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Bit Digital BTBT Reclassification Of Deposits To Property And Equipment

Reclassification Of Deposits To Property And Equipment 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$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:ReclassificationOfDepositsToPropertyAndEquipment.

The official record: Bit Digital’s 10-Q, filed May 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Bit Digital's reclassification of deposits to property and equipment?
Bit Digital (BTBT) reported reclassification of deposits to property and equipment of $6.46M in Q1 2026.
How has Bit Digital's reclassification of deposits to property and equipment changed year-over-year?
Bit Digital's reclassification of deposits to property and equipment decreased by 92.0% year-over-year, from $80.31M to $6.46M.
What is the long-term trend for Bit Digital's reclassification of deposits to property and equipment?
Over 2 years (2022 to 2025), Bit Digital's reclassification of deposits to property and equipment has grown at a 84.9% compound annual growth rate (CAGR), from -$40.52M to $138.57M.
What does reclassification of deposits to property and equipment mean?
The non-cash reclassification of previously held deposits or prepayments into capitalized property and equipment assets. This indicates the transition of capital from a committed state to an active, operational asset as equipment is delivered or installed.