Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 1256

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 2
Chunk 1256
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 has with us and all other facts and circumstances our board deemed relevant
in determining their independence.

Section 16(a) Beneficial Ownership Reporting
Compliance

Section 16(a) of the Exchange Act requires our
directors and executive officers and persons who beneficially own more than ten percent of a registered class of the Company’s equity
securities to file with the SEC initial reports of ownership and reports of changes in ownership of common stock and other equity securities
of the Company. Officers, directors and greater than ten percent beneficial shareholders are required by SEC regulations to furnish us
with copies of all Section 16(a) forms they file. The Company was a foreign private issuer in 2024 and became a domestic issuer beginning
January 1, 2025, therefore it didn’t have an obligation to comply with Section 16(a) during the year ended December 31, 2024. The
Company intends to comply with Section 16(a) for the year ending December 31, 2025.

Code of Ethics

We have adopted a code of ethics that applies
to all of our executive officers, directors and employees. The code of ethics codifies the business and ethical principles that govern
all aspects of our business. A copy of our Code of Ethics has previously been filed as an exhibit with the SEC.

110

Item 11. Executive Compensation

Summary Compensation Table

The table below summarizes all compensation awarded
to, earned by, or paid to both to our officers and to our directors for all services rendered in all capacities to us for our fiscal year
ended December 31, 2024 and 2023.

SUMMARY COMPENSATION TABLE 

    Name and Principal Position 
    Year  
    Salary  
    Cash Bonus  
    Stock Awards  
    Stock Based Comp (7)  
    Non-Equity Incentive Plan Comp  
    Paid Deferred Comp Earnings  
    All Other Comp  
    Total 
  
    Bryan Bullett, previously CEO(1) 
    2024  
    $312,000  
     -  
     150,000(4) 
    $505,500  

    $817,500 

    2023  
    $1,125,000  
     -  
     -  
     -  

    $1,125,000 
  
    Erke Huang, CFO and