比特数字2023年度报告

UNITEDSTATES SECURITIESANDEXCHANGECOMMISSIONWASHINGTON,D.C.20549 FORM20-F  REGISTRATIONSTATEMENTPURSUANTTOSECTION12(b)OR(g)OFTHESECURITIESEXCHANGEACTOF1934 OR  ANNUALREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934 ForthefiscalyearendedDecember31,2023OR  TRANSITIONREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934 Forthetransitionperiodfromto. OR  SHELLCOMPANYREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934 Dateofeventrequiringthisshellcompanyreport:Commissionfilenumber:001-38421 BitDigital,Inc. (ExactnameofRegistrantasSpecifiedinitsCharter) CaymanIslands (JurisdictionofIncorporationorOrganization) 33IrvingPlace,NewYork,NYUnitedStates10003 (AddressofPrincipalExecutiveOffices) SamirTabarChiefExecutiveOfficer 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’sclassesofcapitalorOrdinarySharesasofDecember31,2023was:107,291,827ordinaryshares,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 Emerginggrowthcompany  IfanemerginggrowthcompanythatpreparesitsfinancialstatementsinaccordancewithU.S.GAAP,indicatebycheckmarkiftheregistranthaselectednottousetheextendedtransitionperiodforcomplyingwithanyneworrevisedfinancialaccountingstandardsprovidedpursuanttoSection13(a)oftheExchangeAct.  Indicatebycheckmarkwhethertheregistranthasfiledareportonandattestationtoitsmanagement’sassessmentoftheeffectivenessofitsinternalcontroloverfinancialreportingunderSection404(b)oftheSarbanes-OxleyAct(15 U.S.C.7262(b))bytheregisteredpublicaccountingfirmthatpreparedorissueditsauditreport.  Indicatebycheckmarkwhetherthefinancialstatementsoftheregistrantincludedinthefilingreflectthecorrectionofanerrortopreviouslyissuedfinancialstatements.  Indicatebycheckmarkwhetheranyofthoseerrorcorrectionsarerestatementsthatrequiredarecoveryanalysisofincentive-basedcompensationreceivedbyanyoftheregistrant’sexecutiveofficersduringtherelevantrecoveryperiodpursuantto§240.10D-1(b).  Indicatebycheckmarkwhichbasisofaccountingtheregistranthasusedtopreparethefinancialstatementsincludedinthisfiling:  U.S.GAAPInternationalFinancialReportingStandardsasissuedbytheInternationalAccountingStandardsBoard  Other If“Other”hasbeencheckedinresponsetothepreviousquestion,indicatebycheckmarkwhichfinancialstatementitemtheregistranthaselectedtofollow:Item17 Item18  Ifthisisanannualreport,indicatebycheckmarkwhethertheregistrantisashellcompany(asdefinedinRule12b-2oftheExchangeAct).Yes No  AsofJune30,2023,thelastbusinessdayoftheregistrant’ssecondquarterofmostrecentlycompletedfiscalyear,theaggregatemarketvalueofthe84,783,128ordinarysharesheldbynon-affiliatesoftheregistrantwasapproximately$344,219,500basedontheclosingpriceof$4.06asreportedontheNasdaqCapitalMarketfortheregistrant’s85,028,667ordinaryshares. BITDIGITAL,INC.FORM20-FANNUALREPORT TABLEOFCONTENTS Page PARTI Item1. IdentityofDirectors,SeniorManagementandAdvisers 1 Item2. OfferStatisticsandExpectedTimetable 1 Item3. KeyInformation 2 Item4. InformationonTheCompany 51 Item4A. UnresolvedStaffComments 83 Item5. OperatingandFinancialReviewandProspects 84 Item6. Directors,SeniorManagementandEmployees 105 Item7. MajorShareholdersandRelatedPartyTransactions 114 Item8. FinancialInformation 114 Item9. TheOfferandListing 115 Item10. AdditionalInformation 115 Item11. QuantitativeandQualitativeDisclosuresAboutMarketRisk 130 Item12. DescriptionofSecuritiesOtherThanEquitySecurities 130 PARTII Item13. Defaults,