Company: BTBT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076608
Chunk: 13

Company: Bit Digital, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 13
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Bit Digital HPC, Inc.) (“WF HPC”) was incorporated to support the Company’s cloud services in the United States. WhiteFiber
HPC, Inc. is 100% owned by WhiteFiber AI, Inc. which is 100% owned by the Company.

On August 15, 2024, WhiteFiber, Inc. (f/k/a Celer,
Inc.) (“WhiteFiber”) was incorporated to support the Company’s generative artificial intelligence (“AI”)
workstreams. As of June 30, 2025, WhiteFiber was 100% owned by the Company.

On October 11, 2024, the Company completed the
acquisition of Enovum Data Centers Corp (“Enovum”), a Montreal-based owner, operator, and developer of HPC data centers. Enovum
Data Centers Corp is 100% owned by WhiteFiber which, as of June 30, 2025, was 100% owned by the Company.

On March 11, 2025, WhiteFiber Canada, Inc. (“WF
Canada”) was incorporated to support the Company’s generative AI workstreams in Canada. WF Canada is 100% owned by WhiteFiber
AI, Inc., which, as of June 30, 2025, was 100% owned by the Company.

On May 7, 2025, Enovum NC-1 BIDCO, LLC (“Enovum
NC”) was incorporated to support the HPC data centers workstreams in North Carolina. Enovum NC is 100% owned by WhiteFiber, which,
as of June 30, 2025, was 100% owned by the Company.

On May 22, 2025, WhiteFiber Japan GK (“WF
Japan”) was incorporated to support the Company’s generative AI workstreams in Japan. WF Japan is 100% owned by WhiteFiber
AI, Inc., which, as of June 30, 2025, was 100% owned by the Company.

5

The accompanying unaudited condensed consolidated
financial statements reflect the activities of the Company and each of the following entities:

  Name   Background   Ownership  Bit Digital USA, Inc. (“BT USA”)   ● A United States company   100% owned by Bit Digital, Inc.      ● Incorporated on September 1, 2020          ● Engaged in digital asset