BTC Digital (BTCT) Research & Development (2018 - 2024)
BTC Digital's (BTCT) quarterly Research & Development came in at -$355000.0 in Q4 2024, down 57.78% on a YoY basis from -$840789.5 in Q1 2024, and down 663.49% quarter-over-quarter from $63000.0 in Q3 2024.
Powered by 
Analysis
BTC Digital (BTCT) Research & Development (2018 - 2024) Analysis & Trends
BTC Digital (BTCT) has reported Research & Development for 6 consecutive years, with -$355000.0 the latest figure, recorded in Q4 2024.
- For the quarter ending Q4 2024, Research & Development fell 57.78% year-over-year to -$355000.0; the trailing twelve-month figure through Dec 2024 stood at -$196000.0 (down 625.93% YoY), and the FY2025 full-year result was -$585000.0, down 64.79% from the prior year.
- Research & Development eased to -$355000.0 in Q4 2024 per BTCT's latest filing, from $63000.0 in the prior quarter.
- Across five years, Research & Development topped out at $128000.0 in Q1 2023 and bottomed at -$19.7 million in Q3 2020.
- Historically, Research & Development has averaged -$5.8 million across 4 years, with a median of -$355000.0 in 2024.
- The sharpest annual moves came in 2020 and 2024: Research & Development jumped 40.9% in 2020, then tumbled 72.66% in 2024.
- Over 4 years, Research & Development stood at -$12.9 million in 2020, then gained by 7.5% to -$11.9 million in 2021, then jumped by 98.12% to -$225000.0 in 2023, then plunged by 57.78% to -$355000.0 in 2024.
- According to Business Quant data, Research & Development over the past three periods registered -$355000.0, $63000.0, and $61000.0 for Q4 2024, Q3 2024, and Q2 2024 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 56.68 Bn | 56.34 Bn | 40.81 Mn | - |
| 2 | Iren | 35.52 Bn | 27.95 Bn | 103.89 Mn | - |
| 3 | Hut 8 | 12.16 Bn | 5.68 Bn | 48.04 Mn | - |
| 4 | Riot Platforms | 8.98 Bn | 8.43 Bn | 84.97 Mn | - |
| 5 | Argo Blockchain | 5.95 Bn | 5.95 Bn | - | - |
| 6 | MARA Holdings | 5.06 Bn | 4.70 Bn | - | 7.17 Mn |
| 7 | Cleanspark | 3.72 Bn | 3.51 Bn | - | - |
| 8 | Bitdeer Technologies | 3.06 Bn | 2.59 Bn | -8.53 Mn | -36.05 Mn |
| 9 | Keel Infrastructure | 2.47 Bn | 2.47 Bn | -86.75 Mn | - |
| 10 | BTC Digital | 12.28 Mn | 8.53 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2024 | -355,000.00 |
| Sep 30, 2024 | 63,000.00 |
| Jun 30, 2024 | 61,000.00 |
| Mar 31, 2024 | 35,000.00 |
| Dec 31, 2023 | -225,000.00 |
| Jun 30, 2023 | 70,000.00 |
| Mar 31, 2023 | 128,000.00 |
| Jun 30, 2021 | -11.95 Mn |
| Mar 31, 2021 | -10.75 Mn |
| Dec 31, 2020 | -12.92 Mn |
| Aug 31, 2020 | -19.74 Mn |
| Jun 30, 2020 | -10.03 Mn |
| Mar 31, 2020 | -9.69 Mn |
| Dec 31, 2019 | -16.48 Mn |
| Sep 30, 2019 | -14.12 Mn |
| Jun 30, 2019 | -16.97 Mn |
| Mar 31, 2019 | -16.08 Mn |
| Dec 31, 2018 | -15.86 Mn |
API Access
BTC Digital Research & Development 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=research-and-development&ticker=BTCT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=BTCT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();