Company: BTBT
Filing Date: 2025-08-08
Form Type: 8-K
Source: 0001213900-25-073702
Chunk: 2

Company: Bit Digital, Inc
Filing Date: 2025-08-08
Form: 8-K
Item: Item 8.01
Chunk 2
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Offering, the Company entered into a transition services agreement (the “ Transition Services Agreement”) with WhiteFiber,
pursuant to which the Company will provide certain services to WhiteFiber, on a transitional basis. The Transition Services Agreement
provides for the performance of certain services by the Company for the benefit of WhiteFiber, or in some cases certain services provided
by WhiteFiber for the benefit of the Company, for a limited period of time after the Offering. The services to be provided will include
financial reporting, tax, legal, human resources, information technology, insurance and other general and administrative functions. All
services are to be provided at cost, except if otherwise agreed to. WhiteFiber estimates that the average fees payable by WhiteFiber to
the Company will be approximately $155,000 per month, exclusive of shared based compensation expense.

The Transition Services Agreement will terminate
on the expiration of the term of the last service provided under it, which will generally be up to 24 months following the Contribution.

Each party will indemnify each other for any
material breach of the Transition Services Agreement or any gross negligence, willful misconduct, fraud, or bad faith in the provision
of their respective services. The Transition Services Agreement also provides that neither company shall be liable to the other for any
indirect, exemplary, incidental, consequential, remote, speculative, punitive or similar damages.

The Transition Services Agreement is filed as
Exhibit 99.2 to this Current Report on Form 8-K, and the foregoing description thereof is qualified in its entirety by reference to the
full text of the Transition Services Agreement and the terms of which are incorporated by reference herein.