Company: BTBT
Filing Date: 2025-08-08
Form Type: 8-K
Source: 0001213900-25-073702
Chunk: 1

Company: Bit Digital, Inc
Filing Date: 2025-08-08
Form: 8-K
Item: Item 8.01
Chunk 1
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 relate to WhiteFiber;  

  o       certain third-party vendor contracts for services primarily related to WhiteFiber;  

  o       rights to technology, software and intellectual property primarily related to WhiteFiber;  

  o       exclusive rights to information exclusively related to WhiteFiber and nonexclusive rights to information related to WhiteFiber;  

  o       rights and assets expressly allocated to WhiteFiber’s subsidiaries pursuant to the terms of the Transition Services Agreement  

  o       permits used by WhiteFiber; and  

  o       other assets that are included in WhiteFiber’s pro forma balance sheet, as set forth in the Registration Statement;  

  liabilities primarily related to, or included on the balance sheet of, WhiteFiber, which are referred to as “ WhiteFiber’s  

  all of the assets and liabilities (including whether accrued, contingent, or otherwise) other than the WhiteFiber Assets and WhiteFiber  

Except as expressly set forth in the Contribution
Agreement or any ancillary agreement, neither WhiteFiber nor the Company makes any representation or warranty as to (1) the assets,
business or liabilities transferred or assumed as part of the Contribution, (2) any approvals or notifications required in connection
with the transfers, (3) the value of or the freedom from any security interests of any of the assets transferred, (4) the absence
or presence of any defenses or right of setoff or freedom from counterclaim with respect to any claim or other asset of either WhiteFiber
or the Company, or (5) the legal sufficiency of any assignment, document or instrument delivered to convey title to any asset or
thing of value to be transferred in connection with the Reorganization. All assets were transferred on an “as is,” “where
is” basis, and the respective transferees will bear the economic and legal risks that any conveyance will prove to be insufficient
to vest in the transferee good and marketable title, free and clear of all security interests, and that any necessary consents or governmental
approvals are not obtained or that any requirements of laws, agreements, security interests or judgments are not complied with.

The Contribution Agreement is filed as Exhibit
99.1 to this Current Report on Form 8-K, and the foregoing description thereof is qualified in its entirety by reference to the full text
of the Contribution Agreement and the terms of which are incorporated by reference herein.

Transition Services Agreement

In addition, prior to the consummation of the