Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 1116

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 2
Chunk 1116
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Item 2. Properties

Our principal executive office is located at 31
Hudson Yards, 11th Floor, New York, New York, United States 10001. The lease for our principal executive office is for a term
ending July 31, 2027, with a monthly rental of $13,861.

Enovum maintains a 64,642 square foot data center
located at 3195 de Bedford Road, Montreal, Quebec, H3S, IGS. The lease was first entered into on March 19, 2020 and last amended on March
25, 2022. The lease is for a term of 15 years and nine months ending on May 31, 2036, unless terminated earlier. The lease has been two
five-year renewal options, from June 1, 2036 to May 31, 2041 and from June 1, 2041 until May 31, 2046. The base rent started at $13,467,
is currently $32,321 until May 31, 2025 and increases to $42,394 by the end of the lease. Additional rent is Enovum’s proportionate
share of operating costs and of real estate taxes, as well as an administrative fee equal to 15% of Enovum’s proportionate share
of operating costs. The lease is secured by a letter of credit in the amount of CAD $600,000. 

On December 27, 2024, Enovum acquired a 160,000
square foot facility at 7300 Trans-Canada Highway, City of Point-Claire, Quebec, Canada. The property was purchased for CAD $33.5 million
(approximately USD $23.3 million) and was purchased with cash on hand.

We have one office in Hong Kong located at Room
1913 on a leased premise at Fortune Commercial Building, 362 Sha Tsui Road, Tsuen Wan, Hong Kong. The lease is for a term ending on May
31, 2025, with a monthly rental of $300.

We have one office in Singapore located at CapitaSpring,
88 Market Street, Level 21, Singapore, 048948. This lease is for a term ending on August 31, 2025, with a monthly rental of SGD $4,650
(approximately USD $3,500).

We have one office in Reykjavik, Iceland, located