secwatch.observer — SEC 8-K summary
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Issuer:     Bit Digital, Inc (BTBT)
CIK:        0001710350
Form:       8-K
Filed at:   2025-09-29T23:59:59+00:00
Accession:  0001213900-25-093092
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bit Digital prelim revenue $20-22M for Aug 2025; HPC data center timelines extended
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- Preliminary revenue for two months ended Aug 31, 2025: $20.1-22.2M; cost of revenue $8.2-9.0M.
- Cash and equivalents as of Aug 31, 2025: $163.7-173.9M.
- WhiteFiber's MTL-2 expansion delayed to H1 2026; MTL-3 expected Q4 2025; NC-1 revenue start May 2026.
- Updated risk factors highlight early-stage HPC business, competition, energy curtailment, AI adoption uncertainty, and capital needs for NC-1 buildout.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1710350/000121390025093092/0001213900-25-093092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1710350/000121390025093092/ea0259157-8k_bitdigital.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-093092

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer