Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 813

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1B
Chunk 813
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% owned by WhiteFiber AI, Inc. which is 100% owned by Bit Digital, Inc.

On August 15, 2024, WhiteFiber, Inc. (fka Celer,
Inc.) (“WhiteFiber”) was incorporated to support the Company’s generative artificial intelligence (“AI”)
workstreams. WhiteFiber, Inc. is 100% owned by Bit Digital, Inc.

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.

F-8

The accompanying 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                   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.