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Bit Digital BTBT Digital Asset Mining — 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$673.94M+38.7%
Enterprise value$619.77M+41.1%
P/S5.8×+1.1×

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 official record: Bit Digital’s 10-Q, filed May 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Bit Digital's digital asset mining — cost of revenue?
Bit Digital (BTBT) reported digital asset mining — cost of revenue of $3.25M in Q1 2026.
How has Bit Digital's digital asset mining — cost of revenue changed year-over-year?
Bit Digital's digital asset mining — cost of revenue decreased by 46.9% year-over-year, from $6.12M to $3.25M.
What is the long-term trend for Bit Digital's digital asset mining — cost of revenue?
Over 3 years (2022 to 2025), Bit Digital's digital asset mining — cost of revenue has grown at a 2.9% compound annual growth rate (CAGR), from $20.37M to $22.19M.
What does digital asset mining — cost of revenue mean?
This metric captures the total direct costs incurred to generate revenue from digital asset mining activities. It typically includes expenses such as electricity, hosting fees, hardware depreciation, and other direct operational costs associated with maintaining mining rigs. Monitoring this helps assess the direct cost efficiency of the mining operations.