223 results
10-Q
2024 Q1
BTCT
BTC Digital Ltd.
15 May 24
Quarterly report
4:23pm
For the Three Months Ended of March 31, | ||||||||||
Note | 2023 | 2024 | ||||||||
US$’000 | US$’000 | |||||||||
Revenues | 907 | 2,650 | ||||||||
Cost of revenues | (1,250) | (2,778) | ||||||||
Gross loss | (343) | (128) | ||||||||
Operating expenses: | ||||||||||
Selling and marketing expenses | (128) | (35) | ||||||||
General and administrative expenses | (529) | (906) | ||||||||
Loss from operations | (1,000) | (1,069) | ||||||||
Other income (expenses): | ||||||||||
Realized gain on exchange of digital assets | 51 | 330 | ||||||||
Interest expenses | (30) | (6) | ||||||||
Equity in income on equity method investments | - | 15 | ||||||||
Others expenses, net | (1) | (1) | ||||||||
Loss before income tax | (980) | (731) | ||||||||
Income tax expense | 9 | - | - | |||||||
Net loss | (980) | (731) | ||||||||
Net loss per share-Basic | 11 | (0.83) | (0.30) | |||||||
Net loss per share- Diluted | (0.83) | (0.30) | ||||||||
Weighted average shares used in calculating net loss per share | ||||||||||
- Basic | 1,173,662 | 2,440,706 | ||||||||
- Diluted | 1,173,662 | 2,440,706 |
10-Q
2024 Q1
BTCT
BTC Digital Ltd.
15 May 24
Quarterly report
4:23pm
For the three months ended March 31, 2024, the Company generated bitcoins primarily through mining services. The following table presents additional information about bitcoins for the years ended December 31, 2023 and for the three months ended March 31, 2024, respectively:
As of December 31, | As of March 31, | |||||||
2023 | 2024 | |||||||
US$’000 | US$’000 | |||||||
Opening balance | 91 | 436 | ||||||
Receipt of bitcoins from mining services | 2,882 | 672 | ||||||
Exchange of BTC into USDT | (2,537) | (386) | ||||||
Ending balance | 436 | 722 |
10-Q
2024 Q1
BTCT
BTC Digital Ltd.
15 May 24
Quarterly report
4:23pm
As of December 31, | As of March 31, | |||||||||
Note | 2023 | 2024 | ||||||||
US$’000 | US$’000 | |||||||||
Shareholders’ equity | ||||||||||
Ordinary shares (US$0.06 par value; 25,000,000 shares authorized; 2,097,535 and 2,610,785 shares issued outstanding as of December 31, 2023 and March 31, 2024) | 13 | 121 | 139 | |||||||
Additional paid-in capital | 205,920 | 207,487 | ||||||||
Accumulated deficit | (186,599) | (187,330) | ||||||||
Total equity attributable to shareholders of the Company | 19,442 | 20,296 | ||||||||
Total shareholders’ equity | 19,442 | 20,296 | ||||||||
Total liabilities and shareholders’ equity | 24,543 | 24,582 |
10-Q
2024 Q1
BTCT
BTC Digital Ltd.
15 May 24
Quarterly report
4:23pm
Basic and diluted net loss per share for each of the years presented are calculated as follow:
For the Three Months Ended March 31, | ||||||||
2023 | 2024 | |||||||
(in thousands of US$, except share data and per share data) | ||||||||
(Losses)/income per share—basic | ||||||||
Numerator: | ||||||||
Net loss available to shareholders of the Company - basic and diluted | (980) | (731) | ||||||
Denominator | ||||||||
Weighted average number of ordinary shares - basic | 1,173,662 | 2,440,706 | ||||||
Effect of dilutive securities | - | - | ||||||
Dilutive effect of non-vested shares | 1,173,662 | 2,440,706 | ||||||
Denominator for diluted net loss per share | ||||||||
Losses per share— basic | (0.83) | (0.30) | ||||||
Losses per share—diluted | (0.83) | (0.30) |
10-Q
2024 Q1
BTCT
BTC Digital Ltd.
15 May 24
Quarterly report
4:23pm
As of December 31, | As of March 31, | |||||||
2023 | 2024 | |||||||
USD’000 | USD’000 | |||||||
Amounts due to related parties | ||||||||
Current | ||||||||
- Mr. Guo Yupeng | 290 | 290 | ||||||
- Mr. Zhao Jishuang | 1,952 | 1,722 | ||||||
- Met Chain Co.,Limited | 1,814 | 1,811 | ||||||
Total | 4,056 | 3,823 |
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