Bit Digital, Inc.

BTBTpublicneocloud

GPU cloud / data centers

What this company owes, to whom, at what cost and when it comes due. Every figure is the one the company itself states. cohort: neocloud · verified 2026-09-28 How these figures are built →

Off the balance sheet

—

neither of its parts — leases signed but not commenced, unrecorded purchase obligations — carries a figure

how it is counted

what the filer owes that is not on its balance sheet at this date: leases not yet commenced plus unrecorded purchase obligations, counted once. A filer that reports the same figure under both (Meta, Alphabet, Equinix, Arm, Applied Digital, Astera Labs) has stated one fact twice, and offBalanceNote says so

Notes priced since 2024 · 1 →each tranche in the ledger as the company itself states it how it is counted principal in USD billions — native for USD, spot rate on the pricing date otherwise (fx recorded): $135M
Loans and credit facilities · 1 →as signed; the figure counts new facilities, the count amendments too how it is counted the commitment as the company states it — a ceiling for revolvers and delayed-draw facilities, not an amount drawn; new facilities only: an amendment restates a commitment already counted.: $100M
Debt due in 12 months →no five-year schedule read for this company how it is counted the company's own maturity schedule for all its long-term debt, as its latest report states it: principal due in the next twelve months, years two to five and after; USD billions: —
Long-term debt on the balance sheet →on its balance sheet at 2026-06-30 how it is counted long-term debt including its current portion, read line by line off the company's own balance sheet (ADR-0044), an asset manager's consolidated funds' debt apart where it is reported apart; its derivation says when the notes to the accounts gave a part, when the date came from the next report's prior-period column, or when finance leases sit inside a line: $362M
Cost of debt · 2026 Q2 →interest cover -1856.8× · capex over operating cash flow 3.67× how it is counted 4 × the quarter's interest cost ÷ average funded debt (borrowings + finance lease liabilities when the company states them apart; rateBasis says which) — interest cost is the interest expense plus the interest capitalised into what the company builds where it states that for the quarter; none when it states it only for a year in which it capitalised a tenth or more of its interest; interest expense under US GAAP includes finance-lease interest, so funded debt is the cleaner basis; a manager's consolidated VIEs' debt taken out of its debt line is added back where its interest expense pays for it: 0.05%
Sold at the market, four quarters to 2026-06-30 →26.9M shares, as the company states its own sales how it is counted sum of the quarterly rows of the company's own programmes in the twelve months to the newest quarter; 'quarters' says how many were found: $43.2M

When it comes due

Left, the company's own five-year schedule — not our arithmetic. Right, the notes (orange) and facilities (grey) since 2024 that we have placed by maturity year: notes in the ledger since 2024 plus loans as signed since 2024, summed by maturity year and company — recent borrowing only, not the whole balance sheet. Both are in the tables of question 4.

Its own schedule

None read.

Notes and facilities since 2024, by maturity year

2027 · facilities$100M

2030 · notes$135M

What has it committed to?

Obligations as the company states them — leases and purchase obligations as it reports them, long-term debt read off its balance sheet — each at the date it last stated it. The off-balance-sheet total is what it owes that its balance sheet does not carry.

Obligations as stated

3 rows


Long-term debt on the balance sheet	$362M	2026-06-30	long-term debt including its current portion, read line by line off the company's own balance sheet (ADR-0044), an asset manager's consolidated funds' debt apart where it is reported apart; its derivation says when the notes to the accounts gave a part, when the date came from the next report's prior-period column, or when finance leases sit inside a line
Lease liabilities on the balance sheet	$29M	2026-03-31	operating plus finance, discounted operating + finance lease liabilities
Lease payments due	$36M	2026-03-31	operating plus finance, undiscounted operating + finance undiscounted payments due

Obligations created, as announced

12 rows

The announcements that state an amount. Kind: the kind of commitment announced: a material definitive agreement entered into, or a direct financial obligation created. Instrument: the first financing phrase the announcement uses, if any.


2026-05-27	material definitive agreement	$150M	term loan	Bit Digital Capital, Inc., Venture, LLC, WhiteFiber, Inc., Topco, Inc., Bidco, LLC, Company LLC
2026-05-27	direct financial obligation	$150M	term loan	Bit Digital Capital, Inc., Venture, LLC, WhiteFiber, Inc., Topco, Inc., Bidco, LLC, Company LLC
2025-10-02	material definitive agreement	$150M	underwriting agreement	Bit Digital, Inc., Barclays Capital Inc., B. Riley Securities, Inc., U.S. Bank Trust Company
2025-10-02	direct financial obligation	$150M	underwriting agreement	Bit Digital, Inc., Barclays Capital Inc., B. Riley Securities, Inc., U.S. Bank Trust Company
2025-07-15	material definitive agreement	$67M	—	Bit Digital, Inc., B. Riley Securities, Inc., Ethereum. The Company
2025-06-27	material definitive agreement	$163M	underwriting agreement	Bit Digital, Inc., B. Riley Securities, Inc.
2025-06-25	material definitive agreement	$44M	credit agreement	WhiteFiber Inc., Royal Bank, Enovum Data Center Corp.
2025-06-25	direct financial obligation	$44M	credit agreement	WhiteFiber Inc., Royal Bank, Enovum Data Center Corp.
2025-05-23	material definitive agreement	$53M	financing	White Fiber, Inc., Bit Digital, Inc., Unifi Manufacturing Inc., Bidco, LLC, Enovum Data Centers Corp.
2025-04-16	material definitive agreement	$53M	purchase agreement	Bit Digital, Inc., Enovum Data Centers Corp., Unifi Manufacturing, Inc., Unifi, Inc.
2025-04-15	material definitive agreement	$55M	lease agreement	Bit Digital, Inc., Enovum Data Centers Corp.
2025-01-06	material definitive agreement	$34M	financing	Enovum Data Centers MTL II, L.P., Quebec. The Company

What has it borrowed, and at what cost?

Each note tranche in the ledger priced since 2024, as the company itself states it, and each credit facility as signed. Nothing is netted, nothing is estimated.

Notes priced since 2024

1 rows

one tranche of a public note offering, as its offering documents state it (and as the company's later reports repeat it). principal in USD billions — native for USD, spot rate on the pricing date otherwise (fx recorded); below it, the principal in its own currency.


2025-09-30	$135M	4%	2030	fixed	—

Loans and credit facilities as signed

1 rows

the commitment as the company states it — a ceiling for revolvers and delayed-draw facilities, not an amount drawn. new — a facility entered into; amendment — an increase, extension or repricing of an existing one, the amount being the new commitment as stated.


2026-05-27	delayed draw term loan “The Term Loan provides for loans in an aggregate principal amount of up to $100 million, which may be increased to $150 million (the “Facility Size”) upon mutual agreement of the parties.”	$100M	—	9.5% fixed	2027	Enovum NC-1 Venture, LLC

Cost of debt, from its own statements

Latest quarter, 2026 Q2: cost of debt 0.05%, interest cover -1856.8×, capex over operating cash flow 3.67×.

rate outside 0.5–15.0 % — the debt lines read may not hold all the debt; check them against the balance sheet

Cost of debt: 4 × the quarter's interest cost ÷ average funded debt (borrowings + finance lease liabilities when the company states them apart; rateBasis says which) — interest cost is the interest expense plus the interest capitalised into what the company builds where it states that for the quarter; none when it states it only for a year in which it capitalised a tenth or more of its interest; interest expense under US GAAP includes finance-lease interest, so funded debt is the cleaner basis; a manager's consolidated VIEs' debt taken out of its debt line is added back where its interest expense pays for it Interest cover: operating income ÷ interest expense. Capex over operating cash flow: cash purchases of PP&E ÷ operating cash flow; null when operating cash flow is not positive.

What equity has it sold?

Raises as announced, and shares actually sold under an at-the-market programme when the company states the period.

Equity and hybrid raises

1 rows

one equity or hybrid raise as the company announced it; the earliest announcement is the date; later reports that mention it are added as sources, never as new raises. At the market: an at-the-market program: sizeUsdB is the ceiling authorised, never an amount sold; sizeShares when the programme is sized in shares.


2025-10-02	convertible “(Nasdaq: BTBT) (“Bit Digital” or the “Company”) today announced the pricing of its upsized underwritten public offering (the “Offering”) of $135,000,000 aggregate principal amount of 4.00% convertible senior notes due 2030 (the “Notes”).”	$135M	4%	2030

At the market, as the company states its own sales

16 stated period(s) across 7 quarter(s) · last four quarters to 2026-06-30: 26.9M shares for $43.2M.

The last four quarters: sum of the quarterly rows of the company's own programmes in the twelve months to the newest quarter; 'quarters' says how many were found.

When does it come due, and who holds it?

The company's own five-year schedule, what we have placed by year from the notes and facilities since 2024, and the price the funds that hold its paper report.

No five-year debt maturity schedule is read for this company.

What we have placed by maturity year, since 2024

2 rows

notes in the ledger since 2024 plus loans as signed since 2024, summed by maturity year and company — recent borrowing only, not the whole balance sheet. sums of stated amounts; a loan with a year-only maturity ('N-year facility') sits in that year; nothing discounted, netted or estimated.


2027	—	$100M	0	1
2030	$135M	—	1	0

No fund-reported price for its paper. Fund holdings are matched only on identifiers the ledger already holds, so a tranche with no CUSIP in the ledger cannot be matched.

How does it compare?

The same twelve measures every company on the AI trade page carries, beside the median across them. Below each measure, the arithmetic behind it.

Twelve measures, beside the median

11 rows


Self-funding operating cash flow $-0.3B ÷ capex $0.5B over 4 quarters to 2026Q2	-0.57×	1.31× across 40 companies	2026Q2
Funding mix of $0.5B of capex over 4 quarters to 2026Q2: operations -57.2%, new debt 48.6% ($0.1B notes + $0.1B facilities), equity 36.8%	-57.2%	—	2026Q2
Off balance sheet (not-commenced leases + purchase obligations) ÷ (that + long-term debt)	— neither part stated	41.9% across 23 companies	2026-06-30
Committed facilities $0.1B committed across 1 new facilities, 0.28× the $0.4B of long-term debt on the balance sheet	$100M	—	2026-06-30
Marginal cost of debt principal-weighted coupon of $0.2B priced in the last twelve months; the book carries 0.05%, a gap of +6.29 points	6.34%	—	—
New-issue spread median of 1 USD tranches: coupon less the 10-year Treasury on each pricing date (range -16–-16 bp)	-16 bp	—	—
Floating-rate share $0.0B floating ($0.0B notes + $0.0B facilities off SOFR) ÷ $0.2B raised	0%	0% across 40 companies	—
Rate shock (+100 bp) floating balance × 100 bp	— no floating debt found	—	—
Secured share of new facilities $0.0B secured ÷ $0.1B committed; $0.1B does not say	0%	0% across 24 companies	—
Refinancing burden debt due within two years ÷ operating cash flow over four quarters	— the filer tags no maturity schedule	0.15× across 23 companies	—
Liquidity runway ($0.1B cash and equivalents as tagged — short-term investments are not included — + $0.1B committed) ÷ $0.1B a quarter of capex and interest, as of 2026Q2	1.5	—	2026Q2

Does our ledger explain its balance sheet?

Across 1 of 2 quarter(s) its debt rose $224M and the notes we hold for those quarters total $0M — 0% explained.

the change in the filer's own borrowings over a fiscal quarter, against the principal of the tranches our ledger says were priced inside that quarter; this is not a reconciliation to the penny and is not meant to be; we do not track repayments, draws under facilities, commercial paper or currency translation.