Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 376

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1
Chunk 376
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    Awarded and unvested as of December 31, 2024 
     1,025,968  
    $3.13 

For the years ended December 31, 2024, 2023, and
2022, the Company recognized share-based compensation expenses of $9,786,234, $8,681,373 and $1,935,948 in connection with the above RSU
awards. As of December 31, 2024, the Company had $2,995,425 unrecognized compensation costs related to unvested RSUs.

Share Options

The Company recognizes compensation expenses related
to options on a straight-line basis over the vesting periods. For the years ended December 31, 2024, 2023, and 2022, the Company recognized
share-based compensation expenses of $228,355, $437,438 and $326,743, respectively. As of December 31, 2024, there were unrecognized compensation
costs of $54,420 related to all outstanding share options.

F-34

The following table summarizes the share option
activities for the years ended December 31, 2024, 2023 and 2022:

     Number of  Options   Weighted  Average  Grant  Date Fair value   Weighted  Average  Remaining  Contract  Life (in years)                  Options outstanding on January 1, 2022   —    —    —   Granted   355,000   $2.67    4.20   Forfeited   (21,875)   1.13    —   Expired   —    —    —   Exercised   —    —    —   Options outstanding on December 31, 2022   333,125   $2.77    4.22   Granted   40,000    3.20    4.53   Forfeited   (6,250)   1.13    —   Expired   —    —    —   Exercised   (1,875)   1.13    —   Options