Company: BTBT
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001213900-25-030356
Chunk: 32

Company: Bit Digital, Inc
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 32
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. 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-onebasis and (ii) for all Company matters requiring the vote of Members by a poll or by proxy, each Preference Share shall carry 50 votes per Preference Share, or an aggregate of 50,000,000 votes, which are equal to approximately 27.4% of the 182,758,017 issued and outstanding Shares as of April 3, 2025 or approximately 21.5% of the Voting Securities, including the Preference Shares. (4)As disclosed in Schedule 13G/A filed by Black Rock 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 Ordinary Shares of Bit Digital, Inc. is more than five percent of the total outstanding common Ordinary Shares.

21 RELATED PARTY TRANSACTIONS See “Executive Compensation” for information concerning employment agreements entered into with each of the Company’s executive officers: Erke Huang, Chief Financial Officer, and Sam Tabar, current Chief executive Officer and former Chief Strategy Officer, and Bryan Bullet, our former Chief Executive Officers. WhiteFiber Iceland ehf appointed Daniel Jonsson as its part -timeChief Executive Officer starting November 7, 2023, for a six -monthterm with a three -monthprobation. 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 -basedRSUs. 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 WhiteFiber Iceland ehf. Additionally, Bit Digital Iceland ehf has contracted GreenBlocks ehf for consulting services pertaining to our specialized cloud infrastructure services in Iceland. As of December 31, 2023, the Company owed $21,592 to Daniel for salary and bonus, and $160,000 to GreenBlocks ehf for services rendered