Company: BTBT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110383
Chunk: 99

Company: Bit Digital, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 99
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 Technology Co., Ltd (“MicroBT”), and other considerations, we have chosen to acquire miners on the spot market,
which can typically result in delivery within a relatively short time.

We
have signed service agreements with third-party hosting partners in North America and Iceland. These partners operate specialized mining
data centers, where they install and operate the miners and provide IT consulting, maintenance, and repair work on site for us. Our mining
facilities in New York are maintained by Digihost Technologies Inc. (“Digihost”). Our mining facilities in Texas are maintained
by Dory Creek, LLC, a subsidiary of Bitdeer Technologies Group (“Bitdeer”) and A.R.T. Digital Holdings Corp (“KaboomRacks”).
Soluna Computing, Inc and DVSL ComputeCo, LLC (collectively “Soluna”) maintained our mining facilities in Kentucky and Texas.
Our mining facility in Iceland is maintained by GreenBlocks ehf, an Icelandic private limited company (“GreenBlocks”).

From
time to time, the Company may change partnerships with hosting facilities to recalibrate its bitcoin mining operations. These terminations
are strategic, targeting reduced operational costs, enhanced energy efficiency for a smaller carbon footprint, increased flexibility
in operational control, and minimized geopolitical risks. While a short-term decrease in mining output might occur, we expect these changes
to yield long-term operational improvements.

We
are a sustainability-focused digital asset mining company. On June 24, 2021, we signed the Crypto Climate Accord, a private sector-led
initiative that aims to decarbonize the crypto and blockchain sectors. On December 7, 2021, we became a member of the Bitcoin Mining
Council (“BMC”), joining MicroStrategy and other founding members to promote transparency, share best practices, and educate
the public on the benefits of bitcoin and bitcoin mining.

49

Miner
Deployments

During
the three months ended September 30, 2025, we continued to work with our hosting partners to deploy our miners in North America and Iceland.

During
the first quarter of 2025, the Company deployed an additional 1,441 miners at one of Soluna’s hosting facilities.

During the
second quarter of 2025, the Company received an additional 1,720 miners, which were deployed in July 2025.

During
the third quarter of 2025, the Company received an additional 1,855 miners, of which 410 miners were deployed in July 2025 and 1,445