Bit Digital (Bit Digital) Construction In Progress : $55.26 Mil (As of Dec. 2023)

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What is Bit Digital Construction In Progress?

Bit Digital's quarterly construction in progress declined from Jun. 2023 ($5.57 Mil) to Sep. 2023 ($2.70 Mil) but then increased from Sep. 2023 ($2.70 Mil) to Dec. 2023 ($55.26 Mil).

Bit Digital's annual construction in progress declined from Dec. 2021 ($43.10 Mil) to Dec. 2022 ($2.60 Mil) but then increased from Dec. 2022 ($2.60 Mil) to Dec. 2023 ($55.26 Mil).

Bit Digital Construction In Progress Historical Data

The historical data trend for Bit Digital's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Bit Digital Construction In Progress Chart

Bit Digital Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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0.11

1.33

43.10

2.60

55.26

Bit Digital Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Construction In Progress	Get a 7-Day Free Trial															2.60	2.61	5.57	2.70	55.26

Bit Digital Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Bit Digital (Bit Digital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bit Digital Inc (NAS:BTBT) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

BTBT:Mexico

Address

33 Irving Place, New York, NY, USA, 10003

Website

https://www.bit-digital.com

Bit Digital Inc is engaged in the Bitcoin mining business. Its mining platform operates with the primary intent of accumulating bitcoin which may sell for fiat currency from time to time depending on market conditions. It generates revenue from cryptocurrency mining.