Company: BTBT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110383
Chunk: 263

Company: Bit Digital, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 2
Chunk 263
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 and realization
of deferred tax assets. We continue to evaluate these estimates and assumptions that we believe to be reasonable under the circumstances.
We rely on these evaluations as the basis for making judgments about the carrying values of assets and liabilities that are not readily
apparent from other sources. Since the use of estimates is an integral component of the financial reporting process, actual results could
differ from those estimates as a result of changes in our estimates. Some of our accounting policies require higher degrees of judgment
than others in their application. We believe critical accounting policies as disclosed in this release reflect the more significant judgments
and estimates used in preparation of our unaudited condensed consolidated financial statements. For a summary of significant accounting
policies, refer to Note 2. Summary of Significant Accounting Policies in our Notes to Unaudited Condensed Consolidated Financial
Statements included elsewhere herein. 

Item
3. Quantitative and Qualitative Disclosures about Market Risk.

Not
applicable. A smaller reporting company is not required to provide the information required by this Item.

Item
4. Controls and Procedures.

Evaluation
of Disclosure Controls and Procedures

Our
management, with the participation of our Principal Executive Officer and our Principal Financial Officer, has evaluated the effectiveness
of our disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of the
end of the period covered by this Quarterly Report to ensure that the information required to be disclosed by the Company in the reports
that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in
SEC rules and forms, and that information required to be disclosed in the reports we file or submit under the Exchange Act is accumulated
and communicated to our management, including our Principal Executive Officer and Principal Financial Officer, to allow timely decisions
regarding required disclosures.

Based
on this evaluation, our management, with the participation of our Principal Executive Officer and our Principal Financial Officer, concluded
that our disclosure controls and procedures were effective at the reasonable assurance level as of the end of the period covered by this
report.

Management
recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving
their objectives and management necessarily applies its judgment in conducting a cost-benefit analysis of possible controls and procedures.

Changes
in Internal Control over Financial Reporting

In
October 2024, we acquired 100% of