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Big Digital Energy, Inc. Liquidation Value Calculator

Big Digital Energy, Inc.

Current Price: N/A

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Every XBRL tag from SEC EDGAR filings, grouped by financial statement type. total = may include children, fact = independent leaf value.

Balance Sheet

TagValueUnit
accounts_receivable
Other Receivables total
OtherReceivables
$9.64M USD
cash
Cash And Cash Equivalents At Carrying Value total
CashAndCashEquivalentsAtCarryingValue
$13.27M USD
AI Insight · Cash of $13.3 million at December 31, 2025 increased from $6.1 million at December 31, 2024, driven primarily by $14.6 million in ATM equity proceeds offset by operating cash outflow of $6.9 million and minimal investing activity. Cash recovers at 100% in liquidation and is the most meaningful asset in the recovery stack. However, the company burned $6.9 million in operating cash during 2025 against a liability stack of $60.6 million, indicating that the current cash position would be consumed within roughly 24 months at the 2025 burn rate without additional equity raises or debt resolution.
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents total
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
$13.27M USD
current_liabilities
Accrued Liabilities Current total
AccruedLiabilitiesCurrent
$2.27M USD
Finance Lease Liability Current total
FinanceLeaseLiabilityCurrent
$176,707 USD
Long Term Debt Current total
LongTermDebtCurrent
$25.18M USD
AI Insight · All $25.2 million of outstanding loans are classified as current, comprising Marshall ($12.6 million, matured February 2024, no payments since May 2023), Celsius ($10.8 million, matured August 2023, subject to consent judgment), W Capital ($1.7 million, matured March 2023), and convertible notes ($0.2 million). Every facility is in default or past maturity. In liquidation, these obligations settle at face value with accruing default interest rates of 14-28%, meaning the balance grows daily without any scheduled repayment mechanism. The Marshall loan is secured by assets held by the deconsolidated MIG No.1 entity; any recovery from those assets reduces the corporate guarantee exposure, but the amount and timing are indeterminate.
Operating Lease Liability Current total
OperatingLeaseLiabilityCurrent
$1.40M USD
Other Liabilities Current total
OtherLiabilitiesCurrent
$1.70M USD
Other Liabilities Current total
OtherLiabilitiesCurrent
$2.50M AUD
finance_lease_liability
Finance Lease Liability total
FinanceLeaseLiability
$176,707 USD
Finance Lease Liability Current fact
FinanceLeaseLiabilityCurrent
$176,707 USD
liabilities_current
Liabilities Current total
LiabilitiesCurrent
$58.84M USD
AI Insight · Current liabilities of $58.8 million substantially exceed current assets of $27.5 million, producing a working capital deficit of approximately $31.3 million. Nearly all of the loan obligations ($25.2 million) are current due to defaults. This current-liability concentration means that in any liquidation, substantially the entire liability stack accelerates immediately with no structural subordination benefit to the estate. The going-concern pressure is acute given that current liabilities represent 97% of total liabilities.
liabilities_total
Liabilities total $60.56M USD
long_term_debt
Long Term Debt total
LongTermDebt
$25.18M USD
operating_lease_liability
Operating Lease Liability total
OperatingLeaseLiability
$3.12M USD
AI Insight · Total operating lease liability of $3.1 million (current $1.4 million, non-current $1.7 million) reflects three US facility leases: Midland PA (8 acres, renewed September 2024 for 36 months with renewal options), Bellefonte PA (9,918 sq ft, amended November 2025 for 7 years 7 months), and Corning OH (64,600 sq ft, 5-year term). In liquidation, ASC 842 lease liabilities do not automatically extinguish; the remaining undiscounted obligations total $3.7 million through 2030. The Bellefonte lease renewal significantly extends the non-current tail. Early termination penalties or obligations under these leases would represent additional claims against the estate beyond the present-value liability.
Operating Lease Liability Current fact
OperatingLeaseLiabilityCurrent
$1.40M USD
Operating Lease Liability Noncurrent fact
OperatingLeaseLiabilityNoncurrent
$1.72M USD
shares_outstanding
Common Stock Shares Outstanding total
CommonStockSharesOutstanding
939,618 shares
Unmapped Tags (141)
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
$9.64MUSD
AI Insight · Net receivables of $9.6 million (trade receivables $9.6 million, net of zero provision versus a $200,000 provision at December 31, 2024) represent amounts due from digital colocation customers. The year-over-year decline from $15.2 million reflects both collections and the loss of the Celsius colocation relationship. The filing notes customer concentration risk explicitly. At a 90-95% liquidation recovery rate, this line contributes approximately $8.7-9.1 million. The release of the $200,000 provision without stated justification warrants scrutiny given the contested customer environment.
Accounts Payable Other Current
AccountsPayableOtherCurrent
$21.80MUSD
Accounts Payable Trade Current
AccountsPayableTradeCurrent
$32.08MUSD
AI Insight · Total trade and other payables of $32.1 million represent the largest single liability cluster, comprising trade payables ($21.8 million), deferred income ($3.4 million), tax payables ($3.9 million), accrued expenses ($2.3 million), and employee payables ($0.7 million). In liquidation these settle at face value. The $7.3 million decline from $39.4 million at December 31, 2024 is primarily driven by deferred income reduction ($10.6 million to $3.4 million, a $7.6 million decrease), partially offset by modest increases in trade payables. Tax payables of $3.9 million remain elevated and are a priority claim in most jurisdictions. The residual deferred income of $3.4 million represents a liability for services not yet rendered; in liquidation this is a claim by customers.
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
$98.76MUSD
Additional Paid In Capital
AdditionalPaidInCapital
$248.97MUSD
Assets
Assets
$57.44MUSD
Assets Current
AssetsCurrent
$27.49MUSD
Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
$571,024USD
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
$0USD/shares
Common Stock Shares Authorized
CommonStockSharesAuthorized
$90.00Mshares
Common Stock Shares Issued
CommonStockSharesIssued
$3.62Mshares
Common Stock Value
CommonStockValue
$3,617USD
Deconsolidation Revaluation Of Retained Investment Gain Or Loss Amount
DeconsolidationRevaluationOfRetainedInvestmentGainOrLossAmount
$233,906USD
Deferred Income Current
DeferredIncomeCurrent
$3.41MUSD
Deferred Offering Costs
DeferredOfferingCosts
$40.00MUSD
Deferred Tax Assets Gross
DeferredTaxAssetsGross
$31.50MUSD
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
$21.72MUSD
Deferred Tax Assets Other
DeferredTaxAssetsOther
$18,879USD
Deferred Tax Assets Unrealized Losses On Trading Securities
DeferredTaxAssetsUnrealizedLossesOnTradingSecurities
$313,730USD
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
$26.07MUSD
AI Insight · The deferred tax asset gross balance is $31.5 million, offset by a full valuation allowance of $26.1 million, yielding a net deferred tax liability of $0.3 million. The gross DTA includes $21.7 million of NOL carryforwards (federal NOLs of $84.2 million, state NOLs of $110.6 million) and $5.5 million of stock-based compensation. Management has concluded these will more likely than not go unrealized. In liquidation, DTAs have zero recovery value. The large NOL balance also has not been tested under IRC Section 382 for ownership-change limitations, adding uncertainty to any going-concern tax planning value.
Deferred Tax Liabilities
DeferredTaxLiabilities
$318,980USD
Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
$868,955USD
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
$4.02MUSD
Derivative Assets Current
DerivativeAssetsCurrent
$3.48MUSD
AI Insight · The Level 3 derivative asset (power supply agreement with Energy Harbor, Midland PA, through December 2026) is carried at $3.5 million fair value, up from $2.9 million at December 31, 2024. The valuation uses a 20% discount rate above terminal observable inputs plus unobservable qualitative adjustments. In liquidation, this asset's realizability depends on assignment or settlement of the PSA contract, which requires counterparty consent and has no independent secondary market. Recovery would likely be zero to minimal in a liquidation scenario, as the value is contingent on continued facility operation and energy market conditions.
Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
$3.48MUSD
Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
$444,426USD
Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
$8,309USD
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
$411,188USD
Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
$-26,268USD
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
$540,025USD
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
$57.44MUSD
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
$3.24MUSD
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
$121.34MUSD
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
$22.58MUSD
AI Insight · Net PP&E of $22.6 million (down from $28.1 million at December 31, 2024) represents the largest asset after cash. Gross PP&E is $121.3 million with $98.8 million accumulated depreciation (81% depreciated). The dominant gross category is processing machines/miners at $77.4 million gross, carried at near-zero net book value given the 2-year straight-line life policy. Modular data centers ($22.1 million gross, 5-year declining balance) and plant/equipment ($10.4 million gross, 10-year straight-line) constitute most of the remaining net carrying value. At a 50-70% liquidation haircut on net book value, recovery is approximately $11-16 million—materially below the $22.6 million book value. Miner hardware in particular is highly correlated to Bitcoin network economics and secondary market liquidity; actual recovery on miners is likely well below 50% of already-depreciated book value.
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
$-252.45MUSD
Stockholders Equity
StockholdersEquity
$-3.12MUSD
AI Insight · Reported stockholders' equity is negative $3.1 million at December 31, 2025, compared to a year-earlier deficit that was deeper given the $14.6 million ATM proceeds. The accumulated deficit stands at negative $252.5 million. Before liquidation haircuts on assets, the entity is already technically insolvent on a book basis. Additional paid-in capital of $249.0 million reflects the cumulative equity raises that have sustained operations but have not overcome the liability burden. The 1-for-20 reverse stock split effective November 20, 2025 is a cosmetic capital structure event with no liquidation value impact.
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
$-3.12MUSD
Taxes Payable Current
TaxesPayableCurrent
$3.87MUSD
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
$4.60MUSD
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
$8.98MUSD
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
$7.18MUSD
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
$-318,163USD
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
$5.74MUSD
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
$5.50MUSD
Depreciation And Amortization
DepreciationAndAmortization
$5.60MUSD
Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
$0pure
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
$185,016USD
Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
$185,016USD
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
$444,426USD
Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
$-1.08MUSD
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
$-4.48MUSD
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
$-1.22MUSD
Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
$-7.32MUSD
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
$-10,605USD
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
$3.66MUSD
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
$1.73MUSD
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
$173,796USD
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
$167,112USD
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
$160,685USD
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
$1.43MUSD
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
$14.19MUSD
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
$-109,690USD
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
$-6.90MUSD
Operating Lease Payments
OperatingLeasePayments
$1.68MUSD
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
$148,950USD
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
$14.64MUSD
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
$39,260USD
Share Based Compensation
ShareBasedCompensation
$8.98MUSD
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
$70,000shares
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
$11USD/shares
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
$105,021shares
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
$70,000shares
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
$11USD/shares
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
$28USD/shares
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
$8.98MUSD
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
$365,450USD
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
$1.01Mshares
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
$-23.49MUSD
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
$-23.49MUSD
Cost Of Revenue
CostOfRevenue
$22.41MUSD
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
$288,087USD
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
$330,689USD
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
$42,602USD
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
$-318,163USD
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
$1.53MUSD
Earnings Per Share Basic
EarningsPerShareBasic
$-20USD/shares
Earnings Per Share Diluted
EarningsPerShareDiluted
$-20USD/shares
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
$0pure
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
$0pure
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
$-0pure
Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
$0pure
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
$0pure
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
$0pure
Finance Lease Interest Expense
FinanceLeaseInterestExpense
$54,660USD
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
$0pure
Gross Profit
GrossProfit
$17.34MUSD
Income Loss Attributable To Parent
IncomeLossAttributableToParent
$23.64MUSD
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
$23.70MUSD
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
$-23.64MUSD
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
$12,526USD
Income Tax Paid Federal After Refund Received
IncomeTaxPaidFederalAfterRefundReceived
$-25,905USD
Income Tax Paid State And Local After Refund Received
IncomeTaxPaidStateAndLocalAfterRefundReceived
$300USD
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
$5.15MUSD
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
$-4.97MUSD
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
$4,847USD
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
$-2,250USD
Interest Expense Nonoperating
InterestExpenseNonoperating
$3.37MUSD
Net Income Loss
NetIncomeLoss
$-23.66MUSD
Nonoperating Income Expense
NonoperatingIncomeExpense
$-4.35MUSD
Operating Expenses
OperatingExpenses
$36.64MUSD
Operating Income Loss
OperatingIncomeLoss
$-19.29MUSD
Operating Lease Expense
OperatingLeaseExpense
$1.75MUSD
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
$1.31MUSD
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
$0pure
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
$166,825USD
Other Noncash Expense
OtherNoncashExpense
$3.35MUSD
Other Nonoperating Expense
OtherNonoperatingExpense
$77,904USD
Other Nonoperating Income
OtherNonoperatingIncome
$357,849USD
Prepaid Expense Current
PrepaidExpenseCurrent
$3.68MUSD
Revenues
Revenues
$39.75MUSD
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
$22.65MUSD
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
$721,646USD
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
$5.60MUSD
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
$-590,126USD
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
$-1.26MUSD
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
$-1.08MUSD
Interest Paid Net
InterestPaidNet
$16,018USD
Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
$0pure
Loss Contingency Damages Paid Value
LossContingencyDamagesPaidValue
$8.10MUSD
Number Of Operating Segments
NumberOfOperatingSegments
$1Segment
Operating Loss Carryforwards
OperatingLossCarryforwards
$84.20MUSD
Profit Loss
ProfitLoss
$-23.66MUSD
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
$1.05MUSD
Security Deposit
SecurityDeposit
$651,763USD
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
$14.64MUSD
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
$590,126USD
CryptoAssetFairValueCurrent
CryptoAssetFairValueCurrent
$903,784USD
IndefiniteLivedContractualRights
IndefiniteLivedContractualRights
$110.60MUSD
LandSubjectToGroundLeases
LandSubjectToGroundLeases
$8acre
LongTermDebtAverageAmountOutstanding
LongTermDebtAverageAmountOutstanding
$12.60MUSD
StockIssuedDuringPeriodSharesReverseStockSplits
StockIssuedDuringPeriodSharesReverseStockSplits
$53,696shares

Showing balance sheet tags only. Liquidation analysis uses balance sheet data.

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