Bit Digital, Inc BTBT
"Company" or "We"), is a holding company incorporated on February 17, 2017, under the laws of the Cayman
Islands. The Company is a strategic asset company focused on active participation in Ethereum (ETH)-native treasury, staking strategies.
Through our majority equity stake in WhiteFiber Inc. (Nasdaq: WYFI), the Company also engages in high performance computing ("HPC")
business, including cloud services and HPC data center services.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- Iceland
- United States
- Canada
- Singapore
- Other
| Region | FY2025 | FY2024 |
|---|---|---|
| Iceland | $69.2M | $46.2M |
| United States | $27.3M | $58.6M |
| Canada | $8.9M | $1.4M |
| Singapore | $7.0M | $1.8M |
| Other | $1.1M | $87.6K |
As the company reported it, from the “Segment Reporting - Schedule of Geographic Information for Long-Lived Assets (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $113.6M | $108.1M | $44.9M | $32.3M | $96.1M | $21.1M | $2.4M | $4.4M | $4.0M | $2.3M |
| Cost of revenue | — | — | $29.6M | $20.4M | $30.7M | $14.1M | — | — | — | — |
| Gross profit | — | — | $15.4M | $11.9M | $65.3M | $7.0M | — | — | — | — |
| R&D | — | — | — | — | — | — | $137.4K | $447.9K | $485.9K | $417.9K |
| SG&A | $81.0M | $41.5M | $27.7M | $23.0M | $39.2M | $2.5M | $2.0M | $1.9M | $3.9M | $1.6M |
| Total operating expenses | $205.4M | $80.5M | $61.5M | $139.5M | $83.0M | $19.9M | $2.0M | $1.9M | $8.3M | $3.5M |
| Operating income | -$91.8M | $27.6M | -$16.6M | -$107.2M | $5.9M | $1.6M | -$2.0M | -$1.9M | -$1.4M | $216.9K |
| Interest expense | $3.1M | — | — | — | — | — | — | — | — | — |
| Pre-tax income | -$86.9M | $32.3M | -$13.6M | -$105.9M | $2.8M | $1.6M | -$2.0M | -$1.9M | -$1.3M | $219.7K |
| Income tax | $2.0M | $4.0M | $279.0K | $592.9K | $3.9M | — | $806.8K | $461.2K | $271.5K | $54.9K |
| Net income | -$80.3M | $28.3M | -$13.9M | -$105.3M | -$1.0M | -$2.3M | -$9.7M | -$3.5M | -$942.4K | $160.9K |
| EPS, basic | -0.31 | 0.20 | -0.16 | -1.34 | -0.02 | -0.07 | -0.62 | — | — | — |
| EPS, diluted | -0.31 | 0.19 | -0.16 | -1.34 | -0.02 | -0.07 | -0.62 | -0.24 | -0.14 | 6.19 |
| Shares, diluted (wtd. avg.) | 257.9M | 141.5M | 87.5M | 78.6M | 55.4M | 30.6M | 15.2M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $118.4M | $95.2M | $18.2M | $34.0M | $42.4M | $405.1K | $16.0K | $2.9M | $5.5M | $7.4M |
| Receivables | $23.9M | $5.3M | — | — | — | — | — | — | — | — |
| Total current assets | $593.7M | $296.9M | $83.3M | $64.4M | $90.3M | $8.7M | $560.3K | $5.7M | $10.1M | $7.9M |
| Property, plant and equipment | $360.2M | $107.3M | $81.5M | $22.6M | $32.5M | $29.8M | — | $723.8K | $83.5K | $86.7K |
| Goodwill | $20.1M | $19.4M | — | — | — | — | — | — | — | — |
| Other intangibles | $12.8M | $13.0M | — | — | — | — | — | — | — | — |
| Total assets | $1.17B | $538.2M | $189.3M | $100.4M | $173.7M | $39.9M | $4.5M | $12.5M | $12.9M | $9.1M |
| Accounts payable | $8.9M | $3.4M | $2.3M | $3.6M | — | — | — | — | — | — |
| Total current liabilities | $92.9M | $55.0M | $27.1M | $7.4M | $5.0M | $1.9M | $429.6K | $403.2K | $469.2K | $282.3K |
| Long-term debt | — | — | — | $3.0M | $2.8M | — | — | — | — | — |
| Total liabilities | $309.2M | $74.8M | $36.6M | $10.5M | $8.3M | $1.9M | $429.6K | $403.2K | $469.2K | $282.3K |
| Retained earnings | -$178.5M | -$98.2M | -$146.9M | -$131.4M | -$26.1M | -$15.7M | -$13.8M | -$4.3M | -$893.9K | $48.4K |
| Total equity | $724.0M | $463.5M | $152.7M | $89.9M | $165.4M | $37.6M | $4.1M | $12.1M | $12.4M | $8.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$288.9M | -$13.0M | $1.1M | -$8.5M | -$17.4M | -$971.7K | -$1.3M | -$5.1M | -$1.9M | -$1.1M |
| Depreciation and amortisation | $36.8M | $32.3M | $14.4M | $27.8M | $14.4M | $3.3M | $30.2K | $82.9K | $57.6K | $39.0K |
| Stock-based compensation | $24.6M | $9.9M | $9.1M | $2.3M | $21.9M | — | — | — | — | — |
| Capital expenditure | $285.9M | $94.0M | $66.7M | $19.3M | $46.8M | $4.5M | — | $753.1K | $49.1K | $108.8K |
| Investing cash flow | -$287.4M | -$149.0M | -$69.2M | -$18.6M | -$46.8M | -$4.5M | -$916.2K | -$3.3M | -$31.2K | -$108.8K |
| Financing cash flow | $599.1M | $242.9M | $52.2M | $18.7M | $106.2M | $5.3M | — | $5.9M | -$389.6K | $8.0M |
| Dividends paid | $800.0K | — | $1.6M | — | — | — | — | — | — | — |
| Buybacks | — | — | — | $76.8K | $1.1M | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-069284.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.3M | $4.0M | $4.4M | $2.4M | $21.1M | $96.1M | $32.3M | $44.9M | $108.1M | $113.6M |
| Gross profit | — | — | — | — | $7.0M | $65.3M | $11.9M | $15.4M | — | — |
| Net income | $160.9K | -$942.4K | -$3.5M | -$9.7M | -$2.3M | -$1.0M | -$105.3M | -$13.9M | $28.3M | -$80.3M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6199
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| AXP | AMERICAN EXPRESS CO | $211.52B | 20.4x | 6.4% |
| MSTR | Strategy Inc | $51.47B | — | 3.0% |
| COIN | Coinbase Global, Inc. | $43.32B | 37.0x | 9.4% |
| SYF | Synchrony Financial | $23.96B | 7.9x | — |
| CRCL | Circle Internet Group, Inc. | $21.32B | — | 624.0% |
| SOFI | SoFi Technologies, Inc. | $18.88B | 37.5x | 23.1% |
| BMNR | BITMINE IMMERSION TECHNOLOGIES, INC. | $13.51B | 1.7x | 84.1% |
| CHYM | Chime Financial, Inc. | $11.23B | — | 30.7% |