Bit Digital appoints Brock Pierce to its board of directors

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NEW YORK, September 28, 2021 / PRNewswire / – Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Company”), a bitcoin mining company with one of the largest fleets currently held among listed miners in the United States, today announced the appointment of Brock Pierce, Chairman of the Bitcoin Foundation, to its board of directors, from October 31, 2021.

“Brock’s joining our Board of Directors is an important step in making our transition to North America. As part of the migration of our mining operations and management team, we now welcome our first director based in the United States. Brock is a proven leader and innovator, with a well-known experience in the Bitcoin ecosystem. We are confident that his strategic vision and relationships will help us execute our growth strategy. ”

“Brock is a dominant figure in the Bitcoin community and has added tremendous value since being our advisor. We appreciate his leadership as we move forward with our growth plans in North America,” noted Sam tabar, director of strategy.

Brock Pierce said: “Bit Digital is a leader in the publicly traded mining sector, both in terms of current fleet size and in its commitment to become carbon neutral. I look forward to serving its board of directors and contributing my experience to this innovative business endeavor. ”

On Brock Pierce

Brock Pierce is an entrepreneur, artist, venture capitalist and philanthropist with a long history of building, advising and investing in disruptive businesses. He is recognized for pioneering the digital asset market and has raised more than $ 5 billion for the companies he founded. Pierce is Chairman of the Bitcoin Foundation and co-founder of EOS Alliance, Block.one, Blockchain Capital, Tether, and Mastercoin (first ICO). Piece has been involved in Bitcoin mining since its founding days, acquiring a significant portion of the first batch of Avalon, and led KNC China exploitation, one of the first large-scale mining operations in the world. He was an initial investor in BitFury through Blockchain Capital. He also created the largest Bitcoin mining operation in Washington state in the early days of the industry. Pierce has lectured at some of the country’s most prestigious institutions, including the Milken Institute World Conference, the International World Congress, and has been presented by the New York Times, Wall Street Journal and Fortune. Pierce was on the very first Forbes List for “people richest in cryptocurrency” and was an independent party candidate for president of United States in 2020.

About Bit Digital, Inc.

Bit Digital, Inc. is a Bitcoin mining company based in new York with one of the highest hash rates (or computing power) currently among listed Bitcoin miners in the United States. Its mining operations are in United States and Canada. For more information, please contact Samir tabar To [email protected] or visit www.bit-digital.com.

Notice to Investors

Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described in the “Risk Factors” section in point 3.D of our most recent annual report on Form 20-F to the year ended. December 31, 2020. If a material risk were to arise, our business, financial condition or results of operations would likely suffer. In this case, the value of our securities could fall and you could lose some or all of your investment. The risks and uncertainties we describe are not the only ones we face. Additional risks that we are not currently aware of or that we currently consider to be negligible may also adversely affect our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate future results. Future changes in the network-wide mining difficulty rate or bitcoin hash rate can also significantly affect the future performance of Bit Digital’s bitcoin production. In addition, all discussions of financial measures assume mining difficulty rates from July 2021. See “Safe Harbor Declaration” below.

Safe Harbor Declaration

This press release may contain certain “forward-looking statements” relating to the business of Bit Digital, Inc. and its subsidiaries. All statements, other than statements of historical fact included in this document, are “forward-looking statements”. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes”, “expects” or similar expressions, involving known and unknown risks and uncertainties. Although the company believes that the expectations reflected in these forward-looking statements are reasonable, they involve assumptions, risks and uncertainties, and these expectations may prove to be inaccurate. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The actual results of the Company could differ materially from those anticipated in these forward-looking statements due to various factors, including those discussed in the Company’s periodic reports which are filed with the Securities and Exchange Commission and available on its website at the address http://www.sec.gov. All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors. Except as required by securities laws, the company assumes no obligation to update these forward-looking statements.

SOURCE Bit Digital, Inc.

Related links

http://www.bit-digital.com


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