BTC Digital Ltd. delayed its Form 20-F filing for the fiscal year ending December 31, 2025. The company requires additional time to complete financial statements and finalize independent audits. Management expects to submit the filing within the 15-day extension period.
Preliminary unaudited figures show anticipated revenue growth of approximately 20% compared to 2024.
The company projects a 2025 net loss between $8.5 million and $9.5 million. This estimate marks a significant increase from the $2.0 million loss reported in the prior year. Higher operating expenses, business development spending, and professional fees primarily caused the wider loss.