Bit Digital, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 12, 2026, reporting significant balance sheet expansion relative to year-end 2025.

Key Highlights

  • Total assets reached $1,718,093 thousand as of September 30, 2026, up from $1,174,418 thousand as of December 31, 2025, according to the filing.
  • Cash and cash equivalents were $143,470 thousand at quarter-end, compared with $118,356 thousand at year-end 2025.
  • Total liabilities grew to $1,013,351 thousand from $309,157 thousand at December 31, 2025, driven in part by convertible notes payable of $445,330 thousand and non-current deferred revenue of $251,398 thousand.
  • Accumulated deficit widened to $404,707 thousand from $178,526 thousand at December 31, 2025.
  • Property, plant, and equipment, net, more than doubled to $760,232 thousand from $360,243 thousand at year-end 2025, with deposits for property, plant, and equipment also rising to $158,537 thousand from $52,838 thousand.
  • Ordinary shares outstanding were 360,844,922 as of September 30, 2026, up from 324,192,228 at December 31, 2025, with 361,075,850 shares outstanding as of November 5, 2026.
  • Digital assets on the balance sheet declined to $200,534 thousand from $415,734 thousand at December 31, 2025, while a new line item, digital intangible assets, stood at $98,276 thousand.

Bit Digital's Balance Sheet and Capital Structure as of September 30, 2026

According to the filing, Bit Digital, Inc. (NASDAQ:BTBT) reported total assets of $1,718,093 thousand at September 30, 2026, an increase from $1,174,418 thousand at December 31, 2025. The company disclosed that non-current assets grew to $1,456,705 thousand from $996,403 thousand, with property, plant, and equipment, net, rising to $760,232 thousand and deposits for property, plant, and equipment climbing to $158,537 thousand. A new line, digital intangible assets, appeared at $98,276 thousand, while digital assets fell to $200,534 thousand from $415,734 thousand at year-end 2025.

On the liabilities side, the filing reported that total liabilities expanded to $1,013,351 thousand from $309,157 thousand at December 31, 2025. Convertible notes payable, net, rose sharply to $445,330 thousand from $110,291 thousand. Non-current deferred revenue increased to $251,398 thousand from $71,554 thousand, and current deferred revenue grew to $54,636 thousand from $7,997 thousand. The company also disclosed short-term debt and current portion of long-term debt of $41,873 thousand, a line that carried no balance at year-end 2025.

Total Bit Digital shareholders' equity declined to $538,580 thousand from $723,994 thousand, the filing stated, reflecting the wider accumulated deficit of $404,707 thousand. Non-controlling interests were reported at $166,162 thousand, bringing total equity to $704,742 thousand compared with $865,261 thousand at December 31, 2025. The company is incorporated in the Cayman Islands and maintains its principal executive offices at 31 Hudson Yards, Floor 11, New York, NY 10001, according to the filing. The filing notes that it contains forward-looking statements subject to the company's cautionary language and the safe-harbor provisions of applicable securities laws.

What Was Disclosed

Bit Digital filed a 10-Q covering the quarter ended September 30, 2026, disclosing unaudited condensed consolidated balance sheet data showing total assets of $1,718,093 thousand, total liabilities of $1,013,351 thousand, and total equity of $704,742 thousand, with 360,844,922 ordinary shares outstanding.