See more : Compute Health Acquisition Corp. (CPUH-UN) Income Statement Analysis – Financial Results
Complete financial analysis of Bit Digital, Inc. (BTBT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Bit Digital, Inc., a leading company in the Financial – Capital Markets industry within the Financial Services sector.
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Bit Digital, Inc. (BTBT)
About Bit Digital, Inc.
Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities. The company was formerly known as Golden Bull Limited and changed its name to Bit Digital, Inc. in September 2020. Bit Digital, Inc. was incorporated in 2017 and is headquartered in New York, New York.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 44.92M | 32.30M | 96.08M | 21.07M | 4.59M | 7.89M | 6.95M | 3.71M | 0.00 |
| Cost of Revenue | 29.56M | 20.37M | 30.74M | 14.10M | 0.00 | 0.00 | 391.93K | 0.00 | 0.00 |
| Gross Profit | 15.36M | 11.92M | 65.34M | 6.96M | 4.59M | 7.89M | 6.56M | 3.71M | 0.00 |
| Gross Profit Ratio | 34.20% | 36.91% | 68.01% | 33.04% | 100.00% | 100.00% | 94.36% | 100.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 137.42K | 447.88K | 485.85K | 417.90K | 29.94K |
| General & Administrative | 26.47M | 23.11M | 39.15M | 2.52M | 2.48M | 6.69M | 3.92M | 1.64M | 492.49K |
| Selling & Marketing | 1.20M | 1.10M | 0.00 | 0.00 | 6.96M | 4.94M | 3.91M | 1.43M | 361.09K |
| SG&A | 27.67M | 23.11M | 39.15M | 2.52M | 9.43M | 11.63M | 7.83M | 3.07M | 111.75K |
| Other Expenses | 4.31M | 27.83M | 13.11M | 3.32M | 93.58K | 171.08K | 75.65K | -155.00 | 0.00 |
| Operating Expenses | 31.98M | 50.94M | 52.27M | 5.84M | 9.57M | 12.07M | 8.31M | 3.49M | 141.69K |
| Cost & Expenses | 61.54M | 71.32M | 83.01M | 19.94M | 9.57M | 12.07M | 8.31M | 3.49M | 141.69K |
| Interest Income | 0.00 | 0.00 | 0.00 | 41.00 | 0.00 | 0.00 | 17.17K | 3.32K | 12.00 |
| Interest Expense | 0.00 | 132.62M | 0.00 | 0.00 | 0.00 | 0.00 | 1.70K | 1.01K | 0.00 |
| Depreciation & Amortization | 14.43M | 27.83M | 13.11M | 3.32M | 30.20K | 82.87K | 57.60K | 38.97K | 1.70M |
| EBITDA | -12.31M | -8.96M | 26.18M | 4.45M | -1.96M | -3.91M | -1.21M | 255.83K | 1.56M |
| EBITDA Ratio | -27.40% | 168.93% | 32.51% | 17.28% | -107.95% | -51.99% | -18.72% | 6.90% | 0.00% |
| Operating Income | -16.62M | 26.73M | 18.12M | 315.16K | -4.98M | -4.18M | -1.36M | 216.85K | -141.69K |
| Operating Income Ratio | -37.00% | 82.76% | 18.86% | 1.50% | -108.61% | -53.05% | -19.55% | 5.85% | 0.00% |
| Total Other Income/Expenses | 3.01M | 1.28M | -3.04M | 803.63K | 2.99M | 186.55K | 91.11K | 2.90K | 1.00 |
| Income Before Tax | -13.61M | -105.89M | 8.72M | 1.92M | -6.13M | -4.00M | -1.27M | 219.75K | -141.69K |
| Income Before Tax Ratio | -30.31% | -327.87% | 9.08% | 9.14% | -133.63% | -50.68% | -18.24% | 5.93% | 0.00% |
| Income Tax Expense | 279.04K | -592.85K | 3.86M | 3.03M | 806.80K | -461.17K | -271.54K | 54.94K | -35.42K |
| Net Income | -13.89M | -105.30M | 4.86M | -1.10M | -6.94M | -3.54M | -996.83K | 160.91K | -106.27K |
| Net Income Ratio | -30.93% | -326.03% | 5.06% | -5.24% | -151.21% | -44.84% | -14.34% | 4.34% | 0.00% |
| EPS | -0.16 | -1.34 | 0.09 | -0.04 | -0.46 | -0.25 | -0.08 | 0.01 | -0.01 |
| EPS Diluted | -0.16 | -1.34 | 0.09 | -0.04 | -0.46 | -0.25 | -0.08 | 0.01 | -0.01 |
| Weighted Avg Shares Out | 87.53M | 78.61M | 55.44M | 30.59M | 15.20M | 14.39M | 13.00M | 14.55M | 14.55M |
| Weighted Avg Shares Out (Dil) | 87.53M | 78.61M | 55.44M | 30.59M | 15.20M | 14.39M | 13.00M | 14.55M | 14.55M |
Bit Digital, Inc. Announces Monthly Production Update for August 2024
NEW YORK , Sept. 5, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainable platform for digital assets and artificial intelligence ("AI") infrastructure headquartered in New York, announced its unaudited digital asset production, HPC...
Is It Worth Investing in Bit Digital (BTBT) Based on Wall Street's Bullish Views?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do...
Here is What to Know Beyond Why Bit Digital, Inc. (BTBT) is a Trending Stock
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Bit Digital's HPC expansion, stabilizing Bitcoin mining conditions drive analyst confidence
Analysts at Noble Capital Markets have repeated their ‘Outperform' rating on Bit Digital Inc (NASDAQ:BTBT) after the Bitcoin miner's second quarter earnings impressed and it announced a significant contract win for its new High Performance Computing (HPC) business with cloud gaming...
Bit Digital, Inc. (BTBT) Q2 2024 Earnings Call Transcript
Bit Digital, Inc. (NASDAQ:BTBT ) Q2 2024 Earnings Conference Call August 20, 2024 10:00 AM ET Company Participants Cameron Schnier - Head, Investor Relations Sam Tabar - Chief Executive Officer Erke Huang - Chief Financial Officer Conference Call Participants Mike...
Why Bit Digital Is Rocketing Higher, Up 17% Today
Bit Digital's second-quarter earnings were a mixed bag, with the company reporting a wider loss than expected, but a rosier revenue outlook. However, most investor attention is being placed on the company's high-performance computing division, which has seen significant year-over-year...
Bit Digital Q2 revenue boosted by new High Performance Computing business
Bit Digital Inc (NASDAQ:BTBT) saw its second quarter revenue surge 220% year-over-year as it commenced its High Performance Computing (HPC) services business and realized a higher Bitcoin price. Revenue was $29 million, including revenue from Bitcoin mining of $16.1 million, up...
Bit Digital, Inc. (BTBT) Reports Q2 Loss, Tops Revenue Estimates
Bit Digital, Inc. (BTBT) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to earnings of $0.02 per share a year ago.
Bit Digital, Inc. Announces Binding Term Sheet with New HPC Customer Representing a More Than $700 Million Revenue Opportunity Over Five-Year Term
NEW YORK , Aug. 19, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainable platform for digital assets and artificial intelligence ("AI") infrastructure headquartered in New York, announced today that it has signed a...
Bit Digital, Inc. Announces Second Quarter of Fiscal Year 2024 Financial Results
NEW YORK , Aug. 19, 2024 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) (the "Company"), a sustainable platform for digital assets and artificial intelligence ("AI") infrastructure headquartered in New York City, today announced its unaudited financial results for the Second Quarter...
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