Company: BTBT
Filing Date: 2025-06-25
Form Type: 8-K
Source: 0001213900-25-057847
Chunk: 1

Company: Bit Digital, Inc
Filing Date: 2025-06-25
Form: 8-K
Item: Item 8.01
Chunk 1
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The
Company has commenced a strategic alternatives process for its bitcoin mining operations that is expected to result in their sale or
wind-down, with any net proceeds to be re-deployed into ETH. As of March 31, 2025, the Company held 417.6 bitcoin, valued at approximately
at approximately $34.5 million based on then-prevailing market prices.

Successfully implementing this strategy
may present organizational and infrastructure challenges, and the Company may not be able to fully implement or realize the intended benefits
of its strategy. There can be no assurance that the Company will be successful in implementing its new business strategy. In addition,
moving to a new business strategy may result in a loss of established efficiency, which may have a negative impact on the Company’s
business. The Company may also face an increased amount of competition as we attempt to expand and grow its business, which may negatively
impact its results of operations, cash flows and financial condition.

Safe Harbor Statement

This Current Report on Form 8-K (this
“ Current Report”) may contain certain “forward-looking statements” relating to the business of the Company, and
its subsidiary companies. All statements, other than statements of historical fact included herein are “forward-looking statements.”
These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “intends,”
“expects,” or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that
the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and
these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak
only as of the date of this Current Report. The Company’s actual results could differ materially from those anticipated in these
forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that
are filed with the Securities and Exchange Commission and available on its website at http://www. sec. gov. All forward-looking statements
attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as
required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Item
9.01. Financial Statements and Exhibits.

(d) Exhibits

  Exhibit No.      Description                                                                                                  
         99.1      Press Release, dated June 25, 2025, relating to WhiteF