Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 397

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1
Chunk 397
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 issued an audit report on management’s assessment of internal control over financial reporting as of December
31, 2024. The report of Audit Alliance LLP is included below under the heading “Report of Independent Registered Public Accounting
Firm on Internal Control over Financial Reporting”.

(c) Changes in Internal Control over
Financial Reporting 

In October 2024, we acquired 100% of the equity
interests of Enovum. The Company has not yet completed an assessment of the design and/or operating effectiveness of Enovum’s internal
control over financial reporting. As part of our ongoing integration activities, we are incorporating our controls and procedures into
these recently acquired businesses.

Other than those changes made in connection with
the acquisitions of Enovum, there have been no changes in our internal controls over financial reporting during the quarter ended December
31, 2024 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

104

Report of Independent Registered Public Accounting
Firm

To the shareholders and board of directors of
Bit Digital, Inc.

Opinion on Internal Control over Financial
Reporting 

We have audited the internal control over financial
reporting of Bit Digital, Inc. and its subsidiaries (the “Company”) as of December 31, 2024, based on criteria established
in Internal Control — Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission
(COSO). In our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December
31, 2024, based on criteria established in Internal Control —Integrated Framework (2013) issued by COSO.

We have also audited, in accordance with the standards
of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated financial statements as of December 31, 2024
and 2023 and for each of the three years in the period ended December 31, 2024, of the Company and our report dated March 14, 2025 expressed
an unqualified opinion thereon.

Basis of Opinion 

The Company’s management is responsible
for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over
financial reporting, included in the accompanying Management’s Report on Internal Control over Financial Reporting. Our responsibility
is to express an opinion on the Company’s internal control over financial reporting based on our audit. We are a