Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 0

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 8
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Item 8. Financial Statements and Supplementary
Data

  Report of Independent Public Accounting Firm (PCAOB ID # 3487)   F-2  Audited Consolidated Financial Statements      Consolidated Balance Sheets as of December 31, 2024 and 2023   F-4  Consolidated Statements of Operations and Comprehensive Income (Loss) for the years ended December 31, 2024, 2023 and 2022   F-5  Consolidated Statements of Equity for the years ended December 31, 2024, 2023 and 2022   F-6  Consolidated Statements of Cash Flows for the years ended December 31, 2024, 2023 and 2022   F-7  Notes to Consolidated Financial Statements   F-8 

F-1

Report
of Independent Public Accounting Firm

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

Opinion on the Financial Statements

We have audited the accompanying consolidated
balance sheets of Bit Digital, Inc. and its subsidiaries (collectively, the “Company”) as of December 31, 2024 and 2023, the
related consolidated statements of operations and comprehensive income (loss), shareholders’ equity, and cash flows for each of
the three years in the period ended December 31, 2024, and the related notes to the consolidated financial statements and schedule (collectively,
the financial statements). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial
positions of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the three
years in the period ended December 31 2024, in conformity with accounting principles generally accepted in the United States of America.

We have also audited, in accordance with the standards
of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company’s internal control over financial reporting 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 and our report dated March 14, 2025, expressed an unqualified opinion on the Company’s internal
control over financial reporting.

Basis for Opinion

These consolidated financial statements are the
responsibility of the Company’s management. Our responsibility is to express an