Company: BTBT
Filing Date: 2025-06-09
Form Type: CORRESP
Source: 0001213900-25-052675
Chunk: 3

Company: Bit Digital, Inc
Filing Date: 2025-06-09
Form: CORRESP
Chunk 3
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 result, please address the following:                                                           |

| o | Tell us, and represent to us that you will disclose                                                                                    
 in future filings, the time period over which the mining pool operator calculates the bitcoin consideration due you. This period often 
 is daily from 00:00:00 UTC to 23:59:59 UTC.                                                                                            |

Mr. David
Irving
Mr. Mark Brunhofer
June 9, 2025
Page 4

Response:

The Company acknowledges and agrees with the Staff’s
comment that the mining pool operator calculates the bitcoin consideration due to the Company over a 24-hour period beginning 00:00:00
UTC and ending 23:59:59 UTC on a daily basis.

| o | Represent to us, if true, that the difference                                                                                             
 between the fair value used to record revenue on the date of receipt as compared to a time consistently applied on the day before receipt 
 (i.e., the date of contract inception consistent with the requirement in ASC 606-10-32-21) is immaterial in all periods presented         
 in your filing.                                                                                                                           |

| Response: |

The Company has evaluated the difference between
the fair value used to record revenue on the date of receipt as compared to a time consistently applied on the day before receipt (i.e.,
the date of contract inception consistent with the requirement in ASC 606-10-32-21), using Coinbase pricing, and has concluded the difference
is immaterial. The total differences for the years ended December 31, 2022, 2023 and 2024 were approximately $(138,070), $216,571 and
294,160, respectively.

| o | Revise your practice going forward to value your                                        
 bitcoin mined at the fair value at a consistent time on the date of contract inception. |

| o | Represent to us that in future filings you will: |

| ■ | disclose the specific consistent time chosen to value bitcoin mined on the date of contract 
 inception;                                                                                  |

Response:

The Company acknowledges and agrees with the Staff’s
comment and will revise its practice going forward to value its bitcoin mined at the fair value at 00:00:00 UTC on the date of contract
inception and make such disclosure accordingly.

| ■ | remove reference                                                                                                      
 to recording bitcoin mined at the time of receipt and that it is not materially different than at contract inception; 
 and                                                                                                                   |

Response:

The Company acknowledges and agrees with the Staff’s
comment