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BTBTBit Digital

Crypto · Financial Services · Nasdaq

Bit Digital, Inc. (“BTBT” or the “Company” or “We”), is a holding company incorporated on February 17, 2017, under the laws of the Cayman Islands. 10-K, Item 1

Headquarters
New York, NY
CEO
Samir Tabar
Next results
around Nov 13, 2026
Compare with peers → Embed
RevenueFY2016–25 $113.6M+5.1% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 −$80.3M FY2024: $28.3M 10-K FY2025 · XBRL Free cash flowFY2016–25 −$574.9M FY2024: −$107.0M 10-K FY2025 · XBRL Operating marginFY2016–25 -80.9%−106.4 pts 5.9% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Mar 27, 2026 against Mar 14, 2025
AreaWhat changedSource
Risk factors164 new paragraphs, nothing like them in the previous 10-K10-K Item 1A
Receivables growing faster than revenueReceivables +354.1% vs revenue +5.1% (+349.0 pts)10-K · XBRL
Critical audit matters changedNew this year: We performed site; We independently; We independently (“As described in Note 12, the Company issued $150 million 4.00% Convertible Senior Notes due 2030 (the “Notes”). The Notes include features such as conversion into ordinary shares and are governed by complex contractual terms under the indenture agreement.”); We confirmed the (“As described in Note 12, the Company issued $150 million 4.00% Convertible Senior Notes due 2030 (the “Notes”). The Notes include features such as conversion into ordinary shares and are governed by complex contractual terms under the indenture agreement.”); Valuation and Classification of Convertible Notes (“As described in Note 12, the Company issued $150 million 4.00% Convertible Senior Notes due 2030 (the “Notes”). The Notes include features such as conversion into ordinary shares and are governed by complex contractual terms under the indenture agreement.”); We obtained an understanding of and evaluated the key contractual terms by reading and analyzing the underwriting; We assessed management's conclusion regarding the appropriate accounting treatment, including whether the instrument; We tested key valuation assumptions used by management, including; We recalculated and independently estimated the initial recognition. No longer listed: We performed site visits at the Company’s facilities; We independently traced certain financial and performance; We independently confirmed with third-party mining pool operators; We confirmed the year-end digital asset balances directly; Goodwill valuation; We tested the effectiveness of controls over the fair value; With the assistance of fair value specialists, we evaluated. Same as last year: F-2; Revenue Recognition of Digital Asset Mining10-K · XBRL
Accounting checks7 other checks clear, 2 worth a look10-K · XBRL
InsidersNo open-market buys in the last 90 daysForm 4
Filings0 in the last 30 daysEDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Mar 27, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-03-14. Quoted as filed.

  1. Ownership of our securities involves a high degree of risk. You should carefully consider the risks described below, together with all other information contained in or incorporated by reference into this Annual Report on Form 10-K, including our audited financial statements and the notes thereto, and “Management’s Discussion and…
    10-K, Item 1A
All 164 new paragraphs →

Accounting checks

latest 10-K

7 of 9 clear 2 worth a look. Checks, not verdicts.

  • !
    Receivables growing faster than revenueReceivables +354.1% vs revenue +5.1% (+349.0 pts)
  • !
    Critical audit matters changedNew this year: We performed site; We independently; We independently (“As described in Note 12, the Company issued $150 million 4.00% Convertible Senior Notes due 2030 (the “Notes”). The Notes include features such as conversion into ordinary shares and are governed by complex contractual terms under the indenture agreement.”); We confirmed the (“As described in Note 12, the Company issued $150 million 4.00% Convertible Senior Notes due 2030 (the “Notes”). The Notes include features such as conversion into ordinary shares and are governed by complex contractual terms under the indenture agreement.”); Valuation and Classification of Convertible Notes (“As described in Note 12, the Company issued $150 million 4.00% Convertible Senior Notes due 2030 (the “Notes”). The Notes include features such as conversion into ordinary shares and are governed by complex contractual terms under the indenture agreement.”); We obtained an understanding of and evaluated the key contractual terms by reading and analyzing the underwriting; We assessed management's conclusion regarding the appropriate accounting treatment, including whether the instrument; We tested key valuation assumptions used by management, including; We recalculated and independently estimated the initial recognition. No longer listed: We performed site visits at the Company’s facilities; We independently traced certain financial and performance; We independently confirmed with third-party mining pool operators; We confirmed the year-end digital asset balances directly; Goodwill valuation; We tested the effectiveness of controls over the fair value; With the assistance of fair value specialists, we evaluated. Same as last year: F-2; Revenue Recognition of Digital Asset Mining
  • ✓
    Same auditor in both 10-Ks: Audit Alliance LLP
  • ✓
    No statement of substantial doubt about going concern
  • ✓
    No 8-K item 4.02 in the last 2 years
  • ✓
    No NT 10-K or NT 10-Q in the last 2 years
  • ✓
    No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • ✓
    No 8-K item 2.06 in the last 2 years
  • ✓
    No 8-K item 1.03 in the last 2 years
How each check works, with sources →

In the last 30 days

All filings →

Nothing new. The most recent filings:

Work on BTBT in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/BTBT/export.csv") into a cell.