Bit Digital, Inc. Acquires Majority Stake in WhiteFiber, Inc.

Bit Digital, Inc., a Cayman Islands exempted company, has acquired approximately 74.3% of the issued and outstanding Ordinary Shares of WhiteFiber, Inc. through a Contribution Agreement. This agreement involved the transfer of 100% of the capital shares of WhiteFiber AI, Inc. and its wholly-owned subsidiaries, WhiteFiber HPC, Inc. and WhiteFiber Iceland, ehf, to WhiteFiber. The transaction was completed in connection with WhiteFiber's initial public offering (IPO). Bit Digital now holds 27,043,750 Ordinary Shares, representing 74.3% of the total voting power of WhiteFiber's issued and outstanding Ordinary Shares. The purpose of this acquisition is related to the Contribution Agreement, which facilitated the transfer of Bit Digital's high-performance computing (HPC) business to WhiteFiber. The filing also confirms that there are no legal proceedings or contracts related to the transaction.