -1,339,400 | 35,786,324 | ||||||||||||||||||||||
weighted-average number of ordinary share outstanding | ||||||||||||||||||||||||||||||
basic and diluted | 83,330,049 | 79,598,964 | 69,627,314 | 54,675,621 | 49,737,336 | 48,291,310 | 30,591,122 | 42,297,011 | 17,379,405 | |||||||||||||||||||||
earnings per share | ||||||||||||||||||||||||||||||
basic and diluted | -0.138 | -0.17 | -0.045 | |||||||||||||||||||||||||||
total other expenses | -10,263,936 | -1,302,275.75 | -3,655,894 | |||||||||||||||||||||||||||
net income per share | ||||||||||||||||||||||||||||||
basic and diluted | -0.23 | -0.15 | ||||||||||||||||||||||||||||
total other (expenses) income | -7,764,903 | -12,011,897 | ||||||||||||||||||||||||||||
income tax benefits | 1,351,942 | |||||||||||||||||||||||||||||
revenue from cryptocurrency mining | 20,672,909.5 | 10,395,894 | 28,342,694 | 43,953,050 | 12,462,887 | 7,909,528 | 692,698 | |||||||||||||||||||||||
cost and operating expenses | ||||||||||||||||||||||||||||||
net income from continuing operations before income taxes | 3,905,179.25 | -19,210,256 | -1,237,493 | 36,068,466 | 2,650,449 | 100,239 | ||||||||||||||||||||||||
net income from continuing operations | -9,434,088 | -20,148,834 | -1,339,400 | 35,786,324 | 2,650,449 | 100,239 | -370,342 | |||||||||||||||||||||||
net loss from discontinued operations | -100,185 | -3,734,498 | ||||||||||||||||||||||||||||
income per share | ||||||||||||||||||||||||||||||
basic and diluted | 0.07 | -0.37 | -0.03 | 0.74 | ||||||||||||||||||||||||||
realized gain on exchange of cryptocurrencies | -3,503,845 | 10,456,497 | 821,310 | -21,721 | 5,968 | |||||||||||||||||||||||||
impairment of cryptocurrencies | -9,045,007 | |||||||||||||||||||||||||||||
interest income | 1 | 40 | 19,799 | |||||||||||||||||||||||||||
other expenses | 2,191 | -1 | -1,964 | |||||||||||||||||||||||||||
net loss from continuing operations before income taxes | -370,342 | |||||||||||||||||||||||||||||
net loss attributable to noncontrolling interests | ||||||||||||||||||||||||||||||
net loss attributable to bit digital, inc.’s shareholders | -4,104,840 | |||||||||||||||||||||||||||||
comprehensive loss | -4,104,840 | -7,020,092 | -6,428,297.59 | -901,573 | ||||||||||||||||||||||||||
total comprehensive loss attributable to noncontrolling interests | ||||||||||||||||||||||||||||||
total comprehensive loss attributable to bt digital inc.’s shareholders | -4,104,840 | |||||||||||||||||||||||||||||
loss per share | -0.43 | |||||||||||||||||||||||||||||
basic and diluted | -0.24 | |||||||||||||||||||||||||||||
operating revenues | ||||||||||||||||||||||||||||||
transaction fees | 4,588,038 | 2,496,120 | ||||||||||||||||||||||||||||
management fees | 2,726,514 | |||||||||||||||||||||||||||||
sales taxes | -314,883 | |||||||||||||||||||||||||||||
total operating revenues | 4,588,038 | 4,907,751 | ||||||||||||||||||||||||||||
operating expenses | ||||||||||||||||||||||||||||||
selling | -6,956,606 | -2,301,394 | ||||||||||||||||||||||||||||
general and administrative | -2,476,987 | -3,153,411 | ||||||||||||||||||||||||||||
research and development | -137,423 | 351,381 | -276,946 | |||||||||||||||||||||||||||
other finance expenses | -1,241,482 | -1,019 | ||||||||||||||||||||||||||||
provision for income taxes | ||||||||||||||||||||||||||||||
current | 87,664 | |||||||||||||||||||||||||||||
deferred | 806,803 | -20,227 | ||||||||||||||||||||||||||||
total provision for income taxes | 806,803 | |||||||||||||||||||||||||||||
less: net income attributable to noncontrolling interest | -152,136 | 4,673 | ||||||||||||||||||||||||||||
net income attributable to golden bull limited | -6,785,546 | |||||||||||||||||||||||||||||
less: comprehensive loss attributable to noncontrolling interest | -159,553 | -6,032 | ||||||||||||||||||||||||||||
comprehensive loss attributable to golden bull limited | -6,860,539 | -6,428,297.59 | -895,541 | |||||||||||||||||||||||||||
weighted-average number of common shares | ||||||||||||||||||||||||||||||
basic and diluted* | 14,645,593 | 13,972,625 | ||||||||||||||||||||||||||||
earnings per share | ||||||||||||||||||||||||||||||
turnover | 4,547,431.78 | |||||||||||||||||||||||||||||
cost of sales | 19,377.56 | |||||||||||||||||||||||||||||
gross profit | 4,528,054.22 | |||||||||||||||||||||||||||||
yoy | ||||||||||||||||||||||||||||||
qoq | ||||||||||||||||||||||||||||||
gross margin % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | Infinity% | NaN% | NaN% | ||
other revenue | 18,974.39 | |||||||||||||||||||||||||||||
other net income | ||||||||||||||||||||||||||||||
selling expenses | 5,327,187.62 | |||||||||||||||||||||||||||||
administrative expenses | 4,083,922 | |||||||||||||||||||||||||||||
finance costs | 1,246,963.37 | |||||||||||||||||||||||||||||
loss before taxation | -6,462,425.38 | |||||||||||||||||||||||||||||
income tax | ||||||||||||||||||||||||||||||
less: comprehensive loss attributable to non-controlling interest | ||||||||||||||||||||||||||||||
number of shares | 14,899,185 | |||||||||||||||||||||||||||||
loss per share | -0.43 | |||||||||||||||||||||||||||||
provision (benefit) for income tax | ||||||||||||||||||||||||||||||
total provision for income tax | 67,437 | |||||||||||||||||||||||||||||
net loss attributable to golden bull limited | -747,927 | |||||||||||||||||||||||||||||
weighted-average number of ordinary shares |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2020-12-18 | 2020-10-19 | 2020-01-30 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||
current assets | ||||||||||||||
cash and cash equivalents | 79,529,572 | 118,356,299 | 179,118,182 | 181,165,847 | 57,555,011 | 95,201,335 | 16,860,934 | 32,691,060 | 42,398,528 | 405,133 | 521,648 | 1,911,226 | 2,334,425 | |
restricted cash | 4,323,022 | 3,856,819 | 3,732,792 | 3,732,792 | 3,732,792 | 3,732,792 | 1,320,000 | 1,320,000 | 600,000 | 600,000 | 600,000 | 600,000 | ||
accounts receivable | 91,724,864 | 23,921,591 | 17,441,029 | 6,491,562 | 2,531,188 | 5,267,863 | ||||||||
usdc | 191,024 | 484,459 | 1,027,458 | 515,242 | 1,036,596 | 411,413 | 405,596 | 626,441 | 56,005 | |||||
digital assets | 294,996,104 | 415,734,409 | 423,682,364 | 91,214,450 | 79,030,760 | 161,377,344 | 40,456,083 | 27,587,328 | 51,112,146 | |||||
net investment in lease – current | 3,897,530 | 4,260,877 | 4,126,623 | |||||||||||
loans receivable | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | |||||||
other current assets | 24,670,479 | 26,734,984 | 25,865,020 | 26,715,156 | 41,505,238 | 28,319,669 | 18,188,032 | 1,433,999 | 3,050,616 | 2,020,374 | 1,278,560 | 12,801 | ||
total current assets | 499,732,595 | 593,749,438 | 672,650,640 | 313,752,970 | 188,024,188 | 296,856,935 | 83,346,183 | 64,395,273 | 96,561,290 | 8,719,429 | 3,052,235 | 2,677,505 | 5,663,732 | |
non-current assets | ||||||||||||||
deposits for property, plant, and equipment | 67,983,795 | 52,838,419 | 9,979,576 | 21,066,026 | 17,096,261 | |||||||||
property, plant, and equipment | 451,969,400 | 360,243,018 | 271,305,168 | 253,920,936 | 185,305,935 | 107,302,458 | ||||||||
goodwill | 19,809,807 | 20,145,663 | 19,848,419 | 20,190,268 | 19,243,410 | 19,383,291 | ||||||||
intangible assets | 12,429,693 | 12,820,574 | 12,808,901 | 13,210,056 | 12,762,627 | 13,028,730 | ||||||||
right-of-use assets | 30,808,084 | 24,654,620 | ||||||||||||
net investment in lease - non-current | 9,043,622 | 9,686,949 | 10,798,088 | 9,367,633 | 6,087,814 | 6,782,479 | ||||||||
investment securities | 56,008,172 | 69,120,771 | 86,676,878 | 38,953,792 | 33,135,336 | 30,797,365 | 4,373,685 | 1,787,922 | ||||||
deferred tax assets | 4,537,209 | 2,579,034 | 58,081 | 810,863 | ||||||||||
other non-current assets | 28,362,375 | 28,579,646 | 6,151,971 | 8,065,349 | 7,965,671 | 9,579,884 | 9,290,239 | 9,033,200 | ||||||
total non-current assets | 680,952,157 | 580,668,694 | 460,433,970 | 409,666,067 | 297,224,386 | 241,390,729 | 105,982,199 | 36,025,394 | ||||||
total assets | 1,180,684,752 | 1,174,418,132 | 1,133,084,610 | 723,419,037 | 485,248,574 | 538,247,664 | 189,328,382 | 100,420,667 | 179,917,981 | 39,893,549 | 20,717,521 | 13,961,764 | 7,536,231.94 | 12,481,470 |
liabilities and shareholders’ equity | ||||||||||||||
current liabilities | ||||||||||||||
accounts payable | 8,798,632 | 8,874,530 | 6,301,907 | 2,087,887 | 1,812,165 | 3,418,172 | 2,316,343 | 3,628,619 | 2,608,899 | 1,365,716 | 268,604 | 97,490 | ||
current portion of deferred revenue | 18,730,619 | 7,997,054 | 7,774,675 | 11,640,667 | 21,175,064 | 30,698,458 | ||||||||
current portion of lease liabilities | 18,375,500 | 18,460,194 | ||||||||||||
income tax payable | 788,157 | 1,546,876 | 1,394,825 | 1,936,542 | 1,910,726 | 1,595,308 | 50,973 | 559,774 | ||||||
other payables and accrued liabilities | 31,853,843 | 56,067,289 | 17,274,634 | 18,943,717 | 18,322,256 | 13,985,375 | 9,775,718 | 1,714,735 | 1,875,933 | 191,536 | 229,856 | 210,322 | 355,434 | |
total current liabilities | 78,546,751 | 92,945,943 | 38,368,041 | 40,096,441 | 48,251,037 | 55,026,604 | 27,081,262 | 7,443,354 | 5,044,606 | 1,893,974 | 835,182 | 1,215,946 | 403,219 | |
non-current liabilities | ||||||||||||||
non-current portion of deferred revenue | 125,776,956 | 71,554,398 | 13,671 | 28,046 | 72,963 | 73,494 | ||||||||
non-current portion of lease liability | 11,307,912 | |||||||||||||
convertible notes payable | 334,189,318 | |||||||||||||
derivative liability | 10,008,000 | 19,260,000 | ||||||||||||
deferred tax liabilities | 12,170,831 | 6,494,382 | 462,372 | |||||||||||
total non-current liabilities | 493,453,017 | 216,211,387 | 49,135,183 | 50,133,952 | 19,579,644 | 19,741,911 | 9,543,264 | 3,044,004 | ||||||
total liabilities | 571,999,768 | 309,157,330 | 87,503,224 | 90,230,393 | 67,830,681 | 74,768,515 | 36,624,526 | 10,487,358 | 8,274,254 | 1,893,974 | 835,182 | 1,215,946 | 2,353,434.53 | 403,219 |
commitments and contingencies – note 21 | ||||||||||||||
bit digital shareholders’ equity | ||||||||||||||
preferred shares, 0.01 par value... | 9,050,000 | 9,050,000 | 9,050,000 | 9,050,000 | 9,050,000 | 9,050,000 | 9,050,000 | 9,050,000 | 9,050,000 | |||||
ordinary shares, 0.01 par value... | 3,315,647 | 3,243,222 | 3,222,548 | 2,841,823 | 1,828,963 | 1,792,548 | 1,074,218 | 824,856 | 695,914 | |||||
treasury stock | -1,171,679 | -1,171,679 | -1,171,679 | -1,171,679 | -1,171,679 | -1,171,679 | -1,171,679 | -1,171,679 | -1,094,859 | |||||
additional paid-in capital | 783,877,580 | 890,067,907 | 884,809,812 | 762,157,571 | 565,702,081 | 553,583,437 | 290,660,609 | 212,646,143 | 182,869,159 | 53,219,626 | 37,796,285 | 20,145,220 | 15,855,220 | 15,855,220 |
accumulated deficit | -325,995,279 | -178,526,245 | -141,047,106 | -155,921,306 | -98,209,661 | -146,909,292 | -131,416,011 | -19,876,487 | -15,700,489 | -18,350,938 | -17,894,991 | -10,782,146.59 | -4,319,902 | |
accumulated other comprehensive income | 130,640 | 1,330,666 | 406,386 | 1,358,035 | -33,947 | |||||||||
total bit digital shareholders’ equity | 469,206,909 | 723,993,871 | 906,153,675 | |||||||||||
non-controlling interests | 139,478,075 | 141,266,931 | ||||||||||||
total equity | 608,684,984 | 865,260,802 | 1,045,581,386 | 37,999,575 | 19,882,339 | 12,745,818 | 5,182,797.41 | |||||||
total liabilities and equity | 1,180,684,752 | 1,174,418,132 | 1,133,084,610 | 39,893,549 | 20,648,330 | 13,961,764 | 7,536,231.94 | |||||||
dividend payable | 800,000 | |||||||||||||
non-current portion of lease liabilities | 5,415,458 | |||||||||||||
convertible note payable | 110,290,945 | |||||||||||||
long-term income tax payable | 3,196,204 | 3,196,204 | 3,196,204 | 3,196,204 | 3,196,204 | 3,196,204 | 3,044,004 | 2,767,276 | ||||||
other long-term liabilities | 196,345 | 392,686 | 589,029 | 785,372 | 1,883,333 | |||||||||
commitments and contingencies | ||||||||||||||
digital intangible assets | 17,257,172 | |||||||||||||
operating lease right-of-use assets | 42,773,580 | 44,799,045 | 15,138,730 | 14,967,569 | 6,216,255 | |||||||||
deferred tax asset | 91,389 | 92,962 | 88,602 | 89,246 | ||||||||||
current portion of operating lease liability | 5,622,000 | 5,487,628 | 5,030,826 | 4,529,291 | 1,864,779 | |||||||||
non-current portion of operating lease liability | 36,294,655 | 38,257,665 | 8,984,489 | 9,276,926 | 4,351,476 | |||||||||
deferred tax liability | 9,434,308 | 8,259,351 | 6,736,959 | 6,409,915 | 112,251 | |||||||||
commitments and contingencies – note 19 | ||||||||||||||
retained earnings | 9,836,608 | |||||||||||||
noncontrolling interests | 139,427,711 | 252,333 | ||||||||||||
net investment in lease - current | 3,517,921 | 2,632,603 | 2,546,519 | |||||||||||
shareholders’ equity | ||||||||||||||
total shareholders’ equity | 633,188,644 | 417,417,893 | 463,479,149 | 152,703,856 | 89,933,309 | 171,643,727 | 11,611,095 | |||||||
total liabilities and shareholders’ equity | 723,419,037 | 485,248,574 | 538,247,664 | 189,328,382 | 100,420,667 | 179,917,981 | 12,481,470 | |||||||
accumulated other comprehensive loss | -2,070,166 | -1,565,496 | -100,186 | |||||||||||
digital assets held in fund | 6,115,538 | |||||||||||||
deposits for property and equipment | 39,059,707 | 4,227,371 | 2,594,881 | 43,094,881 | ||||||||||
income tax receivable | 736,445 | |||||||||||||
property and equipment | 81,474,649 | 22,609,391 | 32,489,158 | 29,849,157 | 17,665,286 | 4,419,939 | 723,777 | |||||||
deferred revenue | 13,073,449 | |||||||||||||
accrued litigation settlement cost | 2,100,000 | |||||||||||||
investment security | 1,000,000 | |||||||||||||
other noncurrent assets | 6,714,571 | |||||||||||||
due to related parties | 336,722 | 336,722 | 908,134 | |||||||||||
cryptocurrencies | 6,237,917 | 652,027 | 153,478 | |||||||||||
assets of discontinued operations | ||||||||||||||
restricted cash, noncurrent | ||||||||||||||
deposits for equipment | 1,324,963 | 6,864,320 | ||||||||||||
assets of discontinued operations, noncurrent | ||||||||||||||
liabilities and equity | ||||||||||||||
current liabilities of discontinued operations | ||||||||||||||
common shares, 0.01 par value... | 480,438 | 436,992 | 221,992 | 148,992 | ||||||||||
share subscription receivables | -45,457 | |||||||||||||
statutory reserve | 6,189 | |||||||||||||
total bit digital, inc.’s shareholders’ equity | 37,999,575 | 19,882,339 | 12,493,485 | |||||||||||
advance of share subscription fees from shareholders | 10,160,718 | |||||||||||||
cash | 399,152.5 | |||||||||||||
other receivables | 1,005,632.4 | 142,255 | ||||||||||||
prepaid costs and expenses | 80,399.14 | 3,187,052 | ||||||||||||
current assets total | 1,485,184.04 | |||||||||||||
property, plant and equipment. net | 666,705.6 | |||||||||||||
long term prepayment | ||||||||||||||
deposits for rental vehicles | 2,482,592 | |||||||||||||
prepaid expenses | 4,784,342.3 | 2,200,506 | ||||||||||||
non-current assets total | 6,051,047.9 | |||||||||||||
tax payable | -912.55 | |||||||||||||
other payable and accrued liabilities | 2,354,347.08 | |||||||||||||
provisions | ||||||||||||||
deferred income | ||||||||||||||
liabilities directly associated with non-current assets classified as held for sale | ||||||||||||||
current tax liability | ||||||||||||||
current liabilities total | 2,353,434.53 | |||||||||||||
non-current liabilities total | ||||||||||||||
capital and reserves | ||||||||||||||
common shares | 148,992 | |||||||||||||
shares subscription receivables | -45,457 | -45,457 | ||||||||||||
statutory reserves | 6,189 | 6,189 | ||||||||||||
non-controlling interest | ||||||||||||||
other assets | ||||||||||||||
total other assets | 6,093,961 | |||||||||||||
taxes payable | 47,785 | |||||||||||||
noncontrolling interest | 467,156 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-11-18 | 2024-08-19 | 2024-05-15 | 2023-12-31 | 2023-11-14 | 2023-08-15 | 2023-06-12 | 2022-12-31 | 2022-12-07 | 2022-08-30 | 2022-06-22 | 2021-12-31 | 2021-12-23 | 2021-08-20 | 2021-05-06 | 2020-12-31 | 2020-12-18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||
net loss | -150,279,311 | -2,023,828 | -7,182,138 | -2,427,010 | -2,260,305 | 2,650,503 | -456,000 | |||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||
depreciation and amortization expenses | 10,035,582 | 11,715,782 | 9,636,039 | 8,223,538 | 7,241,989 | |||||||||||||||||
(gain) loss from disposal of property, plant, and equipment | -1,821,729 | |||||||||||||||||||||
amortization of discount on debts issued | 1,780,285 | |||||||||||||||||||||
losses on digital assets | 121,070,273 | -27,154,706 | 49,205,227 | |||||||||||||||||||
share-based compensation expenses | 15,303,825 | 2,198,013 | 15,236,615 | 6,890,631 | 252,390 | |||||||||||||||||
changes in fair value of investment securities | 13,110,707 | |||||||||||||||||||||
changes in fair value of derivative liability | -9,252,000 | |||||||||||||||||||||
current expected credit losses | -6,834 | 117,504 | ||||||||||||||||||||
digital assets mined | -3,704,796 | -5,525,295 | -7,415,702 | -6,631,838 | -7,776,963 | -10,110,221 | -16,079,893 | -21,891,760 | -15,799,024 | -11,315,061 | -8,911,943 | -8,214,390 | -7,727,146 | |||||||||
digital assets earned from staking | -2,296,509 | -3,251,763 | -2,868,534 | -365,332 | -560,641 | -447,004 | -373,812 | -325,746 | -254,664 | -244,781 | -125,659 | -50,609 | ||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||
digital assets and stable coins | 5,322,412 | -141,206,577 | -195,852,296 | 21,443,420 | 32,541,117 | 6,870 | -26,296 | 396,210 | 35,096,869 | 926,319 | 0 | 10,859,035 | ||||||||||
right-of-use assets | 1,734,125 | |||||||||||||||||||||
deferred revenue | 64,978,510 | 71,754,159 | -3,962,453 | -9,519,423 | -9,520,254 | 30,000,000 | -3,751,588 | -9,321,861 | ||||||||||||||
lease liabilities | -1,813,705 | |||||||||||||||||||||
other current assets | 1,628,881 | 2,100,362 | -536,314 | 14,620,833 | -10,690,340 | -14,568,495 | 4,955,568 | 3,428,276 | -14,245,990 | 270,299 | -1,553,307 | 207,484 | 752,959 | 2,460,402 | -517,113 | -223,745 | -140,688 | 1,633,276 | -413,643 | -1,336,681 | -565,298 | -1,196,569 |
other non-current assets | 211,855 | -22,420,361 | 1,820,954 | 39,436 | 1,536,347 | 428,556 | 428,049 | 140,645 | -1,258,911 | 704,634 | -1,267,012 | 1,462,760 | 139,811 | -3,060,150 | ||||||||
accounts receivable | -67,811,934 | -6,591,662 | -10,973,164 | -3,914,809 | 2,727,964 | 216,556 | ||||||||||||||||
accounts payable | 64,314 | 2,583,293 | 4,417,549 | 658,525 | -917,012 | 1,237,617 | -966,579 | 4,786,557 | 1,788,467 | 71,832 | 1,480,942 | -2,648,387 | 2,216,921 | -4,129,727 | 2,695,747 | 10,227,822 | 12,757,378 | 14,015,682 | 171,114 | |||
other payables and accrued liabilities | -182,813 | 18,928,295 | -6,053,145 | 330,246 | 4,934,594 | 4,022,348 | 1,057,652 | -4,764,318 | 7,451,720 | -2,753,385 | 3,768,529 | -2,015,827 | 2,791,896 | 1,502,679 | -174,123 | 856,218 | 5,632,531 | 1,737,587 | 1,356,030 | -30,648 | -170,323 | 19,534 |
net investment in lease | 1,021,232 | 980,850 | 950,001 | 733,189 | 608,581 | -873,088 | 242,706 | -3,118,145 | ||||||||||||||
other long-term liabilities | -196,345 | -196,341 | -196,344 | -196,343 | ||||||||||||||||||
income tax payable | -758,719 | 152,051 | -541,717 | 25,815 | 315,419 | 654,994 | 628,227 | 1,983 | -57,216 | -211,471 | 66,071 | 282,338 | -40,554 | 251,919 | ||||||||
deferred tax liabilities | 571,510 | |||||||||||||||||||||
net cash from operating activities | -1,094,839 | -84,059,586 | -239,959,926 | 17,693,160 | 17,401,915 | 10,059,323 | -9,502,895 | -20,867,530 | 24,340,062 | -13,912,962 | -7,841,498 | -1,480,014 | -1,448,515 | 8,218,834 | -8,602,919 | -6,663,428 | -12,066,795 | -6,369,908 | -2,284,000 | -2,537,979 | ||
capital expenditures | 0 | 0 | 0 | 0 | 0 | -1,608,417 | -5,085,853 | -474,409 | -64,003,799 | -2,574,621 | 0 | 0 | -47,685 | -682,818 | 0 | 0 | -5,671,270 | -3,708,462 | -4,016,119 | -15,070,222 | ||
free cash flows | -1,094,839 | -84,059,586 | -239,959,926 | 17,693,160 | 17,401,915 | 8,450,906 | -14,588,748 | -21,341,939 | -39,663,737 | -16,487,583 | -7,841,498 | -1,480,014 | -1,496,200 | 7,536,016 | -8,602,919 | -6,663,428 | -17,738,065 | -10,078,370 | -6,300,119 | -17,608,201 | ||
cash flows from investing activities: | ||||||||||||||||||||||
purchases of and deposits made for property, plant and equipment | -169,168,417 | -121,910,310 | -16,873,301 | -82,183,564 | -64,961,231 | |||||||||||||||||
proceeds from disposal of property, plant and equipment | 26,482,746 | 147,115 | 1,053,063 | |||||||||||||||||||
net cash from investing activities | -142,685,671 | -123,357,422 | -15,820,238 | -83,279,148 | -64,961,231 | -17,332,417 | -6,185,853 | -474,409 | -58,363,799 | -60,157 | -8,231,301 | -2,503,807 | 1,950,317 | -20,248,047 | 3,801,660 | -4,109,195 | -43,678,880 | -108,462 | 1,772,500 | 1,080,412 | -169,371 | |
cash flows from financing activities: | ||||||||||||||||||||||
net proceeds from issuance of ordinary shares/at-the-market offering | 4,107,662 | 4,932,052 | ||||||||||||||||||||
net proceeds from issuance of convertible debt | 222,118,088 | |||||||||||||||||||||
purchase of zero-strike call option in connection with issuance of convertible notes | -119,999,983 | |||||||||||||||||||||
payment of dividends | -800,000 | 0 | 0 | 0 | -800,000 | -800,000 | 0 | 0 | -800,000 | |||||||||||||
repayment of finance lease liabilities | -279,135 | |||||||||||||||||||||
net cash from financing activities | 105,146,632 | 146,386,489 | 253,381,579 | 189,936,455 | 9,377,238 | 51,435,447 | 41,621,510 | 38,652,407 | 30,077,462 | 16,260,888 | 6,685,000 | -800,000 | -76,820 | 0 | 21,010,000 | -2,219,355 | 71,683,107 | 4,685,400 | 28,538,000 | 1,280,000 | 6,395,678 | |
net decrease in cash, cash equivalents and restricted cash | -38,633,878 | -4,783,821 | 16,208,741 | -12,991,978 | ||||||||||||||||||
effect of exchange rate changes on cash, cash equivalents and restricted cash | 273,354 | 392,663 | 350,920 | -739,631 | 535,754 | |||||||||||||||||
cash, cash equivalents and restricted cash, beginning of period | 122,213,118 | 0 | 0 | 98,934,127 | 0 | 0 | 18,180,934 | 0 | 0 | 34,011,060 | 0 | 0 | 42,398,528 | |||||||||
cash, cash equivalents and restricted cash, end of period | 83,852,594 | -2,047,665 | 123,610,836 | 61,287,803 | 44,162,353 | 25,932,762 | 35,491,402 | 2,287,769 | -9,387,799 | 29,227,239 | -12,029,213 | 16,208,741 | 29,406,550 | |||||||||
supplemental cash flow information | ||||||||||||||||||||||
cash paid for income taxes, net of refunds | 696,909 | 0 | ||||||||||||||||||||
non-cash transactions of investing and financing activities | ||||||||||||||||||||||
remeasurement of finance lease right-of-use asset and liability | -30,435 | |||||||||||||||||||||
reclassification of deposits to property and equipment | 6,461,624 | 23,799,606 | 16,990,402 | 80,305,941 | 1,187,328 | 2,601,562 | 7,540,304 | -1,500,000 | ||||||||||||||
right of use assets exchanged for operating lease liabilities | 8,144,892 | |||||||||||||||||||||
issuance of subsidiary shares to employees in settlement of rsus | 2,397,540 | 2,760,036 | ||||||||||||||||||||
construction in progress included in other payables and accrued liabilities | -26,572,117 | |||||||||||||||||||||
net income | -188,817,025 | 146,724,810 | 14,874,202 | -57,711,645 | -11,953,100 | 50,081,857 | -14,338,108 | -18,124,732 | -10,179,789 | -9,434,088 | -20,148,834 | -1,339,400 | 35,786,324 | |||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||
loss from disposal of property, plant, and equipment | 34,771 | 539,378 | 0 | 333,620 | ||||||||||||||||||
loss on digital assets | ||||||||||||||||||||||
acquisition expense | ||||||||||||||||||||||
realized and unrealized gains on digital assets held within investment fund | 0 | 331,625 | -3,007,862 | |||||||||||||||||||
equity loss from one equity method investment | 0 | 5,912 | ||||||||||||||||||||
realized gain on exchange of digital assets | -8,585,067 | -879,305 | -4,443,689 | -4,881,937 | -1,747,407 | -1,049,110 | -2,115,301 | -1,637,023 | ||||||||||||||
impairment of digital assets | 900,576 | 2,146,865 | 1,351,331 | 2,233,665 | -1,395,854 | 2,365,132 | 13,639,386 | 10,045,603 | 0 | |||||||||||||
impairment of digital intangible assets | 4,171,812 | |||||||||||||||||||||
gain on disposal of digital intangible assets | ||||||||||||||||||||||
gain from sale of investment security | 0 | 0 | 0 | 0 | -1,039,999 | |||||||||||||||||
loss on write off of deposit to hosting facility | ||||||||||||||||||||||
loss from divestiture of a subsidiary | ||||||||||||||||||||||
digital assets held in fund | ||||||||||||||||||||||
digital intangible assets | -1 | |||||||||||||||||||||
income tax receivable | ||||||||||||||||||||||
long-term income tax payable | 0 | 0 | 114,150 | 38,050 | 69,182 | 69,182 | 69,182 | 69,182 | ||||||||||||||
proceeds from disposal of long-term investment | 0 | 0 | 856,665 | |||||||||||||||||||
cash paid for acquisition of subsidiaries, net of cash acquired | ||||||||||||||||||||||
investment in equity securities | 0 | 0 | -15,900,000 | 0 | -99,999 | 0 | -2,088,982 | |||||||||||||||
investment in safe | 0 | |||||||||||||||||||||
proceeds received from disposal of subsidiaries | ||||||||||||||||||||||
loan made to third parties | 0 | 1,093,209 | ||||||||||||||||||||
proceeds from issuance of ordinary shares under private placement, net of issuance costs | 0 | |||||||||||||||||||||
net proceeds from subsidiary ipo | -3,115,870 | |||||||||||||||||||||
net proceeds from ipo over-allotment option exercise | -38 | |||||||||||||||||||||
net proceeds from issuance of ordinary shares/registered direct offering | 715,019 | |||||||||||||||||||||
net proceeds from issuance of ordinary shares/public offering | 237,444 | |||||||||||||||||||||
cash received from stock option exercise by employee | 0 | |||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | -61,030,519 | -2,398,585 | 124,350,467 | -38,182,078 | 44,162,353 | 25,932,762 | 17,310,468 | 424,982 | -177,567 | -1,389,578 | ||||||||||||
cash, cash equivalents and restricted cash, beginning of the year | ||||||||||||||||||||||
cash, cash equivalents and restricted cash, end of the year | ||||||||||||||||||||||
cash paid for income taxes, net of | 0 | |||||||||||||||||||||
purchases of property and equipment in usdc | -5,640,000 | -1,431,735 | 0 | -707,600 | 0 | 0 | 0 | -895,893 | ||||||||||||||
right-of-use assets exchanged for operating lease liabilities | ||||||||||||||||||||||
dividend payable to preferred shareholders | ||||||||||||||||||||||
reclassification of deposits to property, plant and equipment | ||||||||||||||||||||||
investment in digital asset held within investment fund | ||||||||||||||||||||||
net investment in sales-type lease of equipment | 0 | |||||||||||||||||||||
reclassification of operating lease right-of-use asset and liability to finance lease | ||||||||||||||||||||||
gains on digital assets | 21,916,244 | 11,538,949 | -45,732,577 | |||||||||||||||||||
changes in fair value of investment security | -7,121,391 | -3,816,856 | 4,692,428 | 2,040,185 | -82,792 | -454,705 | -411,721 | -6,329 | -24,835 | -42,891 | 577,546 | |||||||||||
operating lease right-of-use assets | 1,436,674 | 1,343,384 | 1,096,155 | -6,023,584 | 472,042 | 460,955 | ||||||||||||||||
lease liability | -1,255,728 | -1,223,463 | -1,064,735 | |||||||||||||||||||
deferred tax liability | 1,241,545 | 1,332,712 | 354,017 | -26,764 | -94,446 | 1,575,367 | ||||||||||||||||
right of use assets exchanged for operating lease liability | 378,325 | 29,894,687 | 1,298,508 | 460,955 | ||||||||||||||||||
net proceeds from issuance of common stock for public offering | ||||||||||||||||||||||
net proceeds from issuance of common stock/at-the-market offering | 48,311,327 | 10,177,238 | 51,435,447 | 41,621,510 | 38,652,407 | 6,636,661 | ||||||||||||||||
depreciation of property and equipment | 8,383,055 | 8,346,633 | 6,845,949 | 3,431,960 | 3,623,573 | 3,725,152 | 3,646,048 | 9,395,805 | 9,312,176 | 5,322,120 | 3,799,629 | 3,318,261 | 3,796,672 | 2,348,657 | 3,650,374 | 2,083,003 | 1,171,151 | |||||
loss from disposal of property and equipment | 108,409 | 0 | ||||||||||||||||||||
realized gains on exchange of digital assets | ||||||||||||||||||||||
share based compensation expenses | 4,995,018 | 423,735 | 492,599 | 506,934 | 106,841 | |||||||||||||||||
operating lease liability | 6,023,584 | -472,043 | -460,954 | |||||||||||||||||||
purchases of and deposits made for property and equipment | -1,608,417 | -5,085,853 | -474,409 | -58,363,799 | -1,142,886 | |||||||||||||||||
net proceeds from issuance of ordinary shares in connection with private placements with an institutional investor | 14,325,000 | |||||||||||||||||||||
loan made to a third party | -400,000 | |||||||||||||||||||||
adjustments to reconcile net (loss) to net cash from operating activities: | ||||||||||||||||||||||
impairment of property and equipment | ||||||||||||||||||||||
liquidated damage expenses | ||||||||||||||||||||||
loss on write-off of deposit to hosting facility | ||||||||||||||||||||||
gain from divestiture of a subsidiary | 0 | 0 | 0 | -52,383 | ||||||||||||||||||
deferred tax (benefits) expenses | 4 | -3 | 849,944 | -1,254,235 | ||||||||||||||||||
proceeds from sales of property and equipment | 0 | 123,015 | ||||||||||||||||||||
loss of cash in connection with divestiture of a subsidiary | 0 | 0 | 0 | -59,695 | ||||||||||||||||||
proceeds from issuance of ordinary shares under direct offering, net of issuance costs | ||||||||||||||||||||||
proceeds from issuance of convertible notes, net of issuance costs | 0 | 0 | 0 | 1,280,000 | ||||||||||||||||||
payment of liquidated damages related to private placement transactions | 0 | 0 | 0 | -2,219,355 | ||||||||||||||||||
withholding of common shares to pay employee withholding taxes | ||||||||||||||||||||||
repayment of borrowings to related parties | 0 | 0 | ||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of year | ||||||||||||||||||||||
cash, cash equivalents and restricted cash, end of year | ||||||||||||||||||||||
cash paid for interest expense | ||||||||||||||||||||||
cash paid for income tax, net of | ||||||||||||||||||||||
collection of usdc from private placement | 0 | 0 | 0 | 1,179,368 | ||||||||||||||||||
proceeds from sales of miners in usdt | 0 | |||||||||||||||||||||
investment in an investment security in usdc | 0 | 0 | 0 | -1,000,000 | ||||||||||||||||||
purchases of property and equipment in usdt | 0 | -3,600,000 | -4,016,119 | -13,487,791 | ||||||||||||||||||
issuance of ordinary shares in exchange of property and equipment | ||||||||||||||||||||||
payment of deposits on equipment in btc | 0 | -3,898,080 | ||||||||||||||||||||
repayment of usdc to a related party | 0 | 0 | 0 | -329,722 | ||||||||||||||||||
collection of usdc from sales of property and equipment | 0 | 0 | 500,000 | 212,800 | ||||||||||||||||||
investment in digital asset held within fund | ||||||||||||||||||||||
deferred tax benefits | ||||||||||||||||||||||
income tax recoverable | ||||||||||||||||||||||
cash paid for income tax | -81,875 | 50 | 0 | 730,650 | 3,500 | 0 | 0 | |||||||||||||||
purchases of property and equipment by issuance of ordinary shares | 9 | |||||||||||||||||||||
receipt of property and equipment which were prepaid | 4,127,461 | |||||||||||||||||||||
gain from disposal of property and equipment | -60,701 | -1,280,328 | -174,568 | |||||||||||||||||||
income tax recoverable/payable | -37,303 | 80,888 | -650,341 | 85,264 | ||||||||||||||||||
payable for purchases of property and equipment | ||||||||||||||||||||||
receivable due from a third party for sales of investment security | -850,000 | 1,706,665 | ||||||||||||||||||||
equity income from one equity method investment | -439 | |||||||||||||||||||||
deposits for property and equipment | -14,825 | -11,052,500 | ||||||||||||||||||||
less: net loss from discontinued operations | 0 | 100,185 | ||||||||||||||||||||
net income from continuing operations | -9,434,088 | -20,148,834 | -1,339,400 | 35,786,324 | ||||||||||||||||||
share based compensation expenses in connection with restricted stock units and share options | ||||||||||||||||||||||
share based compensation expenses in connection with issuance of ordinary shares | ||||||||||||||||||||||
loss from acquisition of a subsidiary | 0 | 0 | ||||||||||||||||||||
provision of doubtful accounts | ||||||||||||||||||||||
purchases of property and equipment | -47,685 | 24,773 | -5,671,270 | -108,462 | 0 | -686,538 | 14,291,447 | -7,552,177 | ||||||||||||||
acquisition of cash in connection with acquisition of a subsidiary | 0 | 0 | ||||||||||||||||||||
investment in an equity security | 0 | |||||||||||||||||||||
proceeds from borrowings from related parties | -128,530 | -640,604 | ||||||||||||||||||||
less: cash, cash equivalents and restricted cash from discontinued operations, end of year | ||||||||||||||||||||||
cash, cash equivalents and restricted cash from continuing operations, end of year | ||||||||||||||||||||||
collection of usdc from a related party | ||||||||||||||||||||||
share based compensation expenses in connection with issuance of restricted stock units and share options | ||||||||||||||||||||||
liquidation damage expenses | 0 | 0 | 619,355 | |||||||||||||||||||
proceeds from sales of digital assets | 0 | 12,249,500 | 7,003,000 | 2,367,340 | ||||||||||||||||||
purchases of digital assets | 0 | |||||||||||||||||||||
effect of exchange rate changes on cash and cash equivalents | ||||||||||||||||||||||
refund of deposits on equipment in usdt | ||||||||||||||||||||||
share based compensation expenses in connection with issuance of restricted share units and share options | ||||||||||||||||||||||
digital assets | -6,815,013 | -8,573,730 | -15,037,417 | |||||||||||||||||||
accounts payables | -723,095 | 1,420,280 | ||||||||||||||||||||
proceeds from issuance of ordinary shares under private placements, net of issuance costs | ||||||||||||||||||||||
proceeds from issuance of ordinary shares under direct offering | 1,019,600 | 4,685,400 | ||||||||||||||||||||
receivable due from three third parties for sales of miners | ||||||||||||||||||||||
share based compensation expenses in connection with issuance of restricted shares and share options | 463,900 | |||||||||||||||||||||
other noncurrent assets | -590,652 | 1,305,916 | ||||||||||||||||||||
adjustments to reconcile net income from continuing operations to net cash from operating activities: | ||||||||||||||||||||||
share based compensation expenses in connection with issuance of restricted shares | 3,884,703 | |||||||||||||||||||||
share based compensation expenses in connection with issuance of common shares | ||||||||||||||||||||||
deferred tax expenses | -299,633 | 656,240 | 17,461 | 30,223 | ||||||||||||||||||
net cash from operating activities from continuing activities | ||||||||||||||||||||||
net cash from operating activities from discontinued activities | ||||||||||||||||||||||
net cash from investing activities from continuing operations | 8,804,407 | |||||||||||||||||||||
net cash from investing activities from discontinued operations | ||||||||||||||||||||||
proceeds from issuance of ordinary share under private placement transactions, net of issuance cost | ||||||||||||||||||||||
proceeds from issuance of common stock under private placement transaction | -14,552,000 | 17,200,000 | ||||||||||||||||||||
net increase in cash | -1,792,970 | |||||||||||||||||||||
cash at beginning of period | 0 | |||||||||||||||||||||
cash at end of period | -1,792,970 | |||||||||||||||||||||
impairment of cryptocurrencies | ||||||||||||||||||||||
share based compensation expenses with management | ||||||||||||||||||||||
share based compensation expenses with non-employees | ||||||||||||||||||||||
cryptocurrencies | -24,884,836 | -53,646,868 | -13,263,126 | -7,881,354 | ||||||||||||||||||
proceeds from sales of cryptocurrencies | 1,772,500 | 1,766,950 | -5,487,040 | 7,382,806 | ||||||||||||||||||
advances of share subscription fees from shareholders under private placement transaction | ||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of period | 405,133 | 0 | ||||||||||||||||||||
cash, cash equivalents and restricted cash at end of period | 227,566 | -1,389,578 | ||||||||||||||||||||
reconciliation of cash, cash equivalents and restricted cash | ||||||||||||||||||||||
cash and cash equivalents | 227,566 | |||||||||||||||||||||
restricted cash | ||||||||||||||||||||||
cash, cash equivalents and restricted cash | 227,566 | |||||||||||||||||||||
adjustments to reconcile net loss to net cash used in operating activities: | ||||||||||||||||||||||
amortization of stock compensation expenses for services | 0 | |||||||||||||||||||||
usdc | ||||||||||||||||||||||
net cash from operating activities from continuing operations | 5,159,608 | -7,615,885 | ||||||||||||||||||||
net cash from operating activities from discontinued operations | ||||||||||||||||||||||
net cash used in operating activities | ||||||||||||||||||||||
capital contribution to affiliated entity | ||||||||||||||||||||||
net cash used in investing activities | ||||||||||||||||||||||
proceeds from issuance of ordinary shares through initial public offerings | ||||||||||||||||||||||
net cash provided by financing activities | ||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of year | ||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of year | ||||||||||||||||||||||
less: cash and cash equivalent from discontinued operations | ||||||||||||||||||||||
issuance of ordinary shares in exchange of bitcoin miners | ||||||||||||||||||||||
issuance of ordinary shares to consultants and service providers | ||||||||||||||||||||||
prepaid initial public offerings costs offset against initial public offerings proceeds | ||||||||||||||||||||||
collection of usdc from loans from a related party | ||||||||||||||||||||||
net loss from continuing operations | -355,761 | |||||||||||||||||||||
net cash from (provided by) operating activities | ||||||||||||||||||||||
net cash fromvesting activities from discontinued operations | ||||||||||||||||||||||
revenue from cryptocurrency mining | ||||||||||||||||||||||
cost and operating expenses | ||||||||||||||||||||||
cost of revenues | ||||||||||||||||||||||
general and administrative expenses | ||||||||||||||||||||||
total operating expenses | ||||||||||||||||||||||
loss from operations | ||||||||||||||||||||||
realized gain on exchange of cryptocurrencies | ||||||||||||||||||||||
interest income | ||||||||||||||||||||||
other expenses | ||||||||||||||||||||||
net loss from continuing operations before income taxes | ||||||||||||||||||||||
income tax expenses | ||||||||||||||||||||||
net loss from discontinued operations | ||||||||||||||||||||||
net loss attributable to noncontrolling interests | ||||||||||||||||||||||
net loss attributable to bit digital, inc.’s shareholders | ||||||||||||||||||||||
other comprehensive income | ||||||||||||||||||||||
foreign currency translation adjustment | ||||||||||||||||||||||
comprehensive loss | ||||||||||||||||||||||
total comprehensive loss attributable to noncontrolling interests | ||||||||||||||||||||||
total comprehensive loss attributable to bt digital inc.’s shareholders | ||||||||||||||||||||||
weighted-average number of ordinary share outstanding | ||||||||||||||||||||||
basic and diluted | ||||||||||||||||||||||
loss per share | ||||||||||||||||||||||
depreciation and amortization | ||||||||||||||||||||||
loss on disposal of equipment | ||||||||||||||||||||||
change in operating assets and liabilities | ||||||||||||||||||||||
other receivables | ||||||||||||||||||||||
prepaid costs and expenses | ||||||||||||||||||||||
security deposits | ||||||||||||||||||||||
deferred revenues | ||||||||||||||||||||||
deferred rent liabilities | ||||||||||||||||||||||
increase in long term other payable | ||||||||||||||||||||||
taxes payable | ||||||||||||||||||||||
deposits for rental vehicles | ||||||||||||||||||||||
cash acquired through variable interest entity | ||||||||||||||||||||||
prepaid initial public offerings costs | ||||||||||||||||||||||
effect of exchange rate on cash | ||||||||||||||||||||||
increase in cash and cash equivalents | ||||||||||||||||||||||
cash and cash equivalents, and restricted cash, beginning of year | ||||||||||||||||||||||
cash and cash equivalents, and restricted cash, end of year | ||||||||||||||||||||||
supplemental cash flow information: | ||||||||||||||||||||||
capital contribution on shares subscription receivables | ||||||||||||||||||||||
noncontrolling interests acquired and contributed by shareholders | ||||||||||||||||||||||
turnover | ||||||||||||||||||||||
cost of sales | ||||||||||||||||||||||
gross profit | ||||||||||||||||||||||
other revenue | ||||||||||||||||||||||
other net income | ||||||||||||||||||||||
research and development | ||||||||||||||||||||||
selling expenses | ||||||||||||||||||||||
administrative expenses | ||||||||||||||||||||||
finance costs | ||||||||||||||||||||||
loss before taxation | ||||||||||||||||||||||
income tax | ||||||||||||||||||||||
less: comprehensive loss attributable to non-controlling interest | ||||||||||||||||||||||
comprehensive loss attributable to golden bull limited | ||||||||||||||||||||||
number of shares | ||||||||||||||||||||||
deferred tax benefit | ||||||||||||||||||||||
prepaid expenses | ||||||||||||||||||||||
proceeds from issuance of ordinary shares through ipo | ||||||||||||||||||||||
increase in cash | ||||||||||||||||||||||
cash and cash equivalents, and restricted cash, beginning of period | ||||||||||||||||||||||
cash and cash equivalents, and restricted cash, end of period | ||||||||||||||||||||||
non-cash transaction of investing and financing activities | ||||||||||||||||||||||
variable interest entity acquired and contributed by shareholders | ||||||||||||||||||||||
issuance of ordinary shares to service providers | ||||||||||||||||||||||
prepaid ipo costs to be net against ipo proceeds | ||||||||||||||||||||||
impairment loss/write-downs on non-investments | ||||||||||||||||||||||
effect of exchange rate on cash, cash equivalent and restricted cash | ||||||||||||||||||||||
decrease in cash, cash equivalent and restricted cash | ||||||||||||||||||||||
cash, cash equivalent and restricted cash, beginning of year | ||||||||||||||||||||||
cash, cash equivalent and restricted cash, end of year | ||||||||||||||||||||||
operating revenues | ||||||||||||||||||||||
transaction fees | ||||||||||||||||||||||
management fees | ||||||||||||||||||||||
sales taxes | ||||||||||||||||||||||
total operating revenues | ||||||||||||||||||||||
operating expenses | ||||||||||||||||||||||
selling | ||||||||||||||||||||||
general and administrative | ||||||||||||||||||||||
other income | ||||||||||||||||||||||
other finance expenses | ||||||||||||||||||||||
total other income | ||||||||||||||||||||||
loss before income taxes | ||||||||||||||||||||||
provision (benefit) for income tax | ||||||||||||||||||||||
current | ||||||||||||||||||||||
deferred | ||||||||||||||||||||||
total provision for income tax | ||||||||||||||||||||||
less: net income attributable to noncontrolling interest | ||||||||||||||||||||||
net loss attributable to golden bull limited | ||||||||||||||||||||||
less: comprehensive loss attributable to noncontrolling interest | ||||||||||||||||||||||
weighted-average number of ordinary shares | ||||||||||||||||||||||
basic and diluted* | ||||||||||||||||||||||
earnings per share | ||||||||||||||||||||||
deferred tax provision | ||||||||||||||||||||||
prepaid ipo costs | ||||||||||||||||||||||
capital contribution | ||||||||||||||||||||||
cash, beginning of year | ||||||||||||||||||||||
cash, end of year | ||||||||||||||||||||||
cash paid for interest | ||||||||||||||||||||||
issuance of ordinary shares to service providers for ipo services | ||||||||||||||||||||||
issuance of ordinary shares to service providers for consulting services |