Company: BTBT
Filing Date: 2025-04-15
Form Type: 8-K
Source: 0001213900-25-032132
Chunk: 1

Company: Bit Digital, Inc
Filing Date: 2025-04-15
Form: 8-K
Item: Item 1.01
Chunk 1
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, sublease
and assignments, destruction of property as well as representations and warranties by each party, indemnification and events of tenant’s
default. In case of default which has not been cured within the applicable cure period, landlord will have those rights and remedies available
to it at law, including the right to claim damages. In addition, at the option of landlord, the lease may be ipso facto terminated without
judicial proceedings or arbitration, and landlord, to the extent permitted by Law, may immediately enter and repossess the Property and
expel all persons from the Property and may take possession of all property from the Property and store (but not sell) it in a public
warehouse or elsewhere at the cost of tenant.

Enovum is also obligated to obtain an irrevocable
letter of credit issued by a Canadian chartered bank or other Canadian financial institution acceptable to landlord, in the amount of
$3,000,000.00, as guarantee of payment and performance obligations.

The foregoing summary of the MTL-3 Lease Agreement
does not purport to be complete and is subject to, and qualified in its entirety by the MTL-3 Lease agreement dated April 10, 2025, attached
as Exhibit 10.1 to this Current Report on Form 8-K, which is incorporated herein by reference.

Additionally, a press release dated
April 11, 2025 announcing the transaction is attached hereto as Exhibit 99.1 and incorporated herein by reference. Exhibit 99.1 is being
furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor
shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly
set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.