How did Bit Digital's revenue and expenses shift in Q4 2024 compared to previous quarters?

Bit Digital's revenue and expenses in Q4 2024 showed a significant increase in both categories compared to the previous quarter, Q3 2024.

1. Revenue Shift:
   • In Q4 2024, the company's total revenue reached $108.05 million.
   • This is a notable increase from the previous quarter, Q3 2024, where the revenue was $81.95 million.
2. Expense Shift:
   • Similarly, the total expenses for Q4 2024 were $30.29 million.
   • This figure is higher than the expenses in Q3 2024, which were $59.24 million.
3. Comparison with Q2 and Q3:
   • When compared to Q2 2024, both revenue and expenses were lower. Revenue was $59.24 million and expenses were $81.95 million in Q3 2024.
   • This indicates a substantial increase in both revenue and expenses from Q2 to Q4 2024.

The data suggests that Bit Digital experienced a strong growth period in Q4 2024, with both revenue and expenses reaching higher levels than in the preceding quarters. This could be indicative of operational expansion, increased efficiency, or strategic initiatives taken by the company during this time.