Company: BTBT
Filing Date: 2025-07-29
Form Type: 8-K
Source: 0001213900-25-068436
Chunk: 0

Company: Bit Digital, Inc
Filing Date: 2025-07-29
Form: 8-K
Item: Item 2.02
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Item 2.02 Results of Operations and Financial
Condition.

On July 29, 2025, WhiteFiber,
Inc. (“ WhiteFiber”), a subsidiary of Bit Digital, Inc. (the “ Company”), filed with the Securities and Exchange
Commission (the “ SEC”) an amendment to its registration statement on Form S-1 (the “ Registration Statement”).
The Registration Statement included both WhiteFiber’s preliminary estimated revenue and cost of revenue (exclusive of depreciation)
for the three months ended June 30, 2025. Based upon preliminary estimated financial results, WhiteFiber expects preliminary unaudited
revenue and unaudited cost of revenue for the three months ended June 30, 2025 will be approximately $17.7 million to $19.6 million and
$6.7 million to $7.4 million respectively.

The unaudited revenue and
unaudited cost of revenue for the three months ended June 30, 2025 reflects WhiteFiber’s preliminary estimates with respect to such
results based on currently available information and is subject to completion of its financial closing procedures. WhiteFiber’s
financial closing procedures for the three months ended June 30, 2025 are not yet complete and, as a result, its actual results may vary
from the estimated preliminary results presented here.

WhiteFiber is a provider of
artificial intelligence (“ AI”) infrastructure solutions. WhiteFiber owns high-performance computing (“ HPC”) data
centers and provides cloud-based HPC graphics processing units services for customers such as AI application and machine learning developers.

The preliminary estimates
presented herein have been prepared by, and are the responsibility of, management. Audit Alliance LLP, our independent registered public
accounting firm, has not audited, reviewed, compiled, or performed any procedures with respect to the preliminary financial information.
Accordingly, Audit Alliance LLP does not express an opinion or any other form of assurance with respect thereto.

The information contained in this Item 2.02 is
being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended
(the “ Exchange Act”), or otherwise subject to the liabilities under that section, or incorporated by reference in any filing
under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such
a filing.

Forward-Looking Statements