BTC Digital (BTCT) Cost of Revenue (2018 - 2024)
BTC Digital's (BTCT) quarterly Cost of Revenue came in at $11.6 million in Q4 2024, up 13.24% on a YoY basis from $10.2 million in Q1 2024, and up 309.93% quarter-over-quarter from $2.8 million in Q3 2024.
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Analysis
BTC Digital (BTCT) Cost of Revenue (2018 - 2024) Analysis & Trends
BTC Digital (BTCT) has reported Cost of Revenue for 7 consecutive years, with $11.6 million the latest figure, recorded in Q4 2024.
- For the quarter ending Q4 2024, Cost of Revenue rose 13.24% year-over-year to $11.6 million; the trailing twelve-month figure through Dec 2024 stood at $19.7 million (up 3.76% YoY), and the FY2025 full-year result was $17.2 million, up 48.79% from the prior year.
- Cost of Revenue advanced to $11.6 million in Q4 2024 per BTCT's latest filing, from $2.8 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $39.7 million in Q3 2020 and bottomed at $1.2 million in Q1 2023.
- Historically, Cost of Revenue has averaged $12.9 million across 5 years, with a median of $10.2 million in 2023.
- The widest YoY moves for Cost of Revenue: up 122.24% in 2024, down 58.61% in 2024.
- Over 5 years, Cost of Revenue stood at $23.3 million in 2020, then fell by 7.9% to $21.5 million in 2021, then sank by 53.12% to $10.1 million in 2022, then grew by 1.44% to $10.2 million in 2023, then gained by 13.24% to $11.6 million in 2024.
- According to Business Quant data, Cost of Revenue over the past three periods registered $11.6 million, $2.8 million, and $2.5 million for Q4 2024, Q3 2024, and Q2 2024 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 56.68 Bn | 56.34 Bn | 40.81 Mn | 5.73 Mn |
| 2 | Iren | 35.52 Bn | 27.95 Bn | 103.89 Mn | 33.34 Mn |
| 3 | Hut 8 | 12.16 Bn | 5.68 Bn | 48.04 Mn | 26.89 Mn |
| 4 | Riot Platforms | 8.98 Bn | 8.43 Bn | 84.97 Mn | 89.26 Mn |
| 5 | Argo Blockchain | 5.95 Bn | 5.95 Bn | - | - |
| 6 | MARA Holdings | 5.06 Bn | 4.70 Bn | - | - |
| 7 | Cleanspark | 3.72 Bn | 3.51 Bn | - | 85.48 Mn |
| 8 | Bitdeer Technologies | 3.06 Bn | 2.59 Bn | -8.53 Mn | 237.31 Mn |
| 9 | Keel Infrastructure | 2.47 Bn | 2.47 Bn | -86.75 Mn | 117.18 Mn |
| 10 | BTC Digital | 12.28 Mn | 8.53 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2024 | 11.56 Mn |
| Sep 30, 2024 | 2.82 Mn |
| Jun 30, 2024 | 2.54 Mn |
| Mar 31, 2024 | 2.78 Mn |
| Dec 31, 2023 | 10.21 Mn |
| Sep 30, 2023 | 1.39 Mn |
| Jun 30, 2023 | 6.14 Mn |
| Mar 31, 2023 | 1.25 Mn |
| Dec 31, 2022 | 10.06 Mn |
| Jun 30, 2021 | 21.47 Mn |
| Mar 31, 2021 | 20.72 Mn |
| Dec 31, 2020 | 23.31 Mn |
| Aug 31, 2020 | 39.74 Mn |
| Jun 30, 2020 | 19.21 Mn |
| Mar 31, 2020 | 20.49 Mn |
| Dec 31, 2019 | 28.24 Mn |
| Sep 30, 2019 | 28.32 Mn |
| Jun 30, 2019 | 27.51 Mn |
| Mar 31, 2019 | 25.59 Mn |
| Dec 31, 2018 | 24.60 Mn |
API Access
BTC Digital Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=BTCT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "BTCT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=BTCT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();