Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 1268

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 2
Chunk 1268
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 to carry out its intended business plan. The Company paid
dividends of $800,000 to Geney on February 7, 2023, December 8, 2023 and December 20, 2024 for the fiscal years ending December 31, 2022,2023
and 2024, respectively, pursuant to its 1,000,000 Preferred Shares.

116

Item 14. Principal Accountant Fees and Services

The following table sets forth the aggregate fees
by categories specified below in connection with certain professional services rendered by our principal external auditors, for the periods
indicated.

    Year Ended December 31, 2023  
    Year Ended December 31, 2024 

    Audit fees(1) 
    $162,670  
    $304,300 
  
    Audit related fees(2) 
     13,003  
    $100,560 
  
    Tax fees(3) 
     -  

    All other fees(4) 
     -  

    Total 
    $175,673  
    $404,860 

The policy of our audit committee and our board
of directors is to pre-approve all audit and non-audit services provided by our principal auditors, including audit services, audit related
services, and other services as described above, other than those for de minimis services, which are approved by the audit committee or
our board of directors.

As defined by the SEC, (i) “audit fees”
are fees for professional services rendered by our principal accountant for the audit of our annual financial statements and review of
financial statements included in our Form 10-K, or for services that are normally provided by the accountant in connection with statutory
and regulatory filings or engagements for those fiscal years; (ii) “audit-related fees” are fees for assurance and related
services by our principal accountant that are reasonably related to the performance of the audit or review of our financial statements
and are not reported under “audit fees;” (iii) “tax fees” are fees for professional services rendered by our principal
accountant for tax compliance, tax advice, and tax planning; and (iv) “all other fees” are fees for products and services
provided by our principal accountant, other than the services reported under “audit fees,” “audit-related fees,”
and “tax fees.”

As the Company has a formal audit committee, the
services described above