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Bit Digital BTBT
$ 1.79 1.13%
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Quarterly report 2026-Q2
added 08-13-2026

Bit Digital Balance Sheet 2025-2011 | BTBT

Brief overview of Bit Digital's financial position

The review uses the five latest available annual reports between 2021 and 2025.

Assets rose from $173.7 million to $1.2 billion, a gain of +576.2%, while CAGR was about 61.3%. The balance sheet expanded rapidly.

Funding shifted toward liabilities: they gained +3,636.4%, compared with +576.2% for assets.

Equity funds 61.6% of assets versus 95.2% initially. This creates a conservative balance sheet structure.

Net debt equals roughly 0.01x of equity. This is a moderate load and leaves room for maneuver.

Retained earnings are negative at -$178.5 million. This reduces the formal capital cushion, although large shareholder returns may have contributed.

Conclusion

Taken together, the figures indicate acceptable resilience for Bit Digital. The next assessment depends on debt and equity trends.

Annual Balance Sheet Bit Digital

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Net Debt

10.4 M -81.4 M -10.6 M -29.6 M - - - - -5.46 M -7.38 M -675 K - - - -

Long Term Debt

110 M 9.28 M 4.35 M 3.04 M 2.77 M - - - - - - - - - -

Long Term Debt Current

18.5 M 4.53 M 1.86 M - - - - - - - - - - - -

Total Non Current Liabilities

216 M 19.7 M 9.54 M 3.04 M 3.23 M - - - - - - - - - -

Total Current Liabilities

92.9 M 55 M 27.1 M 7.44 M 5.04 M 1.89 M 430 K 403 K 469 K - - - - - -

Total Liabilities

309 M 74.8 M 36.6 M 10.5 M 8.27 M 1.89 M 430 K 403 K 469 K 282 K 61.2 K - - - -

Deferred Revenue

8 M 30.7 M 13.1 M - - - - - - 13.3 K - - - - -

Retained Earnings

-179 M -98.2 M -147 M -131 M -26.1 M -15.7 M -13.8 M -4.32 M -894 K 48.4 K -106 K - - - -

Total Assets

1.17 B 538 M 189 M 100 M 174 M 39.9 M 4.52 M 12.5 M 12.9 M 9.1 M 880 K - - - -

Cash and Cash Equivalents

118 M 95.2 M 16.9 M 32.7 M - 405 K 16 K 2.33 M 5.46 M 7.38 M 675 K - - - -

Book Value

865 M 463 M 153 M 89.9 M 165 M 38 M 4.09 M 12.1 M 12.4 M 8.82 M 819 K - - - -

Total Shareholders Equity

724 M 463 M 153 M 89.9 M 165 M 37.6 M 4.09 M 11.6 M 11.8 M 8.82 M 819 K - - - -

All numbers in USD currency

Quarterly Balance Sheet Bit Digital

2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Long Term Debt

5.42 M 334 M 9.28 M 36.3 M 38.3 M 8.98 M 9.28 M - - - 4.35 M - - - - 2.77 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Total Non Current Liabilities

216 M 493 M 19.7 M 49.1 M 50.1 M 19.6 M 19.7 M - - - 9.54 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Total Liabilities

309 M 572 M 74.8 M 87.5 M 90.2 M 67.8 M 74.8 M - - - 36.6 M - - - - 8.27 M - - - 1.89 M - - - 430 K - - - 403 K - - - 469 K - - - 282 K - - - - - - - - - - - - - - - - - - - - - - -

Deferred Revenue

8 M 18.7 M 30.7 M 7.77 M 11.6 M 21.2 M 30.7 M - - - 13.1 M - - - - - - - - - - - - - - - - - - - - - - - - 13.3 K - - - - - - - - - - - - - - - - - - - - - - -

Retained Earnings

-179 M -326 M -98.2 M 9.84 M -141 M -156 M -98.2 M - - - -147 M - - - - -19.9 M - - - -15.7 M - - - -13.8 M - - - -4.32 M - - - -894 K - - - 48.4 K - - - - - - - - - - - - - - - - - - - - - - -

Total Assets

1.17 B 1.18 B 538 M 1.13 B 723 M 485 M 538 M - - - 189 M - - - - 180 M - - - 39.9 M - - - 4.52 M - - - 12.5 M - - - 12.9 M - - - 9.1 M - - - - - - - - - - - - - - - - - - - - - - -

Cash and Cash Equivalents

98.9 M 79.5 M 34 M 179 M 181 M 57.6 M 95.2 M 106 M 61.4 M 35.5 M 16.9 M - - - - 42.4 M - - - 405 K - - - 16 K - - - 2.33 M - - - 5.46 M - - - 7.38 M - - - 675 K - - - - - - - - - - - - - - - - - - -

Book Value

865 M 609 M 463 M 1.05 B 633 M 417 M 463 M - - - 153 M - - - - 172 M - - - 38 M - - - 4.09 M - - - 12.1 M - - - 12.4 M - - - 8.82 M - - - - - - - - - - - - - - - - - - - - - - -

Total Shareholders Equity

463 M 469 M 89.9 M 906 M 633 M 417 M 463 M 315 M 295 M 265 M 153 M - - - - 172 M - - - 38 M - - - 3.83 M - - - 11.6 M - - - 11.8 M - - - 7.86 M - - - 819 K - - - - - - - - - - - - - - - - - - -

All numbers in USD currency

Balance Sheet is a fundamental financial report of Bit Digital, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.

For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.

Features of balance sheet analysis
  • Vertical and horizontal analysis
    Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods.
  • Asset quality
    It is important to evaluate not only the amount of assets but also their liquidity and realizability.
  • Accounting for off-balance sheet liabilities
    Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.

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