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Bit Digital BTBT Cloud Services — Cost Of Revenue

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Other financials

Income statement

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Revenue$27.9M+11.2%
Operating income-$142.9M-173%
Net income-$146.7M-154%
EPS (diluted)-$0.45-40.6%

Balance sheet

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Cash & equivalents$83.9M+36.8%
Total debt$29.7M+103%
Total equity$469.2M+12.4%
Total assets$1.2B+143%

Cash flow

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Operating cash flow-$1.1M-106%
CapEx$169.2M+160%
Free cash flow-$170.3M-258%

Valuation

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Market cap$481.52M-49.8%
Enterprise value$427.35M-47.8%
P/S4.1×-5.5×

Profitability

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Operating margin-156.7%-816pp
Net margin-145.4%+1,071pp
FCF margin-599.3%-855pp

Returns & leverage

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Return on equity-38.2%+67.7pp
Debt / equity0.1×0.0×
Current ratio6.4×+2.5×

Where this comes from

Reported directly by Bit Digital in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

The source filing: Bit Digital’s 10-Q, filed May 15, 2026.

Filed
May 15, 2026, 7:00 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001213900-26-057116
Line itemFor the Three Months Ended March 31, 2026For the Three Months Ended March 31, 2025
Operating costs and expenses
Cost of revenue (exclusive of depreciation and amortization shown below)
Digital asset mining(3,251,499)(6,123,889)
Cloud services(6,779,283)(6,088,000)
Colocation services(1,952,783)(545,836)
ETH staking(121,334)(32,568)
Depreciation and amortization expenses(10,035,581)(7,241,989)
General and administrative expenses(27,627,296)(8,235,923)

Item 1. Financial Statements.

FAQ

What is Bit Digital's cloud services — cost of revenue?
Bit Digital (BTBT) reported cloud services — cost of revenue of $6.78M in Q1 2026.
How has Bit Digital's cloud services — cost of revenue changed year-over-year?
Bit Digital's cloud services — cost of revenue increased by 11.4% year-over-year, from $6.09M to $6.78M.
What does cloud services — cost of revenue mean?
Includes all direct costs associated with delivering cloud infrastructure services, such as hardware leasing, energy consumption, and facility maintenance. Monitoring this metric helps assess the direct operational efficiency of the cloud service business model.

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