BTC Digital (BTCT) Operating Expenses (2018 - 2024)
BTC Digital's (BTCT) quarterly Operating Expenses came in at -$2.8 million in Q4 2024, down 107.5% on a YoY basis from $37.2 million in Q1 2024, and down 1093.95% quarter-over-quarter from $281000.0 in Q3 2024.
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Analysis
BTC Digital (BTCT) Operating Expenses (2018 - 2024) Analysis & Trends
BTC Digital (BTCT) has reported Operating Expenses for 7 consecutive years, with -$2.8 million the latest figure, recorded in Q4 2024.
- For the quarter ending Q4 2024, Operating Expenses fell 107.5% year-over-year to -$2.8 million; the trailing twelve-month figure through Dec 2024 stood at -$2.1 million (down 151.74% YoY), and the FY2025 full-year result was -$5.6 million, down 102.29% from the prior year.
- Operating Expenses declined to -$2.8 million in Q4 2024 per BTCT's latest filing, from $281000.0 in the prior quarter.
- Across five years, Operating Expenses topped out at $23.4 million in Q1 2021 and bottomed at -$38.4 million in Q3 2020.
- Historically, Operating Expenses has averaged -$3.9 million across 5 years, with a median of $6000.0 in 2024.
- The widest YoY moves for Operating Expenses: up 387.99% in 2020, down 4194.3% in 2020.
- Over 5 years, Operating Expenses stood at $19.7 million in 2020, then slumped by 210.2% to -$21.7 million in 2021, then soared by 96.68% to -$721000.0 in 2022, then plunged by 86.69% to -$1.3 million in 2023, then tumbled by 107.5% to -$2.8 million in 2024.
- According to Business Quant data, Operating Expenses over the past three periods registered -$2.8 million, $281000.0, and $414000.0 for Q4 2024, Q3 2024, and Q2 2024 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 56.68 Bn | 56.34 Bn | 40.81 Mn | 52.67 Mn |
| 2 | Iren | 35.52 Bn | 27.95 Bn | 103.89 Mn | 128.25 Mn |
| 3 | Hut 8 | 12.16 Bn | 5.68 Bn | 48.04 Mn | 78.04 Mn |
| 4 | Riot Platforms | 8.98 Bn | 8.43 Bn | 84.97 Mn | 413.67 Mn |
| 5 | Argo Blockchain | 5.95 Bn | 5.95 Bn | - | - |
| 6 | MARA Holdings | 5.06 Bn | 4.70 Bn | - | 695.95 Mn |
| 7 | Cleanspark | 3.72 Bn | 3.51 Bn | - | 370.41 Mn |
| 8 | Bitdeer Technologies | 3.06 Bn | 2.59 Bn | -8.53 Mn | -93.21 Mn |
| 9 | Keel Infrastructure | 2.47 Bn | 2.47 Bn | -86.75 Mn | 31.31 Mn |
| 10 | BTC Digital | 12.28 Mn | 8.53 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2024 | -2.79 Mn |
| Sep 30, 2024 | 281,000.00 |
| Jun 30, 2024 | 414,000.00 |
| Mar 31, 2024 | 6,000.00 |
| Dec 31, 2023 | -1.35 Mn |
| Sep 30, 2023 | 153,000.00 |
| Jun 30, 2023 | 332,000.00 |
| Mar 31, 2023 | 30,000.00 |
| Dec 31, 2022 | -721,000.00 |
| Jun 30, 2021 | -21.73 Mn |
| Mar 31, 2021 | 23.40 Mn |
| Dec 31, 2020 | 19.71 Mn |
| Aug 31, 2020 | -38.36 Mn |
| Jun 30, 2020 | -19.29 Mn |
| Mar 31, 2020 | -19.15 Mn |
| Dec 31, 2019 | 4.04 Mn |
| Sep 30, 2019 | 1,997.36 |
| Jun 30, 2019 | 1.91 Mn |
| Mar 31, 2019 | 467,655.91 |
| Dec 31, 2018 | 2.14 Mn |
API Access
BTC Digital Operating Expenses 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=operating-expenses&ticker=BTCT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=BTCT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();