Bit Digital Inc
Bit Digital, Inc., together with its subsidiaries, engages in the institutional grade ethereum treasury and staking business. It also designs and operates data centers and cloud solutions for AI training and inference workloads supported by renewable energy in Canada and Iceland. Additionally, it engages in the creation, installation, acquisition, and operation of various companies. The company w… Read more
Bit Digital Inc (BTBT) - Net Assets
Latest net assets as of September 2025: $1.05 Billion USD
Based on the latest financial reports, Bit Digital Inc (BTBT) has net assets worth $1.05 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.13 Billion) and total liabilities ($87.50 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.05 Billion |
| % of Total Assets | 92.28% |
| Annual Growth Rate | 102.21% |
| 5-Year Change | 1119.7% |
| 10-Year Change | N/A |
| Growth Volatility | 337.56 |
Bit Digital Inc - Net Assets Trend (2015–2024)
This chart illustrates how Bit Digital Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bit Digital Inc (2015–2024)
The table below shows the annual net assets of Bit Digital Inc from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $463.48 Million | +203.52% |
| 2023-12-31 | $152.70 Million | +69.80% |
| 2022-12-31 | $89.93 Million | -47.60% |
| 2021-12-31 | $171.64 Million | +351.70% |
| 2020-12-31 | $38.00 Million | +651.25% |
| 2019-12-31 | $5.06 Million | -58.12% |
| 2018-12-31 | $12.08 Million | -2.95% |
| 2017-12-31 | $12.45 Million | +41.11% |
| 2016-12-31 | $8.82 Million | +977.22% |
| 2015-12-31 | $818.75K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bit Digital Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 9810339200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.79 Million | 0.39% |
| Other Comprehensive Income | $-1.57 Million | -0.34% |
| Other Components | $561.46 Million | 121.14% |
| Total Equity | $463.48 Million | 100.00% |
Bit Digital Inc Competitors by Market Cap
The table below lists competitors of Bit Digital Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VP Bank AG
SW:VPBN
|
$524.54 Million |
|
Wafer Works
TWO:6182
|
$524.54 Million |
|
Intellian Technologies Inc
KQ:189300
|
$524.59 Million |
|
Irish Residential Properties REIT Plc
PINK:RSHPF
|
$524.65 Million |
|
Beijing SL Pharmaceutical Co Ltd
SHE:002038
|
$524.29 Million |
|
Green Dot Corporation
NYSE:GDOT
|
$524.22 Million |
|
Resolute Holdings Management, Inc.
NYSE:RHLD
|
$524.16 Million |
|
Northfield Bancorp Inc
NASDAQ:NFBK
|
$523.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bit Digital Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 152,703,856 to 463,479,149, a change of 310,775,293 (203.5%).
- Net income of 28,306,000 contributed positively to equity growth.
- Dividend payments of 800,000 reduced retained earnings.
- New share issuances of 242,857,873 increased equity.
- Other comprehensive income decreased equity by 491,278.
- Other factors increased equity by 40,902,698.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $28.31 Million | +6.11% |
| Dividends Paid | $800.00K | -0.17% |
| Share Issuances | $242.86 Million | +52.4% |
| Other Comprehensive Income | $-491.28K | -0.11% |
| Other Changes | $40.90 Million | +8.83% |
| Total Change | $- | 203.52% |
Book Value vs Market Value Analysis
This analysis compares Bit Digital Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.51x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 29.68x to 0.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $0.06 | $1.67 | x |
| 2016-12-31 | $0.54 | $1.67 | x |
| 2017-12-31 | $0.81 | $1.67 | x |
| 2018-12-31 | $0.81 | $1.67 | x |
| 2019-12-31 | $0.31 | $1.67 | x |
| 2020-12-31 | $1.24 | $1.67 | x |
| 2021-12-31 | $3.10 | $1.67 | x |
| 2022-12-31 | $1.14 | $1.67 | x |
| 2023-12-31 | $1.74 | $1.67 | x |
| 2024-12-31 | $3.28 | $1.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bit Digital Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.11%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.29%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.16x
- Recent ROE (6.11%) is above the historical average (-32.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -12.95% | 0.00% | 0.00x | 1.07x | $-187.88K |
| 2016 | 2.05% | 4.34% | 0.41x | 1.16x | $-625.07K |
| 2017 | -7.96% | -13.55% | 0.54x | 1.09x | $-2.13 Million |
| 2018 | -30.46% | -44.84% | 0.63x | 1.07x | $-4.70 Million |
| 2019 | -146.04% | -151.21% | 0.70x | 1.38x | $-7.41 Million |
| 2020 | -6.00% | -10.82% | 0.53x | 1.05x | $-6.08 Million |
| 2021 | -0.59% | -1.05% | 0.53x | 1.05x | $-18.17 Million |
| 2022 | -117.08% | -326.03% | 0.32x | 1.12x | $-114.29 Million |
| 2023 | -9.10% | -30.93% | 0.24x | 1.24x | $-29.16 Million |
| 2024 | 6.11% | 17.29% | 0.30x | 1.16x | $-18.04 Million |
Industry Comparison
This section compares Bit Digital Inc's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $277,925,984
- Average return on equity (ROE) among peers: -4.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bit Digital Inc (BTBT) | $1.05 Billion | -12.95% | 0.08x | $524.35 Million |
| Armada Mercantile Ltd (AAMTF) | $197.80K | -9.79% | 0.44x | $3.53 Million |
| ABG Sundal Collier Holding ASA (ABGSF) | $1.65 Billion | 37.94% | 2.19x | $207.31 Million |
| Athena Bitcoin Global (ABIT) | $-1.06 Million | 0.00% | 0.00x | $16.38 Million |
| ABS-CBN Holdings Corporation (ABSOF) | $0.00 | 0.00% | 0.00x | $5.67 Million |
| American Bitcoin Corp (ABTC) | $1.02 Billion | 42.26% | 0.09x | $204.84 Million |
| Abits Group Inc. (ABTS) | $6.57 Million | -41.72% | 0.18x | $4.62 Million |
| Argentex Group PLC (AGXTF) | $43.40 Million | -3.00% | 2.61x | $4.51 Million |
| Sphere 3D Corp (ANY) | $40.32 Million | -58.05% | 0.24x | $4.44 Million |
| Argo Blockchain PLC (ARBKF) | $27.19 Million | -15.14% | 0.01x | $2.16 Million |
| Arcane Crypto AB (ARCNF) | $-17.00K | 0.00% | 0.00x | $1.38 Million |