Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 1439

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 3
Chunk 1439
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 equity-based compensation;

●reviewing
and approving employment agreements and other similar arrangements between us and our executive officers; and

●appointing
and overseeing any compensation consultants or advisors.

Our Compensation Committee is comprised of Zhaohui
Deng, Ichi Shih and Brock Pierce, with Mr. Deng serving as chair of the Compensation Committee.

Nominating and Corporate Governance Committee

The Nominating Committee
is responsible for, among other matters:

●selecting
or recommending for selection candidates for directorships;

●evaluating
the independence of directors and director nominees;

109

●reviewing
and making recommendations regarding the structure and composition of our board and the board committees;

●developing
and recommending to the board corporate governance principles and practices;

●reviewing
and monitoring the Company’s Code of Business Conduct and Ethics; and

●overseeing
the evaluation of the Company’s management.

Our Nominating Committee is comprised of Zhaohui
Deng, Ichi Shih and Brock Pierce, with Zhaohui Deng serving as chair of the Nominating Committee.

The Nominating and Corporate Governance Committee
will consider director candidates recommended by shareholders. Shareholders who wish to recommend to the Nominating and Corporate Governance
Committee a candidate for election to the Board should send their letters to Erke Huang, erkeh@bit-digital.com. The corporate secretary
will promptly forward all such letters to the members of the Nominating Committee.

Director Independence

Our Board has reviewed the independence of our
directors, applying the Nasdaq independence standards. Based on this review, the Board determined that each Zhaohui Deng, Ichi Shih and
Brock Pierce are “independent” within the meaning of Item 7(d)(3)(iv)(B) of Schedule 14A under the Securities Exchange Act
of 1934, as amended, and as defined by Rule 4200(a)(15) of the NASDAQ Marketplace Rules. In making this determination, our Board considered
the relationships that each of these non-employee directors has with us and all other facts and circumstances our board deemed relevant
in determining their independence.

Section 16(a) Beneficial Ownership Reporting
Compliance

Section 16(a) of the Exchange Act requires our
directors and executive officers and persons who beneficially own more than ten percent of a registered class of the Company’s equity
securities to file with the SEC initial reports of ownership and reports of changes in