Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 1901

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 6
Chunk 1901
---
3 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 opinion on the Company’s financial statements
based on our audit. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company
in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission
and the PCAOB.

We conducted our audits in accordance with the
standards of the PCAOB. Those standards require that we plan and perform