What the 10-K filed 2026-03-27 says about risks that are not on the face of the balance sheet, from the notes to the financial statements, Legal Proceedings and the MD&A (and, for big customers and key suppliers, Business and Risk Factors). Tickdelta picks sentences with specifics (amounts, accruals, covenant ratios) and quotes them as filed. New marks a sentence with nothing like it in the 10-K filed 2025-03-14.
Big customers
1 newCustomers the company names as a large share of revenue or receivables (it must name any worth 10% of revenue).
New “No one customer accounted for in excess of 50% of data center revenue in the 12 months ended December”
Read it in the 10-K ↗
Key suppliers
Parts or manufacturing that depend on one or a few suppliers.
No specific sentence about this in the 10-K.
Lawsuits and legal claims
1 newPending cases, settlements and what the company has set aside for them.
“On June 3, 2024, the Company filed suit in Delaware Superior Court against Blockfusion alleging”
Read it in the 10-K ↗
New “The Company filed its opposition to the motion on October 17, 2025, and the Court held a hearing on the motion on January”
Read it in the 10-K ↗
Guarantees and indemnities
1 newPromises to pay someone else's debts or losses if they cannot.
New “31, 2025 and December 31, 2024, the fixed maximum amount guaranteed under the letter of credit was $3.9 million and $3.7 million,”
Read it in the 10-K ↗
Debt covenants
2 newConditions in loan agreements that, if broken, can make debt due early.
New “customary terms and covenants, including that upon certain events of default either the Trustee or the holders of at least 25% in aggregate”
Read it in the 10-K ↗
New “customary covenants, including that upon certain events of default either the trustee or the holders of at least 25% in aggregate principal”
Read it in the 10-K ↗
Commitments off the balance sheet
Contracts the company must pay for later: purchase obligations, take-or-pay deals.
No specific sentence about this in the 10-K.
Sentences are chosen by their words, not read by AI, so some can be off topic. Always check the filing. Open the 10-K ↗
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.