比特数字2022年度报告

UNITEDSTATES SECURITIESANDEXCHANGECOMMISSIONWASHINGTON,D.C.20549 FORM20-F ☐REGISTRATIONSTATEMENTPURSUANTTOSECTION12(b)OR(g)OFTHESECURITIESEXCHANGEACTOF1934 OR ☒ANNUALREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934 ForthefiscalyearendedDecember31,2022OR ☐TRANSITIONREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934 Forthetransitionperiodfromto. OR ☐SHELLCOMPANYREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934 Dateofeventrequiringthisshellcompanyreport:Commissionfilenumber:001-38421 BitDigital,Inc. (ExactnameofRegistrantasSpecifiedinitsCharter) CaymanIslands (JurisdictionofIncorporationorOrganization) 33IrvingPlace,NewYork,NYUnitedStates10003 (AddressofPrincipalExecutiveOffices) SamTabar ChiefExecutiveOfficer Tel:(212)463-5121;sam@bit-digital.com 33IrvingPlace,NewYork,NYUnitedStates10003 (Name,Telephone,E-mailand/orFacsimileNumberandAddressofCompanyContactPerson)SecuritiesregisteredortoberegisteredpursuanttoSection12(b)oftheAct: TitleofEachClassNameofEachExchangeonWhichRegistered Ordinaryshares,parvalueUS$0.01pershareNasdaqCapitalMarket SecuritiesregisteredortoberegisteredpursuanttoSection12(g)oftheAct: None(TitleofClass) SecuritiesforwhichthereisareportingobligationpursuanttoSection15(d)oftheAct:None (TitleofClass) Thenumberofoutstandingsharesofeachoftheissuer’sclassesofcapitalorOrdinarySharesasofApril21,2023was:82,535,471ordinaryshares,parvalue$0.01pershare. Indicatebycheckmarkiftheregistrantisawell-knownseasonedissuer,asdefinedinRule405oftheSecuritiesAct. Yes☐No☒ Ifthisreportisanannualortransitionreport,indicatebycheckmarkiftheregistrantisnotrequiredtofilereportspursuanttoSection13or15(d)oftheSecuritiesExchangeActof1934. Yes☐No☒ Indicatebycheckmarkwhethertheregistrant(1)hasfiledallreportsrequiredtobefiledbySection13or15(d)oftheSecuritiesExchangeActof1934duringthepreceding12months(orforsuchshorterperiodthattheregistrantwasrequiredtofilesuchreports),and(2)hasbeensubjecttosuchfilingrequirementsforthepast90days. Yes☒No☐ IndicatebycheckmarkwhethertheregistranthassubmittedelectronicallyeveryInteractiveDataFilerequiredtobesubmittedandpostedpursuanttoRule405ofRegulationS-T(§232.405ofthischapter)duringthepreceding12months(orforsuchshorterperiodthattheregistrantwasrequiredtosubmitandpostsuchfiles). Yes☒No☐ Indicatebycheckmarkwhethertheregistrantisalargeacceleratedfiler,anacceleratedfiler,oranon-acceleratedfiler.Seedefinitionof“acceleratedfilerandlargeacceleratedfiler”inRule12b-2oftheExchangeAct.(Checkone): Largeacceleratedfiler☐Acceleratedfiler☐Non-acceleratedfiler☒Emerginggrowth company☒ IfanemerginggrowthcompanythatpreparesitsfinancialstatementsinaccordancewithU.S.GAAP,indicatebycheckmarkiftheregistranthaselectednottousetheextendedtransitionperiodforcomplyingwithanyneworrevisedfinancialaccountingstandardsprovidedpursuanttoSection13(a)oftheExchangeAct.☐ Indicatebycheckmarkwhethertheregistranthasfiledareportonandattestationtoitsmanagement’sassessmentoftheeffectivenessofitsinternalcontroloverfinancialreportingunderSection404(b)oftheSarbanes-OxleyAct(15U.S.C.7262(b))bytheregisteredpublicaccountingfirmthatpreparedorissueditsauditreport.☐ Indicatebycheckmarkwhichbasisofaccountingtheregistranthasusedtopreparethefinancialstatementsincludedinthisfiling: ☒U.S.GAAPInternationalFinancialReportingStandardsasissuedbytheInternationalAccountingStandardsBoard ☐Other If“Other”hasbeencheckedinresponsetothepreviousquestion,indicatebycheckmarkwhichfinancialstatementitemtheregistranthaselectedtofollow:Item17☐Item18☐ Ifthisisanannualreport,indicatebycheckmarkwhethertheregistrantisashellcompany(asdefinedinRule12b-2oftheExchangeAct).Yes☐No☒ AsofJune30,2022,thelastbusinessdayoftheregistrant’ssecondquarterofmostrecentlycompletedfiscalyear,theaggregatemarketvalueofthe82,306,279ordinarysharesheldbynon-affiliatesoftheregistrantwasapproximately$107,821,225basedontheclosingpriceof$1.31asreportedontheNasdaqCapitalMarketfortheregistrant’s82,426,279ordinaryshares. BITDIGITAL,INC.FORM20-FANNUALREPORT TABLEOFCONTENTS Page PARTI Item1. IdentityofDirectors,SeniorManagementandAdvisers 1 Item2. OfferStatisticsandExpectedTimetable 1 Item3. KeyInformation 2 Item4. InformationonTheCompany 53 Item4A. UnresolvedStaffComments 87 Item5. OperatingandFinancialReviewandProspects 87 Item6. Directors,SeniorManagementandEmployees 105 Item7. MajorShareholdersandRelatedPartyTransactions 114 Item8. FinancialInformation 114 Item9. TheOfferandListing 115 Item10. AdditionalInformation 115 Item11. QuantitativeandQualitativeDisclosuresAboutMarketRisk 128 Item12. DescriptionofSecuritiesOtherThanEquitySecurities 129 PARTII Item13. Defaults,DividendArrearagesandDelinquencies 130 Item14. MaterialModificationstoTheRightsofSecurityHoldersandUseofProceeds 130 Item15. ControlsandProcedures 130 Item16. [Reserved] 132 Item16A. AuditCommitteeFinancialExpert 132 Item16B. CodeofEthics 132 Item16C. PrincipalAccountantFeesandServices 132 Item16D. ExemptionsfromTheListingStandardsforAuditCommittees 133 Item16E. PurchasesofEquitySecur