Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 1273

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 2
Chunk 1273
---
 this report has been duly signed by the following persons on behalf of the Company and in the capacities and on the dates indicated.

    Signatures
     
    Title
     
    Date

    /s/ Sam Tabar
     
    Chief Executive Officer
     
    March 14, 2025
  
    Sam Tabar
     
    (Principal Executive Officer)

    /s/ Erke Huang
     
    Chief Financial Officer, Director and Secretary

    March 14, 2025
  
    Erke Huang
     
    (Principal Financial Officer, and Principal Accounting Officer)

    /s/ Zhaohui Deng
     
    Chairman of the Board of Directors
     
    March 14, 2025
  
    Zhaohui Deng

    /s/ Ichi Shih
     
    Director
     
    March 14, 2025
  
    Ichi Shih

    /s/ Jiashu (Bill) Xiong
     
    Director
     
    March 14, 2025
  
    Jiashu (Bill) Xiong

    /s/ Brock Pierce
     
    Director
     
    March 14, 2025
  
    Brock Pierce

120

565
287
1900000

72

Investment in Digital Future Alliance Limited (“DFA”)
DFA is a privately held company, over which the Company neither has control nor significant influence through investment in ordinary shares. The Company accounted for the investment in DFA using the measurement alternative at cost, less impairment, with subsequent adjustments for observable price changes resulting from orderly transactions for identical or similar investments of the same issuer.
For the years ended December 31, 2024 and 2023, the Company did not record upward adjustments or downward adjustments on the investment. The Company’s impairment analysis considers both qualitative and quantitative factors that may have a significant effect on the fair value of the equity security. As of December 31, 2024 and 2023, the Company did not recognize impairment against the investment security.
Investment in Nine Blocks Offshore Feeder Fund (“Nine Blocks”)
On August 1, 2022, the Company entered into a subscription agreement with Nine Blocks for investment of $2.0 million. The investment includes a direct investment into the Nine Blocks Master Fund, a digital assets market neutral fund using basis trading, relative value, and special situations strategies.