BTC Digital Ltd.BTCTEarnings & Financial Report
BTC Digital Ltd. is a cryptocurrency enterprise focused primarily on Bitcoin mining operations. It manages high-performance computing hardware clusters to validate blockchain transactions and earn Bitcoin rewards, with core operations spanning North America and parts of Southeast Asia, serving the global digital asset ecosystem.
Revenue
$2.3M
Gross Profit
$-214.0K
Operating Profit
$-628.0K
Net Profit
$-704.0K
Gross Margin
-9.2%
Operating Margin
-27.0%
Net Margin
-30.2%
YoY Growth
-63.5%
EPS
$-0.27
BTC Digital Ltd. Q2 FY2024 Financial Summary
BTC Digital Ltd. reported revenue of $2.3M (down 63.5% YoY) for Q2 FY2024, with a net profit of $-704.0K (down 421.5% YoY) (-30.2% margin). Cost of goods sold was $2.5M, operating expenses totaled $414.0K.
Key Financial Metrics
| Total Revenue | $2.3M |
|---|---|
| Net Profit | $-704.0K |
| Gross Margin | -9.2% |
| Operating Margin | -27.0% |
| Report Period | Q2 FY2024 |
BTC Digital Ltd. Annual Revenue by Year
BTC Digital Ltd. annual revenue history includes year-by-year totals (for example, 2024 revenue was $11.7M).
| Year | Annual Revenue |
|---|---|
| 2024 | $11.7M |
BTC Digital Ltd. Quarterly Revenue & Net Profit History
BTC Digital Ltd. results over the last 5 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2024 | $4.1M | — | $17.0K | 0.4% |
| Q3 FY2024 | $2.6M | — | $-571.0K | -22.3% |
| Q2 FY2024 | $2.3M | -63.5% | $-704.0K | -30.2% |
| Q1 FY2024 | $2.6M | — | $-731.0K | -27.6% |
| Q2 FY2023 | $6.4M | — | $-135.0K | -2.1% |
Income Statement
| Q2 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|
| Revenue | $6.4M | $2.6M | $2.3M | $2.6M | $4.1M |
| YoY Growth | N/A | N/A | -63.5% | N/A | N/A |
Balance Sheet
| Q2 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|
| Assets | $25.7M | $24.6M | $24.7M | $25.1M | $41.1M |
| Liabilities | $7.4M | $4.3M | $5.1M | $4.6M | $1.2M |
| Equity | $18.3M | $20.3M | $19.6M | $20.4M | $39.9M |
Cash Flow
| Q2 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|
| Operating CF | $-3.8M | $172000 | $3.5M | $-284000 | $-1.8M |