secwatch.observer — SEC 8-K summary
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Issuer:     Bit Digital, Inc (BTBT)
CIK:        0001710350
Form:       8-K
Filed at:   2025-08-08T23:59:59+00:00
Accession:  0001213900-25-073702
Event type: other_material
Sentiment:  positive
Materiality: 0.90
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud

Bit Digital subsidiary WhiteFiber completes IPO, raises $159.4 million; Bit Digital retains 74.3% stake
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- WhiteFiber, a subsidiary of Bit Digital, completed its IPO of 9.375 million ordinary shares at $17.00 per share, grossing $159.375 million.
- Prior to the IPO, Bit Digital contributed its HPC business to WhiteFiber in exchange for 27,043,749 shares, holding 74.3% post-IPO.
- Bit Digital and WhiteFiber entered a transition services agreement with estimated monthly fees of $155,000 for up to 24 months.
- Underwriters have a 30-day option to purchase up to 1,406,250 additional WhiteFiber shares; if exercised fully, Bit Digital's stake would be ~71.5%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1710350/000121390025073702/0001213900-25-073702-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1710350/000121390025073702/ea0252466-8k_bitdigital.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-073702

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