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Bit Digital BTBT Impairment Of Digital Assets

Impairment Of Digital Assets at other companies

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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-52.7%
Enterprise value$427.35M-51.2%
P/S4.1×-6.1×

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 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 itemFor the Years Ended December 31, 2025For the Years Ended December 31, 2024For 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 assets18,789,998
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?
This metric measures the non-cash charge recognized when the carrying value of digital assets exceeds their fair market value, indicating a decline in asset value. It reflects the impact of adverse market price movements on the balance sheet. High impairment charges signal significant volatility and potential overvaluation of digital asset holdings.

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