Bit Digital, Inc (BTBT)
Bit Digital, Inc., along with its subsidiary entities, primarily focuses on the business of mining bitcoin. Additionally, the firm undertakes treasury management operations. The company was established in 2017 and was previously known as Golden Bull Limited before rebranding to Bit Digital, Inc. in September 2020. Its corporate headquarters are situated in New York, New York.
Sector: Finance Services
Industry: Financial - Capital Markets
Bit Digital, Inc.
NASDAQ:BTBTFinancial Services · Financial - Capital Markets
-0.70%$0.8389
AH Close$0.8428+0.46%vs close
AH Close$0.8428+0.46%vs close
Mkt Cap$303.56M
Float354.74M
O/S361.85M
Inst Own50.0%
SI16.5%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$113.56M
Net Income-$80.32M
Total Assets$1.17B
Free Cash Flow-$574.85M
Debt & Equity
Debt 15%
Equity 83%
Preferred 1%
Total Debt$134.17M
Total Equity$723.99M
Preferred Stock$9.05M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in BTBT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.17B
Liabilities$309.16M
Accounts Receivable$33.99M
Accounts Payable$8.87M
Inventory$0
PP&E (Net)$437.74M
Goodwill$20.15M
Intangible Assets$12.82M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Revenue | $113.56M | $163.76M | $44.92M | $32.3M | $96.08M | $21.07M | $0 | $7.89M | $6.95M | $3.71M | $0 |
| YoY Growth | -30.7% | 264.6% | 39.1% | -66.4% | 356.1% | - | - | 13.4% | 87.7% | - | - |
| Cost of Revenue | $89.21M | $62.38M | $29.56M | $20.37M | $30.74M | $14.1M | $0 | $0 | $392K | $0 | $0 |
| Gross Profit | $24.35M | $101.38M | $15.36M | $11.92M | $65.34M | $6.96M | $0 | $0 | $6.56M | $3.71M | $0 |
| Gross Margin | 21.4% | 61.9% | 34.2% | 36.9% | 68.0% | 33.0% | - | - | 94.4% | 100.0% | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $137K | $448K | $486K | $418K | $30K |
| Selling, General, and Administrative | $80.96M | $41.51M | $27.67M | $22.98M | $39.15M | $2.52M | $1.99M | $1.89M | $7.83M | $3.07M | $112K |
| Other | $0 | $32.31M | $4.31M | $96.1M | $20.29M | $2.89M | -$137K | -$448K | -$392K | $0 | $0 |
| Total Operating Expenses | $80.96M | $73.82M | $31.98M | $119.09M | $59.45M | $5.4M | $1.99M | $1.89M | $8.31M | $3.49M | $142K |
| Operating Income (EBIT) | -$56.61M | $27.56M | -$16.62M | -$107.17M | $5.89M | $1.56M | -$1.99M | -$1.89M | -$1.36M | $217K | -$142K |
| Operating Margin | -49.8% | 16.8% | -37.0% | -331.8% | 6.1% | 7.4% | - | -24.0% | -19.5% | 5.9% | - |
| Interest Expense | $3.09M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2K | $0 | $0 |
| Interest Income | $1.5M | $550K | $0 | $0 | $0 | $41 | $0 | $0 | $17K | $3K | $12 |
| Other Income (Expense) | -$30.33M | $4.72M | $3M | $1.28M | -$3.04M | -$2K | $0 | $187K | $91K | $3K | $12 |
| Income Before Tax (EBT) | -$86.94M | $32.28M | -$13.61M | -$105.89M | $2.85M | $1.56M | -$1.99M | -$1.89M | -$1.27M | $220K | -$142K |
| Income Tax Expense | -$2.01M | $3.98M | $279K | -$593K | $3.86M | $0 | $0 | -$461K | -$272K | $55K | -$35K |
| Net Income | -$80.32M | $28.31M | -$13.89M | -$105.3M | -$1.01M | -$2.28M | -$9.68M | -$3.54M | -$942K | $161K | -$106K |
| Net Income Margin | -70.7% | 17.3% | -30.9% | -326.0% | -1.1% | -10.8% | - | -44.8% | -13.5% | 4.3% | - |
| Supplementary Data | |||||||||||
| EPS | -0.31 | 0.20 | -0.16 | -1.34 | -0.02 | -0.06 | -0.62 | -0.24 | -0.07 | 0.01 | -0.01 |
| Diluted EPS | -0.31 | 0.20 | -0.16 | -1.34 | -0.02 | -0.06 | -0.62 | -0.24 | -0.07 | 0.01 | -0.01 |
| Weighted Average OS | 2.58B | 140.35M | 87.53M | 78.61M | 55.44M | 30.59M | 15.20M | 14.39M | 14.55M | 14.55M | 14.55M |
| EBITDA | -$19.79M | $59.87M | -$12.31M | -$11.06M | $26.18M | $4.45M | -$1.99M | -$1.81M | -$1.21M | $256K | $1.56M |
| EBITDA Margin | -17.4% | 36.6% | -27.4% | -34.3% | 27.3% | 21.1% | - | -22.9% | -17.4% | 6.9% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Assets | |||||||||||
| Current Assets | |||||||||||
| Cash and Cash Equivalents | $122.21M | $95.2M | $18.18M | $32.69M | $42.4M | $405K | $16K | $2.33M | $5.46M | $7.38M | $675K |
| Short-Term Investments | $415.73M | $2.96M | $46.57M | $626K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $537.95M | $98.16M | $64.75M | $33.32M | $42.4M | $405K | $16K | $2.33M | $5.46M | $7.38M | $675K |
| Accounts Receivable | $33.99M | $27.1M | $13.86M | $736K | $0 | $0 | $0 | $142K | $258K | $40K | $3K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $9.02M | $166.3M | $2.21M | $29.23M | $54.16M | $8.31M | $544K | $0 | $0 | $0 | $0 |
| Total Current Assets | $591.56M | $296.86M | $82.3M | $64.4M | $96.56M | $8.72M | $560K | $5.66M | $10.06M | $7.91M | $765K |
| Long-Term Assets | |||||||||||
| Property, Plant & Equipment Net | $437.74M | $161.33M | $91.92M | $23.15M | $75.58M | $29.85M | $110K | $724K | $84K | $87K | $21K |
| Goodwill | $20.15M | $19.38M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $12.82M | $13.03M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $78.81M | $37.58M | $4.77M | $1.79M | $1M | $0 | $0 | $645K | $0 | $45K | $100 |
| Deferred Tax Assets | $2.58M | $89K | $0 | $0 | $58K | $0 | $0 | $811K | $302K | $9K | $35K |
| Other Long-Term Assets | $30.77M | $9.98M | $10.33M | $11.09M | $6.71M | $1.32M | $3.85M | $5.28M | $2.47M | $1.1M | $58K |
| Total Long-Term Assets | $582.86M | $241.39M | $107.02M | $36.03M | $83.36M | $31.17M | $3.96M | $6.82M | $2.86M | $1.19M | $115K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.17B | $538.25M | $189.33M | $100.42M | $179.92M | $39.89M | $4.52M | $12.48M | $12.91M | $9.1M | $880K |
| Liabilities | |||||||||||
| Current Liabilities | |||||||||||
| Accounts Payable | $8.87M | $3.42M | $2.32M | $3.63M | $2.61M | $1.37M | $0 | $0 | $0 | $174K | $14K |
| Short-Term Debt | $18.46M | $0 | $1.86M | $0 | $0 | $337K | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $1.55B | $1.6M | $51K | $3.04M | $560K | $0 | $0 | $48K | $36K | $82K | $0 |
| Current Unearned Revenue | $8M | $30.7M | $13.07M | $0 | $0 | $0 | $0 | $0 | $0 | $13K | $0 |
| Other Current Liabilities | $56.07M | $0 | $9.78M | $0 | $1.88M | $192K | $44K | $0 | $0 | $13K | $47K |
| Total Current Liabilities | $92.95M | $55.03M | $27.08M | $7.44M | $5.04M | $1.89M | $430K | $403K | $469K | $282K | $61K |
| Long-Term Liabilities | |||||||||||
| Long-Term Debt | $110.29M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $71.55M | $73K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $6.49M | $6.41M | $112K | $0 | $462K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $22.46M | $3.98M | $5.08M | $3.04M | $2.77M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $216.21M | $19.74M | $9.54M | $3.04M | $3.23M | $0 | $0 | $0 | $0 | $187K | $14K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$187K | -$14K |
| Total Liabilities | $309.16M | $74.77M | $36.62M | $10.49M | $8.27M | $1.89M | $430K | $403K | $469K | $282K | $61K |
| Stockholders' Equity | |||||||||||
| Preferred Stock | $9.05M | $9.05M | $9.05M | $9.05M | $9.05M | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $3.24M | $1.79M | $1.07M | $825K | $696K | $480K | $154K | $149K | $130K | $260 | $260 |
| Retained Earnings | -$178.53M | -$98.21M | -$146.91M | -$131.42M | -$19.88M | -$15.7M | -$13.79M | -$4.32M | -$894K | $48K | -$106K |
| Comprehensive Income & Other | $1.33M | -$1.57M | $0 | -$0 | $0 | $0 | -$94K | -$28K | $337K | -$190K | -$12K |
| Other Stockholders' Equity | $899.28M | $559.9M | $298.54M | $220.52M | $190.82M | $53.22M | $17.47M | $15.78M | $12.6M | $7.81M | $925K |
| Total Equity | $723.99M | $463.48M | $152.7M | $89.93M | $171.64M | $38M | $3.83M | $11.61M | $11.84M | $7.86M | $819K |
| Minority Interest | $141.27M | $0 | $0 | $0 | $0 | $0 | $252K | $467K | $605K | $960K | $0 |
| Total Liabilities and Equity | $1.03B | $538.25M | $189.33M | $100.42M | $179.92M | $39.89M | $4.26M | $12.01M | $12.31M | $8.14M | $880K |
| Supplementary Data | |||||||||||
| Total Debt | $134.17M | $13.81M | $6.22M | $0 | $0 | $337K | $0 | $0 | $0 | $0 | $0 |
| Net Debt | $11.95M | -$81.4M | -$11.96M | -$32.69M | -$42.4M | -$68K | -$16K | -$2.33M | -$5.46M | -$7.38M | -$675K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Operating Activities | |||||||||||
| Net Income | -$84.93M | $28.31M | -$13.89M | -$105.3M | $4.86M | $1.92M | -$1.99M | -$3.54M | -$997K | $165K | -$106K |
| Depreciation & Amortization | $36.82M | $32.31M | $14.43M | $27.83M | $13.11M | $3.32M | $0 | $83K | $58K | $39K | $1.7M |
| Deferred Income Tax | $0 | $0 | $0 | -$404K | $404K | -$456K | $0 | -$546K | -$282K | $25K | -$35K |
| Stock-Based Compensation | $24.58M | $9.88M | $9.12M | $2.26M | $21.91M | $456K | $1.76M | $759K | $488K | $0 | $0 |
| Changes in Working Capital: | |||||||||||
| Accounts Receivable | -$18.75M | -$4.67M | $736K | $0 | -$104.12M | $409K | -$895K | $47K | -$208K | -$38K | -$3K |
| Inventory | $0 | $0 | $0 | $0 | $104.12M | -$409K | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $6.74M | $3.5M | $693K | $3.16M | $21.55M | $14.28M | $0 | $2K | $0 | -$14K | $34K |
| Other Working Capital | -$251.68M | $34.01M | $46.81M | $29.25M | -$97.89M | -$23.41M | $986K | -$1.86M | -$968K | -$1.27M | -$119K |
| Total Working Capital Change | -$263.69M | $32.84M | $48.24M | $32.42M | -$76.34M | -$9.13M | $91K | -$1.81M | -$1.18M | -$1.32M | -$89K |
| Other Non-Cash Items | -$1.7M | -$116.33M | -$56.79M | $34.7M | $12.79M | $458K | -$1.21M | $764K | $144 | $0 | -$1.7M |
| Net Cash from Operating | -$288.92M | -$12.99M | $1.11M | -$8.5M | -$23.26M | -$3.42M | -$1.35M | -$5.05M | -$1.91M | -$1.09M | -$230K |
| Investing Activities | |||||||||||
| Capital Expenditures | -$285.93M | -$94M | -$66.66M | -$19.33M | -$46.84M | -$4.51M | -$110K | -$3.33M | -$49K | -$109K | -$22K |
| Acquisitions | -$1.59M | -$38.79M | $0 | -$60K | $0 | $11K | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$2M | $0 | -$2.19M | -$2M | $0 | -$2.46M | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $90K | $1.71M | $0 | $2.45M | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $2.11M | -$16.23M | -$400K | $1.08M | $5.91M | $2.46M | -$806K | -$2.58M | $18K | $0 | $0 |
| Net Cash from Investing | -$287.42M | -$149.02M | -$69.16M | -$18.61M | -$40.93M | -$2.05M | -$916K | -$3.33M | -$31K | -$109K | -$22K |
| Financing Activities | |||||||||||
| Debt Repaid | -$143.62M | - | - | - | -$1.27M | -$7K | - | - | - | - | - |
| Common Stock Issuance | $456.26M | $242.86M | $53.82M | $21.01M | $109.21M | $5.25M | $0 | $5.94M | $0 | $0 | $937K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$800K | -$800K | -$1.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $800K | $3K | -$2.3M | -$4.29M | $0 | $0 | $0 | -$390K | $8.04M | $937K |
| Net Cash from Financing | $599.08M | $242.86M | $52.22M | $18.71M | $106.19M | $5.25M | $0 | $5.94M | -$390K | $8.04M | $937K |
| Forex Effect | $540K | -$95K | $0 | $0 | $0 | $0 | -$40K | -$83K | $407K | -$139K | -$122K |
| Net Change in Cash | $23.28M | $80.75M | -$15.83M | -$8.39M | $41.99M | -$211K | -$2.3M | -$2.52M | -$1.92M | $6.7M | $563K |
| Supplementary Data | |||||||||||
| Operating Cash Flow | -$288.92M | -$12.99M | $1.11M | -$8.5M | -$23.26M | -$3.42M | -$1.35M | -$5.05M | -$1.91M | -$1.09M | -$230K |
| Capital Expenditure | -$285.93M | -$94M | -$66.66M | -$19.33M | -$46.84M | -$4.51M | -$110K | -$3.33M | -$49K | -$109K | -$22K |
| Free Cash Flow | -$574.85M | -$106.99M | -$65.55M | -$27.83M | -$70.1M | -$7.92M | -$1.46M | -$8.38M | -$1.96M | -$1.2M | -$252K |
| Cash at Beginning | $98.93M | $18.18M | $34.01M | $42.4M | $405K | $631K | $2.93M | $5.46M | $7.38M | $675K | $112K |
| Cash at End | $122.21M | $98.93M | $18.18M | $34.01M | $42.4M | $420K | $631K | $2.93M | $5.46M | $7.38M | $675K |