Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 1236

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 2
Chunk 1236
---
 also subject to examinations in other major foreign jurisdictions, including Singapore, Hong Kong,
Canada and Iceland, for all years beginning from the calendar year ended December 31, 2021. Currently we are not under audit from tax
authority in any of the jurisdictions, in which we operated.

Although it is reasonably possible that certain
unrecognized tax benefits may increase or decrease within the next twelve months due to tax examination changes, settlement activities,
expirations of statute of limitations, or the impact on recognition and measurement considerations related to the results of published
tax cases or other similar activities, we do not anticipated any significant changes to unrecognized tax benefits over the next 12 months.

16. EARNINGS (LOSS) PER SHARE

    For the Years Ended 
December 31, 

    2024  
    2023  
     2022 

    Net income (loss) 
    $28,305,810  
    $(13,893,281) 
    $(105,296,603)
  
    Weighted average number of ordinary share outstanding 

    Basic 
     140,346,322  
     87,534,052  
     78,614,174 
  
    Diluted 
     141,507,497  
     87,534,052  
     78,614,174 
  
    Income (loss) per share 

    Basic 
    $0.20  
    $(0.16) 
    $(1.34)
  
    Diluted 
    $0.19  
    $(0.16) 
    $(1.34)

Basic earnings (loss) per share is computed by
dividing net income (loss) attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during
the period. The computation of diluted net income reflects the potential dilution that could occur if securities or other contracts to
issue ordinary share were exercised or converted into ordinary shares or resulted in the issuance of ordinary shares that then shared
in the earnings of the entity. The computation of diluted net loss per share does not include dilutive ordinary shares equivalents in
the weighted average shares outstanding, as they would be anti-dilutive.

For the year ended December 31, 2024, the dilutive
effect of preferred shares, unvested options, and unvested RSUs were included in the calculation of diluted earnings per share. The warrants
were excluded from the calculation of diluted