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Bit Digital BTBT Impairment Of Digital Assets Operating

Impairment Of Digital Assets Operating at other companies

Galaxy Digital logo
Galaxy DigitalGLXY
$181.35M+319%
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Galaxy DigitalGLXY
$79.65M+119%
Galaxy Digital logo
Galaxy DigitalGLXY
$79.65M+119%
Cboe Global Markets logo
Cboe Global MarketsCBOE
$0
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Townsquare MediaTSQ
$0
Galaxy Digital logo
Galaxy DigitalGLXY
$0

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$453.6M-52.7%
Enterprise value$399.44M-51.2%
P/S3.9×-5.8×

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:ImpairmentOfDigitalAssetsOperating.

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 Year Ended December 31, 2025For the Year Ended December 31, 2024For the Year Ended December 31, 2023
Realized and unrealized gains on digital assets held within Investment Fund-(2,550,904)(1,432,517)
Equity loss from one equity method investment--7,695
Realized gain on exchange of digital assets--(18,789,998)
Impairment of digital assets--6,632,437
Impairment of digital intangible assets6,008,004--
Gain on disposal of digital intangible assets(4,299,316)--
Gain from sale of investment security(924)-(8,220)
Loss on write off of deposit to hosting facility--2,041,491

Item 8. Financial Statements and Supplementary

FAQ

What is Bit Digital's impairment of digital assets operating?
Bit Digital (BTBT) reported impairment of digital assets operating of $1.66M in Q4 2023.
What does impairment of digital assets operating mean?
Measures the non-cash charge recognized when the carrying value of digital assets exceeds their fair market value. High levels of impairment indicate a significant decline in the market price of held crypto assets relative to their acquisition cost.

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