Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 2293

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 7A
Chunk 2293
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going forward; the Company’s ability to profitably liquidate its digital currency inventory as required; historical prices of digital
currencies and the ability of the Company to mine digital currencies on the cloud will be consistent with historical prices; and there
will be no regulation or law that will prevent the Company from operating its business. The Company has also assumed that no significant
events occur outside of the Company’s normal course of business. Although the Company believes that the assumptions inherent in
the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue
reliance should not be put on such information due to the inherent uncertainty therein.

F-45

Item 9. Changes in and Disagreements with Accountants on Accounting
and Financial Disclosure

None.

Item
9A. Controls and Procedures 

(a) Disclosure Controls and Procedures

Our management, with the participation of our
chief executive officer (CEO) and chief financial officer (CFO), has performed an evaluation of the effectiveness of our disclosure controls
and procedures (as defined in Rule 13a-15(c) under the Securities Exchange Act of 1934 (the “Exchange Act”) as of the end
of the period covered by this report, as required by Rule 13a-15(b) under the Exchange Act.

Based upon that evaluation, our management has
concluded that, as of December 31, 2024, our disclosure controls and procedures were effective in ensuring that the information required
to be disclosed by us in the reports that we file and furnish under the Exchange Act was recorded, processed, summarized and reported,
within the time periods specified in the SEC’s rules and forms, and that the information required to be disclosed by us in the reports
that we file or submit under the Exchange Act is accumulated and communicated to our management, including our CEO and CFO, as appropriate,
to allow timely decisions regarding required disclosure.

(b) Management’s Report on Internal
Control Over Financial Reporting

Our management is responsible for establishing
and maintaining adequate internal control over financial reporting, as such term is defined in Exchange Act Rule 13a-15(f). Our internal
control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting
and the preparation of financial statements for external purposes in accordance with U.S. GAAP.

The Company’s internal control over financials reporting includes
those policies and procedures that:

●Pertain
to the maintenance of records that in reasonable detail accurately