SCHEDULE 13G: BlackRock Discloses 7.8% Stake in Bit Digital

BlackRock, Inc. has reported a beneficial ownership of 7.8% of Bit Digital, Inc.'s common stock, totaling 25,041,108 shares as of September 30, 2025.

Summary

• BlackRock, Inc. beneficially owns 25,041,108 shares of Bit Digital, Inc. common stock.
• This ownership represents 7.8% of the total class of securities.
• BlackRock holds sole voting power over 24,332,842 shares.
• BlackRock holds sole dispositive power over 25,041,108 shares.
• The shares were acquired in the ordinary course of business and not for the purpose of changing or influencing control of Bit Digital, Inc.
• Several BlackRock subsidiaries are identified as entities that beneficially own 5% or greater of the outstanding shares, including BlackRock Advisors, LLC and BlackRock Fund Advisors.

Sentiment

Score: 8

Explanation: BlackRock's significant beneficial ownership of 7.8% in Bit Digital, Inc. indicates strong institutional confidence and a substantial investment in the company's future, which is generally viewed as a positive signal by the market.

Positives

• Significant institutional investment from BlackRock, a major global asset manager, signals confidence in Bit Digital, Inc.
• BlackRock's 7.8% stake indicates a substantial long-term interest in the company's performance and stability.

Risks

• BlackRock certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer, mitigating concerns about hostile takeover attempts from this specific stake.

Future Outlook

This filing does not provide forward-looking statements or guidance for Bit Digital, Inc.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11." (Certified by Spencer Fleming, Managing Director of BlackRock, Inc.)

Industry Context

BlackRock, as one of the world's largest asset managers, frequently discloses significant stakes in publicly traded companies through Schedule 13G filings as part of its routine investment activities. Bit Digital, Inc. operates in the cryptocurrency mining sector, and a substantial investment from a traditional financial giant like BlackRock could be seen as a validation of the sector or the company itself, potentially attracting broader investor interest.

Comparison to Industry Standards

• This filing is a standard disclosure of beneficial ownership by a large institutional investor, consistent with regulatory requirements for reporting stakes exceeding 5% of a company's outstanding shares.
• The nature of this filing does not provide specific operational or financial data for direct comparison to industry peers or global benchmarks.

Corporate Governance

Stakeholder Impact

• **Shareholders:** May view BlackRock's significant stake as a positive signal, potentially increasing investor confidence and attracting further investment.
• **Management:** Could benefit from the stability and long-term perspective often associated with large institutional investors, potentially reducing short-term market pressures.

Key Dates

Recommendation

The disclosure of a significant 7.8% beneficial ownership by BlackRock, a leading global asset manager, is a strong positive signal for Bit Digital, Inc. This institutional backing suggests a vote of confidence in the company's prospects and could attract further investor interest, potentially leading to upward price momentum. While this filing does not provide operational or financial performance details, the presence of a major institutional investor like BlackRock often de-risks a stock and indicates a thorough due diligence process has been undertaken, making it an attractive entry point for investors.

Keywords

Bit Digital, BlackRock, Institutional Ownership, Common Stock, Schedule 13G, Beneficial Ownership, Investment, Asset Management