Company: BTBT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110383
Chunk: 381

Company: Bit Digital, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 4
Chunk 381
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Item
4. Controls and Procedures.

Evaluation
of Disclosure Controls and Procedures

Our
management, with the participation of our Principal Executive Officer and our Principal Financial Officer, has evaluated the effectiveness
of our disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of the
end of the period covered by this Quarterly Report to ensure that the information required to be disclosed by the Company in the reports
that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in
SEC rules and forms, and that information required to be disclosed in the reports we file or submit under the Exchange Act is accumulated
and communicated to our management, including our Principal Executive Officer and Principal Financial Officer, to allow timely decisions
regarding required disclosures.

Based
on this evaluation, our management, with the participation of our Principal Executive Officer and our Principal Financial Officer, concluded
that our disclosure controls and procedures were effective at the reasonable assurance level as of the end of the period covered by this
report.

Management
recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving
their objectives and management necessarily applies its judgment in conducting a cost-benefit analysis of possible controls and procedures.

Changes
in Internal Control over Financial Reporting

In
October 2024, we acquired 100% of the equity interests of Enovum Data Centers Corp (“Enovum”). We are currently in the process
of integrating Enovum’s operations, control processes, and information systems into our systems and control environment and expect
to include them in scope of design and operation of our internal control over financial reporting for the year ending December 31, 2025.
We believe that we have taken the necessary steps to monitor and maintain appropriate internal control over financial reporting during
this integration. Other than changes made in connection with the acquisitions, there were no changes in our internal control over financial
reporting during the three months ended September 30, 2025 that have materially affected, or are reasonably likely to materially affect,
our internal control over financial reporting.

74

PART
II - OTHER INFORMATION

Item
1. Legal Proceedings.

Except
as set forth herein, there have been no changes since the filing of the Company’s Form 10-K for the year ended December 31, 2024
and the Company’s Form 10-Q for the period