BIT DIGITAL APPOINTS CAMERON SCHNIER AS HEAD OF INVESTOR RELATIONS

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NEW YORK, February 24, 2022 /PRNewswire/ — Bit Digital (NASDAQ: BTBT), a leading digital mining company headquartered in New York City with facilities across North Americaannounced today that the Company has appointed Cameron Schnier as Head of Investor Relations. He will report to the Chief Strategy Officer sam taber while overseeing investor relations activities, corporate marketing events and liaising with equity research coverage.

Cameron Schnier joined Bit Digital in February 2022 with over a decade of experience in the financial sector. Prior to joining Bit Digital, Mr. Schnier was Vice President at Wolfe Research covering both the Industrial Technology and Oilfield Services sectors from 2018 to 2021. He previously worked as an Equity Research Associate at Evercore ISI from 2014 to 2018. He started his career at Bank of Tokyo-Mitsubishi, where he held various positions in market risk and credit strategy. Mr. Schnier is a graduate of Washington & Lee University with a BS in Business Administration. It is a CFA charterholder and holds Series 7, Series 63, Series 86, and Series 87 title licenses.

“Given the pace at which our operations are growing and our goal of establishing Bit Digital as one of the leading Bitcoin miners in United Stateswe believe now is the right time to add a full-time in-house investor relations manager to help elevate our organization,” said sam taberCSO of Bit Digital, “On behalf of the entire team, I would like to welcome Cam aboard.”

About Bit Digital

Bit Digital, Inc. is a bitcoin mining company headquartered in New York City. Our mining operations are located across North America. For more information, please 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 under “Risk Factors” in Item 3.D of our most recent Annual Report on Form 20-F for the year ended. December 31, 2020. If a material risk were to arise, our business, financial condition or results of operations would likely be adversely affected. In this case, the value of our securities could fall and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones we face. Additional risks not currently known to us or that we currently deem to be immaterial may also adversely affect our business operations. Additionally, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to predict future results. Future changes in the network-wide mining difficulty rate or Bitcoin hash rate may also significantly affect the future performance of Bit Digital’s bitcoin production. Additionally, all discussions of financial metrics assume mining difficulty rates from September 2021. See “Safe Harbor Statement” below.

Safe Harbor Statement

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 facts included herein, 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 such expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements due to a variety of factors, including those discussed in the Company’s periodic reports that 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 persons acting on its behalf are expressly qualified in their entirety by these factors. Except as required by securities laws, the Company undertakes no obligation to update these forward-looking statements.

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SOURCEBit Digital, Inc.

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