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.
Last close
1.64
2026-09-04
Market cap
$591.4M
2026-06-30 share count
52-week range
1.18 - 4.55
Valuation FY2025 figures against the last close
P/S5.2x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield0.1%
Diluted EPS-0.31
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.
Others in SIC 6199
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| SOFI | SoFi Technologies, Inc. | $23.53B | 46.7x | 23.1% |
| IREN | IREN Ltd | $15.97B | — | 41.1% |
| BMNR | BITMINE IMMERSION TECHNOLOGIES, INC. | $15.06B | 1.9x | 84.1% |