GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bit Digital Inc (NAS:BTBT) » Definitions » Tax Rate %

Bit Digital (Bit Digital) Tax Rate % : 3.05% (As of Mar. 2024)


View and export this data going back to 2018. Start your Free Trial

What is Bit Digital Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Bit Digital's Tax Expense for the three months ended in Mar. 2024 was $1.58 Mil. Bit Digital's Pre-Tax Income for the three months ended in Mar. 2024 was $51.66 Mil. Therefore, Bit Digital's Tax Rate % for the quarter that ended in Mar. 2024 was 3.05%.

Bit Digital Tax Rate % Historical Data

The historical data trend for Bit Digital's Tax Rate % 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.

* Premium members only.

Bit Digital Tax Rate % Chart

Bit Digital Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only - - 135.49 0.56 -2.05

Bit Digital Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.45 -4.70 -1.46 -0.65 3.05

Bit Digital Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Bit Digital's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=0.279/-13.614
=-2.05 %

Bit Digital's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2024 )/Pre-Tax Income (Q: Mar. 2024 )
=1.577/51.659
=3.05 %

* 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.

Bit Digital Tax Rate % Related Terms

Thank you for viewing the detailed overview of Bit Digital's Tax Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.

Bit Digital (Bit Digital) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bit Digital Inc (NAS:BTBT) » Definitions » Tax Rate %
Comparable Companies
IREN TOP HGBL MDBH WULF CRKRD CURN GHL SIEB SRL MS GS SCHW SHSE:600030 ASX:MQG BSP:BPAC3 SHSE:601066 RJF TW HKSE:03908
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.