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.

Bit Digital BTBT Impairment Of Digital Assets Operating

Impairment Of Digital Assets Operating 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%

Galaxy Digital Inc. Class A Common StockGLXY

$0—

Cboe Global MarketsCBOE

$0—

CleanSparkCLSK

$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$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:ImpairmentOfDigitalAssetsOperating.

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 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.