Company: BTBT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044155
Chunk: 10

Company: Bit Digital, Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 10
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On October 11, 2024, the Company completed the
acquisition of Enovum Data Centers Corp, a Montreal-based owner, operator, and developer of HPC data centers. Enovum Data Centers Corp
is 100% owned by WhiteFiber, Inc. which is 100% owned by Bit Digital, Inc.

On March 11, 2025, WhiteFiber Canada, Inc. (“WF
Canada”) was incorporated to support the Company’s generative artificial intelligence (“AI”) workstreams in Canada.
WhiteFiber Canada, Inc. is 100% owned by WhiteFiber AI, Inc. which is 100% owned by Bit Digital, Inc.

The accompanying unaudited condensed consolidated
financial statements reflect the activities of the Company and each of the following entities:

  Name   Background   Ownership  Bit Digital USA, Inc. (“BT USA”)   ● A United States company   100% owned by Bit Digital, Inc.      ● Incorporated on September 1, 2020          ● Engaged in digital asset mining business                   Bit Digital Canada, Inc. (“BT Canada”)   ● A Canadian company   100% owned by Bit Digital, Inc.      ● Incorporated on February 23, 2021          ● Engaged in digital asset mining business          ● Dormant and previously engaged in digital asset mining-related business                   Bit Digital Hong Kong Limited (“BT HK”)   ● A Hong Kong company   100% owned by Bit Digital, Inc.      ● Acquired on April 8, 2020          ● Dormant and previously engaged in digital asset mining-related business                   Bit Digital Strategies Limited (“BT Strategies”)   ● A Hong Kong company   100% owned by Bit Digital, Inc.      ● Incorporated on June 1, 2021          ● Engaged in treasury management activities                   Bit Digital Singapore Pte. Ltd. (“BT Singapore”)   ● A Singapore company   100% owned by Bit Digital, Inc.      ● Incorporated on July 1, 2021          ● Engaged in digital asset staking activities                   Bit Digital Investment Management Limited (“BT IM”)   ● A British Virgin Islands company   100% owned by Bit Digital Strategies Limited.