Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 1805

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 5
Chunk 1805
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, of any court of competent jurisdiction, permanently
or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities.

●Being
found by a court of competent jurisdiction (in a civil action), the Commission or the Commodity Futures Trading Commission to have violated
a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated.

●Having
any government agency, administrative agency, or administrative court impose an administrative finding, order, decree, or sanction against
them as a result of their involvement in any type of business, securities, or banking activity.

●Being
the subject of a pending administrative proceeding related to their involvement in any type of business, securities, or banking activity.

●Having
any administrative proceeding been threatened against you related to their involvement in any type of business, securities, or banking
activity.

Board Committees

Currently, three committees have been established
under the board: the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee. Each of the committees
of the Board has the composition and responsibilities described below.

The Audit Committee is responsible for overseeing
the accounting and financial reporting processes of our company and audits of the financial statements of our company, including the appointment,
compensation and oversight of the work of our independent auditors. The Compensation Committee reviews and makes recommendations to the
board regarding our compensation policies for our officers and all forms of compensation, and also administers our incentive compensation
plans and equity-based plans (but our board retains the authority to interpret those plans). The Nominating Committee is responsible for
the assessment of the performance of the board, considering and making recommendations to the board with respect to the nominations or
elections of directors and other governance issues. The Nominating Committee considers diversity of opinion and experience when nominating
directors.

Audit Committee

The Audit Committee is responsible for, among
other matters:

●appointing,
compensating, retaining, evaluating, terminating, and overseeing our independent registered public accounting firm;

●discussing
with our independent registered public accounting firm the independence of its members from its management;

108

●reviewing
with our independent registered public accounting firm the scope and results of their audit;

●approving
all audit and permissible non-audit services to be performed by our independent registered public accounting firm;

●overseeing
the financial reporting process and discussing with management and our independent registered public accounting firm the interim and
annual