Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 2554

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 9B
Chunk 2554
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Us”) granted in 2025, 2024 and 2023 pursuant
to his employment agreement.

(5)Represents
30,000 Ordinary Shares issued under RSUs granted and vested in November 2024.

(6)Represents
80,000 Ordinary Shares issued under RSUs granted and vested pursuant to the Director Agreement under which Mr. Pierce is serving.

(7)These shares include 175,765 fully vested shares issued to Mr. Tabar
upon the exchange of RSUs granted under his previous consulting agreement and his employment agreement for his former CSO role. Since
assuming the CEO position on March 31, 2023, 1,245,000 shares issued to Mr. Tabar have been fully vested upon grant pursuant to his employment
agreements.

    (8)
    As disclosed in Schedule 13G filed by BlackRock Inc. on November 8, 2024, various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the ordinary shares of Bit Digital, Inc.  No one person’s interest in the common stock of Bit Digital, Inc. is more than five percent of the total outstanding ordinary shares.

Item 13. Certain Relationships and Related
Transactions, and Director Independence

See “Executive Compensation” for information
concerning employment agreements entered into with each of the Company’s executive officers: Bryan Bullet, our former Chief Executive
Officer, Erke Huang, Chief Financial Officer, and Sam Tabar, current Chief executive Officer and former Chief Strategy Officer.

WhiteFiber AI’s subsidiary, WhiteFiber Iceland
ehf, appointed Daniel Jonsson as its part-time Chief Executive Officer starting November 7, 2023, for a six-month term with a three-month
probation. After the initial term, the employment shall be automatically renewed for successive period(s) of 6 months each, unless agreed
otherwise by both parties in writing or unless terminated earlier. His compensation includes a monthly salary of $8,334, a $6,440 signing
bonus, and eligibility for performance-based RSUs. Concurrently, Daniel is part of the management team at GreenBlocks ehf which not only
provides bitcoin mining hosting services but also benefits from a facility loan agreement extended by Bit Digital USA Inc., an affiliate
of Bit Digital Iceland ehf. Additionally, Bit Digital Iceland ehf has contracted GreenBlocks ehf for consulting services pertaining to
our specialized cloud infrastructure services