Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 2657

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 10
Chunk 2657
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 Inc.(8) 
        
      %
  
    50 Hudson Yards New York, New York 10001 
     9,723,977  
     5.3 

*Less
than 1% of issued and outstanding shares.

(1)Unless
otherwise noted, the business address of each of the following entities or individuals is c/o Bit Digital, Inc., 31 Hudson Yards, Floor
11, New York, New York 10001.

(2)Applicable
percentage of voting securities prior to the date of this report is based on 182,435,019 Ordinary Shares outstanding and 1,000,000 Preference
Shares, each with fifty (50) votes, or an aggregate of 50,000,000 voting securities as of March 7, 2025, together with securities exercisable
or convertible into Ordinary Shares within sixty (60) days as of such date for each shareholder.

(3)Erke
Huang (through Even Green Holdings Limited) and Zhaohui Deng are the beneficial owners of 300,000 and 700,000 Ordinary Shares, respectively,
issuable upon the conversion of 1,000,000 Preference Shares owned by Geney Development Limited (“GDL”), a BVI entity, located
at 4th Floor Waters Edge Building, Meridian Plaza, Road Town, Tortola VG1110, British Virgin Islands. The Company’s
Amended and Restated Articles of Association (the “AOA”), filed in the Cayman Islands on or about April 30, 2021, provides
that (i) all Preference Shares are convertible into Ordinary Shares on a one-for-one basis and (ii) for all Company matters
requiring the vote of Members by a poll or by proxy, each Preference Share shall carry the equivalent number of votes as 50 Ordinary
Shares, or an aggregate of 50,000,000 votes, which are equal to approximately 27.4% of the 182,435,019 issued and outstanding shares
as of March 7, 2025 or approximately 21.5% of the Voting Securities, including the Preference Shares.

115

(4)Includes
a total of 1,795,000 Ordinary Shares issued under restricted stock units (“RSUs”) granted in 2025, 2024 and 2023 pursuant
to his employment agreement.

(5)Represents
30,000 Ordinary Shares issued