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.

Bit Digital BTBT Impairment Of Digital Assets

Impairment Of Digital Assets at other companies

Galaxy Digital Inc. Class A Common StockGLXY

$132.93M+171%

Galaxy Digital Inc. Class A Common StockGLXY

$284.4M+263%

MicroStrategyMSTR

$0-100%

Cboe Global MarketsCBOE

$0—

Galaxy Digital Inc. Class A Common StockGLXY

$0—

Galaxy Digital Inc. Class A Common StockGLXY

$0-100%

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 btbt:ImpairmentOfDigitalAssets.

The official record: Bit Digital’s 10-K, filed March 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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.