Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 1227

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 2
Chunk 1227
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 outstanding share options.

F-34

The following table summarizes the share option
activities for the years ended December 31, 2024, 2023 and 2022:

     Number of  Options   Weighted  Average  Grant  Date Fair value   Weighted  Average  Remaining  Contract  Life (in years)                  Options outstanding on January 1, 2022   —    —    —   Granted   355,000   $2.67    4.20   Forfeited   (21,875)   1.13    —   Expired   —    —    —   Exercised   —    —    —   Options outstanding on December 31, 2022   333,125   $2.77    4.22   Granted   40,000    3.20    4.53   Forfeited   (6,250)   1.13    —   Expired   —    —    —   Exercised   (1,875)   1.13    —   Options outstanding on December 31, 2023   365,000   $2.85    3.35   Exercised   (5,000)   2.72    —   Options outstanding on December 31, 2024   360,000   $2.85    2.35   Vested and exercisable on December 31, 2024   336,667   $2.84    2.30   Vested and expected to vest on December 31, 2024   360,000   $2.85    2.35  

Other share-based compensation

In January 2024, the Company modified an existing
two-year service agreement with a consulting firm by granting an additional 500,000 RSUs, which vested immediately. Over the duration
of the service period specified in the amendment, the Company will recognize additional share-based compensation expenses aggregating
to $1.5 million based upon the closing