Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 1485

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 4
Chunk 1485
---
Item 4. Mine Safety Disclosures

None.

75

PART II

Item 5. Market for Registrant’s Common
Equity and Related Stockholder Matters and Issuer Purchases of Equity Securities

Market Information

We listed our Ordinary Shares on the Nasdaq Capital
Market under the former name of Golden Bull Limited and the symbol “DNJR” on March 19, 2018. On August 7, 2020, the Company
changed its Nasdaq trading symbol to “BTBT”. On September 10, 2020, we officially changed the Company’s name to “Bit
Digital, Inc.”

Holders of Our Common Stock

As of March 7, 2025, we had 182,435,019 ordinary
shares issued and outstanding, held by 124 stockholders of record and in excess of 67,000 additional holders of ordinary shares held in
“street name” by various broker-dealers and registered clearing agencies.

Dividends

We currently intend to retain all future earnings
to finance our operations and to expand our business. The 1,000,000 preference shares beneficially held by an officer and a director of
the Company are entitled to eight (8%) percent annual dividends if and when decided by the Board of Directors. On February 7, 2023, December
8, 2023, and December 20, 2024, the Board of Directors declared eight (8%) percent ($800,000) dividends on the preference shares to Geney
Development Ltd. (“Geney”) for the period ended December 31, 2022, 2023 and 2024. Erke Huang, our Chief Financial Officer,
is the President of Geney and the beneficial owner of thirty (30%) percent of the equity of Geney, with the remaining seventy (70%) percent
held by Zhao Hui Deng, the Company’s Chairman of the Board.

Penny Stock

The SEC has adopted rules that regulate broker-dealer
practices in connection with transactions in penny stocks. Penny stocks are generally equity securities with a market price of less than
$5.00, other than securities registered on certain national securities exchanges, provided that current price and volume information with
respect to transactions in such securities is provided by the exchange or system. While our ordinary shares are currently listed on the
Nasdaq Capital Market and not subject to the penny stock rules, should we not be able to maintain our listing on Nasdaq, the