BTCT — what changed in the latest 10-Q
A section-by-section comparison of BTCT's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2024-11-14 vs the prior 10-Q · 2024-08-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +24 | −25 | ~13 | 22 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 0 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2024-11-14
Equity in income on equity method investments 5 (0.6) 50 2.0
Our total revenue increased by 202.84% from US$0.8 million in the three months ended of September 30, 2023 to US$2.6 million in the three months ended of September 30, 2024. This increase was primarily driven by gains in our mining machine resale and miner rental businesses, which contributed an add…
Our total cost of revenues increased by 103.46% from US$1.4 million in the three months ended of September 30, 2023 to US$2.8 million in the three months ended of September 30, 2024. This increase was primarily driven by the expansion of our mining machine resale business, which incurred additional …
As a result of the foregoing, our gross loss decreased by US$280 thousand, from US$541 thousand in the three months ended of September 30, 2023 to US$261 thousand in the three months ended of September 30, 2024. Our gross loss margin improved from 64% in the three months ended of September 30, 2023 …
Our selling and marketing expenses increased from nil in the three months ended of September 30, 2023 to US$63 thousand in the three months ended of September 30, 2024. The increase in selling expenses this quarter was primarily due to the addition of our mining machine resale business.
Text removed vs the prior filing · source: 10-Q · 2024-08-14
Our total revenue decreased by 63.5% from US$6.4 million in the three months ended of June 30, 2023 to US$2.3 million in the three months ended of June 30, 2024. This decrease was primarily due to a drop in both bitcoin mining and mining machines resale revenue compared to the same period last year.…
Our total cost of revenues decreased by 58.6% from US$6.1 million in the three months ended of June 30, 2023 to US$2.5 million in the three months ended of June 30, 2024. This decrease is largely consistent with the decline in bitcoin mining and mining machines resale, as the reduction in operations…
As a result of the foregoing, our gross profit decreased by US$0.4 million, from US$0.2 million in the three months ended of June 30, 2023 to negative US$0.2 million in the three months ended of June 30, 2024. Our gross profit margin decreased from 3.7% in the three months ended of June 30, 2023 to …
Our selling and marketing expenses decreased from US$70 thousand in the three months ended of June 30, 2023 to US$61 thousand in the three months ended of June 30, 2024. This decrease was mainly due to the decrease in the volume of mining machine resales during this period, which led to a correspond…
Our general and administrative expenses increased by 34.7% from US$0.3 million in the three months ended of June 30, 2023 to US$0.4 million in the three months ended of June 30, 2024. This increase was primarily due to the increase in the number of employees and daily office expenses resulting from …
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice