Bit Digital, Inc balance sheet
At the end of fiscal 2025, Bit Digital, Inc had total assets of $1.17bn, total liabilities of $309m and shareholders' equity of $724m. It held $118m in cash against $110m of debt: net cash of $8.1m.
Balance sheet
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 7 | 5 | 2 | 0 | 0 | 42 | 33 | 17 | 95 | 118 | 84 |
| Receivables | — | — | — | — | — | — | — | 14 | 5 | 24 | 23 |
| Total current assets | 8 | 10 | 6 | 1 | 9 | 90 | 64 | 83 | 297 | 178 | 245 |
| Goodwill | — | — | — | — | — | — | — | — | 19 | 20 | 19 |
| Total assets | 9 | 13 | 12 | 5 | 40 | 174 | 100 | 189 | 538 | 1,174 | 1,236 |
| Accounts payable | — | — | — | — | — | — | 4 | 2 | 3 | 9 | 14 |
| Deferred revenue (current) | 0 | — | — | — | — | — | — | 13 | 31 | 8 | 18 |
| Total current liabilities | 0 | 0 | 0 | 0 | 2 | 5 | 7 | 27 | 55 | 93 | 163 |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | 78 |
| Long-term debt | — | — | — | — | — | 3 | 3 | — | — | 110 | 25 |
| Total debt | 0 | 0 | 0 | 0 | 0 | 3 | 3 | 2 | 1 | 110 | 415 |
| Total liabilities | 0 | 0 | 0 | 0 | 2 | 8 | 10 | 37 | 75 | 309 | 704 |
| Shareholders' equity | 8 | 12 | 12 | 4 | 38 | 165 | 90 | 153 | 463 | 724 | 395 |
| Non-controlling interests and other (assets − liabilities − equity) | 1 | 1 | 0 | 0 | — | — | — | — | — | 141 | 137 |
| Net debt (negative = net cash) | −7 | −5 | −2 | −0 | −0 | −40 | −30 | −15 | −94 | −8 | 331 |
| Shares outstanding | — | 26m | 30m | 31m | — | — | 82m | 107m | — | — | 355m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | — | 5 | 3 | 6 | 17 | 24 | 92 | 23 |
| Total current assets | — | 297 | 188 | 314 | 673 | 178 | 500 | 245 |
| Goodwill | 19 | 19 | 19 | 20 | 20 | 20 | 20 | 19 |
| Total assets | — | 538 | 485 | 723 | 1,133 | 1,174 | 1,181 | 1,236 |
| Accounts payable | — | 3 | 2 | 2 | 6 | 9 | 9 | 14 |
| Deferred revenue (current) | — | 31 | 21 | 12 | 8 | 8 | 19 | 18 |
| Total current liabilities | — | 55 | 48 | 40 | 38 | 93 | 79 | 163 |
| Short-term debt | — | — | — | — | — | — | — | 78 |
| Long-term debt | — | — | — | — | — | 110 | 334 | 25 |
| Total debt | — | — | — | — | — | 110 | 334 | 104 |
| Total liabilities | — | 75 | 68 | 90 | 88 | 309 | 572 | 704 |
| Shareholders' equity | 315 | 463 | 417 | 633 | 906 | 724 | 469 | 395 |
| Non-controlling interests and other (assets − liabilities − equity) | — | — | — | — | 139 | 141 | 139 | 137 |
| Shares outstanding | — | 179m | 183m | 284m | 322m | 324m | 331m | 355m |
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