Company: BTBT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076608
Chunk: 215

Company: Bit Digital, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 2
Chunk 215
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angible assets and
goodwill, valuation of assets and liabilities acquired in business combinations, provision necessary for contingent liabilities and
realization of deferred tax assets. We continue to evaluate these estimates and assumptions that we believe to be reasonable under
the circumstances. We rely on these evaluations as the basis for making judgments about the carrying values of assets and
liabilities that are not readily apparent from other sources. Since the use of estimates is an integral component of the financial
reporting process, actual results could differ from those estimates as a result of changes in our estimates. Some of our accounting
policies require higher degrees of judgment than others in their application. We believe critical accounting policies as disclosed
in this release reflect the more significant judgments and estimates used in preparation of our unaudited condensed consolidated
financial statements. For a summary of significant accounting policies, refer to Note 2. Summary of Significant Accounting
Policies in our Notes to Unaudited Condensed Consolidated Financial Statements included elsewhere herein.

72

Item 3. Quantitative and Qualitative Disclosures
about Market Risk.

Not applicable. A smaller reporting company is
not required to provide the information required by this Item.

Item 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

Our management, with the participation of our
Chief 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
Chief Executive Officer and Principal Financial Officer, to allow timely decisions regarding required disclosures.

Based on this evaluation, our management, with
the participation of our Chief 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