See more : Bank of America Corporation (BAC-PE) 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.
You may be interested
- Kobe Bussan Co., Ltd. (KOBNF) Income Statement Analysis – Financial Results
- Dunia Virtual Online Tbk. (AREA.JK) Income Statement Analysis – Financial Results
- Mobilicom Limited (MILOF) Income Statement Analysis – Financial Results
- PT Natura City Developments Tbk (CITY.JK) Income Statement Analysis – Financial Results
- TCL Zhonghuan Renewable Energy Technology Co.,Ltd. (002129.SZ) Income Statement Analysis – Financial Results
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. (BTBT) Stock Slides as Market Rises: Facts to Know Before You Trade
In the most recent trading session, Bit Digital, Inc. (BTBT) closed at $2.86, indicating a -1.38% shift from the previous trading day.
Bit Digital, Inc. Announces Date for Second Quarter 2024 Financial Results and Conference Call
NEW YORK , Aug. 12, 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 will release its...
Is Bit Digital (BTBT) a Buy as Wall Street Analysts Look Optimistic?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Bit Digital mines 60.5 bitcoin, earns 47.5 Ethereum in stake rewards in July
Nasdaq-listed bitcoin miner and Ethereum staker Bit Digital Inc (NASDAQ:BTBT) mined 60.5 bitcoin (BTC) in July, marking a 1.9% decrease compared to the previous month. Bit Digital also earned an estimated $4.3 million in unaudited revenue from its initial AI...
Bit Digital, Inc. Announces Monthly Production Update for July 2024
NEW YORK , Aug. 6, 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 and...
Bit Digital, Inc. (BTBT) is Attracting Investor Attention: Here is What You Should Know
Recently, Zacks.com users have been paying close attention to Bit Digital (BTBT). This makes it worthwhile to examine what the stock has in store.
Is the Options Market Predicting a Spike in Bit Digital (BTBT) Stock?
Investors need to pay close attention to Bit Digital (BTBT) stock based on the movements in the options market lately.
Bit Digital, Inc. (BTBT) Falls More Steeply Than Broader Market: What Investors Need to Know
Bit Digital, Inc. (BTBT) reachead $3.53 at the closing of the latest trading day, reflecting a -0.7% change compared to its last close.
Could Bit Digital Become the Next Marathon Digital?
Bit Digital is a distant underdog in the Bitcoin mining market. But it's expanding into the AI market with its GPU rental services.
Trump trade lead to spike in Coinbase, crypto mining stocks
A fiery speech from firebrand presidential candidate Donald Trump at the Bitcoin 2024 conference in Kentucky over the week led to a strong rally in bitcoin's spot price this Monday. But his rousing pro-bitcoin speech, in which Trump rallied against...
Source: https://incomestatements.info
Category: Stock Reports