B
BTC Digital Ltd.
Period
FY 2025
Revenue
$14.04M
Net Income
$-9.10M
Total Assets
$39.92M
Equity
$37.16M
Shares Out
9.52M
Op. Cash Flow
$-5.30M
Business
BTC Digital Ltd operates as a cryptocurrency company focused on bitcoin mining and related services. The company conducts bitcoin mining and provides mining machine resale and rental services, hosting and miner management, and pursues R&D and planned crypto asset management offerings. Through its subsidiaries and an affiliated company it segments operations into mining operations, mining machine resale and rental, hosting/technical services, and research and development for mining hardware and infrastructure. It primarily operates mining facilities and hosts machines in the United States (including Arkansas and Texas), sells and rents machines to customers via referrals and commercial sales channels, and participates in global mining pools.
Summary from filing dated 2025-04-30
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|
| Revenues | 9 | 12 | |
| Cost of revenues | −10 | −10 | |
| Gross profit/(loss) | −1 | 2 | |
| Selling and marketing expenses | −225,000 | — | |
| General and administrative expenses | −1 | −721,000 | |
| Gain/(Loss) from operations | −2 | 1 | |
| Realized gain/(loss) on exchange of digital assets | 34,000 | −273,000 | |
| Interest income | 1,000 | — | |
| Interest expenses | −63,000 | −20,000 | |
| Foreign currency exchange gain, net | — | 173,000 | |
| Equity in income on equity method investments | 12,000 | 12,000 | |
| Others income/(expenses), net | −327,000 | 28,000 | |
| Gain/(Loss) before income tax from continuing operations | −3 | 967,000 | |
| Income tax expense | — | — | |
| Net gain/(loss) from continuing operations | −3 | 967,000 | |
| Loss from discontinued operations, net of income taxes | — | −6 | |
| Gain on disposal of discontinued operations, net of income taxes | — | 11 | |
| Net income from discontinued operations, net of income taxes | — | 5 | |
| Net income/(loss) | −3 | 6 | |
| Net loss from discontinued operations attributable to non-controlling interest | — | −2 | |
| Less: Net loss attributable to the non-controlling interest | — | −2 | |
| Net income(loss) attributable to shareholders of the Company | −3 | 8 | |
| Comprehensive income/ (loss) | −3 | 6 | |
| -From continuing operation (in Dollars per share) | −1.89 | 8.26 | |
| -From discontinued operation (in Dollars per share) | — | 6.84 | |
| -From continuing operation (in Dollars per share) | −1.89 | 8.26 | |
| -From discontinued operation (in Dollars per share) | — | 6.84 | |
| - Basic (in Shares) | 1 | 682,779 | |
| - Diluted (in Shares) | 1 | 682,779 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 43,000 | 48,000 | — | |
| Accounts receivable, net | 5 | 9 | — | |
| Prepayments and other current assets | 3 | 5 | — | |
| Digital assets | 436,000 | 91,000 | — | |
| Total current assets | 9 | 14 | — | |
| Equity method investments | 3 | 3 | — | |
| Property and equipment, net | 13 | 13 | — | |
| Total non-current assets | 16 | 16 | — | |
| Total assets | 25 | 30 | — | |
| Accounts payable | 128,000 | 3 | — | |
| Short term loans | 125,000 | 870,000 | — | |
| Deferred revenue | 792,000 | — | — | |
| Amounts due to related parties | 4 | 7 | — | |
| Total current liabilities | 5 | 11 | — | |
| Total liabilities | 5 | 11 | — | |
| Ordinary shares (US$0.06 par value; 25,000,000 shares authorized; 1,044,009 and 2,097,535 shares issued outstanding as of December 31, 2022 and 2023) | 121,000 | 63,000 | — | |
| Additional paid-in capital | 206 | 203 | — | |
| Accumulated deficit | −187 | −184 | — | |
| Total equity attributable to shareholders of the Company | 19 | 19 | 5 | |
| Total liabilities and shareholders equity | 25 | 30 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|
| Depreciation and amortization | 3 | 4 | |
| Amortization of operating lease right-of-use assets | — | 1 | |
| Realized loss/(gain) on exchange of digital assets | −34,000 | 273,000 | |
| Net loss/(gain) on disposal of property and equipment | 357,000 | −4 | |
| Impairment losses on cryptocurrency assets | — | 3,000 | |
| Provision for impairment loss of account receivables and other receivables | — | 2 | |
| Equity income on equity method investments | −12,000 | −512,000 | |
| Deferred income tax expense | — | 59,000 | |
| Loss on disposal and closure of subsidiaries and branches | — | 3 | |
| Share-based compensation expenses | 138,000 | 849,000 | |
| Gains on disposal of subsidiaries and VIEs | — | −11 | |
| Decrease in contract assets | — | 214,000 | |
| Increase in accounts receivable | 3 | −10 | |
| Decrease in other contract costs | — | 3 | |
| (Increase)/decrease in prepayments and other current assets | 3 | −969,000 | |
| Decrease in other non-current assets | — | 1 | |
| Change of Digital assets | −311,000 | −367,000 | |
| Increase/(decrease) in accounts payable | −3 | 3 | |
| Increase/(decrease) in deferred revenue | 250,000 | −13 | |
| Decrease in salary and welfare payable | — | −3 | |
| Decrease in financial liabilities from contracts with customers | — | −10 | |
| Decrease in accrued expenses and other payables | — | −2 | |
| Decrease in prepaid tax | — | 34,000 | |
| Decrease in operating lease liabilities | — | −1 | |
| Increase in income taxes payable | — | 9,000 | |
| Net cash flow generated from/(used in) operating activities | 4 | −31 | |
| Purchases of property and equipment | −3 | −9 | |
| Disposal of subsidiaries and VIEs | — | −3 | |
| Payment for investment in associate | — | −2 | |
| Proceeds from disposal of property and equipment | 564,000 | 11 | |
| Advances to related parties | −3 | −194,000 | |
| Repayment of advances to related parties | — | 441,000 | |
| Net cash used in investing activities | −5 | −2 | |
| Advances from related parties | — | 4 | |
| Repayment of advances from related parties | — | −3 | |
| Proceeds from Short term loans | 182,000 | 1 | |
| Repayment of Short term loans | −927,000 | −1 | |
| Proceeds from issuance of ordinary shares for private placement | 2 | 6 | |
| Net cash generated from financing activities | 807,000 | 8 | |
| Net decrease in cash and cash equivalents and restricted cash | −5,000 | −26 | |
| Interest paid | 63,000 | 23,000 | |
| Income tax paid | — | 104,000 |
Filings
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Frequently asked questions
What is BTC Digital Ltd.'s CIK number?
BTC Digital Ltd.'s SEC CIK number is 0001796514 (1796514). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find BTC Digital Ltd.'s SEC filings?
All of BTC Digital Ltd.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.