Bit Digital(BTBT) - 2024 Q4 - Annual Results

Financial Performance - Total revenue for fiscal year 2024 was $108.1 million, a 141$58.6 million for fiscal year 2024, a 32% increase year-over-year[6] - Cloud services revenue was $45.7 million for 2024, compared to nil in the prior year[6] - Adjusted EBITDA was$73.0 million for fiscal year 2024, up from $12.4 million in fiscal year 2023[6] Cash and Liquidity - The Company had cash, cash equivalents, and restricted cash of$98.9 million, with total liquidity of approximately $260.7 million as of December 31, 2024[6] Acquisitions and Investments - The acquisition of Enovum Data Centers in October 2024 was completed for CAD$62.8 million (approximately USD $46 million)[8] - The Company expects to invest approximately$19.3 million to develop a new data center site in Pointe-Claire, QC, expected to be operational by June 2025[8] Bitcoin Production - The Company earned 949.9 bitcoins during fiscal year 2024, a 37% decrease from the prior year[6] Sustainability - Approximately 85% of the fleet's run-rate electricity consumption was generated from carbon-free energy sources as of December 31, 2024[8] Contracts and Revenue Projections - The Company signed a Master Services Agreement with Boosteroid, projected to generate approximately $4.6 million in revenue over five years[8]