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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 |
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