Bit Digital Inc. is a holding company. The Company is engaged in the bitcoin mining business through its wholly owned subsidiaries in the United States and Canada. The Company's bitcoin mining operations is hosted by third party suppliers who uses specialized computers known as miners, to generate bitcoins, a digital asset. The Company's mining facilities and mining platform operate with an intent of accumulating bitcoin, which seeks to sell for fiat currency from time to time depending on market conditions. The Company has approximately 28,475 of bitcoin miners. The Company conduct its business through Bit Digital U.S.A. Inc., a Delaware corporation and its operating entity in the United States; Bit Digital Canada, Inc., its operating entity in Canada; Bit Digital Singapore Pte Ltd., a Singapore company; Bit Digital Hong Kong Limited and Bit Digital Strategies Limited, which is a Hong Kong companies.
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