← Research LibraryThe BriefFY2025 20-F · headline figures audited against SEC data
BTC Digital grew revenue in FY2025, but cash burn and a going-concern warning now dominate the story.
The read at a glance✓ Audited against SEC data
- Business — Bitcoin mining, machine resale and rentalNote
- Revenue — $14.0M, +20.3%OK
- Net income — Net loss $9.1MWatch
- FCF — Negative $13.8MWatch
- Liquidity — Going-concern uncertaintyWatch
- Insiders — 0 purchases / 0 salesNote
Business
BTC Digital is a Cayman Islands issuer primarily engaged in bitcoin mining, with additional revenue from mining-machine resale and rental operations.
Latest filings
- 6-K · Company announcement (foreign filer)2026-09-02
- 6-K · Company announcement (foreign filer)2026-07-06
- 6-K · Company announcement (foreign filer)2026-05-28
- 20-F · Annual report (foreign filer)2026-05-11
- 6-K · Company announcement (foreign filer)2026-04-27
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about BTC Digital Ltd., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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