Company: BTBT
Filing Date: 2025-06-09
Form Type: CORRESP
Source: 0001213900-25-052675
Chunk: 0

Company: Bit Digital, Inc
Filing Date: 2025-06-09
Form: CORRESP
Chunk 0
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WRITER’S DIRECT: (646)
428-3282

E-MAIL ADDRESS: ehl@dhclegal.com

<div align='center'>June 9, 2025</div>

VIA Edgar Correspondence

Mr. David Irving

Mr. Mark Brunhofer

Division of Corporation Finance

U.S. Securities and Exchange
Commission

100 F Street NE

Washington DC 20549

| Re: | Bit Digital, Inc. |

Form 10-K for Fiscal Year
Ended December 31, 2024

Gentlemen:

On behalf of our client, Bit
Digital, Inc., a Cayman Islands exempted company, and pursuant to the applicable provisions of the Securities Exchange Act of 1934, as
amended and the rule and regulations presented thereunder, we hereby submit in electronic form the responses of the Company to comments
received from the Staff of the Commission in a letter dated May 6, 2025 (the “Comment Letter”). The responses below are presented
in the order of the comments received from the Staff.

Mr. David
Irving
Mr. Mark Brunhofer
June 9, 2025
Page 2

| 1. | We note your determination of CoinMarketCap as                                                                                            
 your principal market for valuing your digital assets. As CoinMarketCap is not a market where digital assets can be traded but instead    
 is a website where exchange/trading platform market information is aggregated, its aggregated information cannot be the principal market, 
 or most advantageous market in the absence of a principal market, under ASC 820-10-35-5. As you trade with the Amber Group’s OTC desk,    
 please tell us your consideration as to whether the OTC market is your principal market as contemplated in ASC 820-10- 35-5A. In your     
 response, tell us how pricing is determined in the OTC market and the extent to which information from CoinMarketCap or any other price   
 aggregator or index is utilized. Otherwise, tell us, for each material digital asset you hold, which individual market is your principal  
 or most advantageous market, how you identified them, and whether use of these markets to value your digital assets would result in a     
 material difference from the financial statements presented in your filing.                                                               |

Response:

The Company acknowledges the Staff’s comment
and understands that ASC 820-10-35-5 and 35-5A require that the fair value measurement ordinarily assumes transactions of