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Bit Digital BTBT Impairment of digital assets
Impairment of digital assets at other companies
Other financials
Where this comes from
Reported directly by Bit Digital in its filing.
Tagged under the XBRL concept btbt:ImpairmentOfDigitalAssets.
The source filing: Bit Digital’s 10-K, filed March 27, 2026.
- Filed
- Mar 27, 2026, 4:30 PM EDT
- Fiscal year
- FY2025
- Accession
- 0001213900-26-035544
| Line item | For the Years Ended December 31, 2025 | For the Years Ended December 31, 2024 | For the Years Ended December 31, 2023 |
|---|---|---|---|
| General and administrative expenses | (80,964,293) | (41,508,279) | (27,668,592) |
| (Loss) gain on digital assets | (29,214,789) | 55,709,711 | — |
| Realized gain on exchange of digital assets | — | — | 18,789,998 |
| Impairment of digital assets | — | — | (6,632,437) |
| Impairment of digital intangible assets | (6,008,004) | — | — |
| Loss on write-off of deposit to hosting facility | — | — | (2,041,491) |
| Total operating expenses | (205,392,767) | (80,487,456) | (61,535,840) |
| (Loss) income from operations | (91,832,447) | 27,563,264 | (16,619,709) |
Item 8. Financial Statements and Supplementary
FAQ
- What is Bit Digital's impairment of digital assets?
- Bit Digital (BTBT) reported impairment of digital assets of $1.66M in Q4 2023.
- What does impairment of digital assets mean?
- Non-cash charges recognized when the carrying value of digital assets exceeds their fair market value, indicating a decline in the asset's worth. High impairment charges suggest significant downward volatility in the crypto markets that negatively impacts the balance sheet.
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