Share Capital |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Share Capital [Abstract] | |
| SHARE CAPITAL | 11. SHARE CAPITAL
Ordinary shares
As of December 31, 2024, there were 27,043,750 ordinary shares issued and outstanding.
On August 8, 2025, WhiteFiber completed its initial public offering (the “Offering”) of 9,375,000 ordinary shares, at a public offering price of $17.00 per share. The initial gross proceeds to WhiteFiber from the Offering were $159,375,000, before deducting underwriting discounts and commissions and offering expenses payable by WhiteFiber. Prior to the consummation of the Offering, Bit Digital held all of the issued and outstanding ordinary shares of WhiteFiber. On September 2, 2025, the underwriters fully exercised their option to purchase an additional 1,406,250 ordinary shares, resulting in additional gross proceeds to WhiteFiber of $23,906,250, before deducting underwriting discounts and commissions and offering expenses payable by WhiteFiber. As of the date of this Form 10-K, Bit Digital holds approximately 70.5% of the issued and outstanding ordinary shares of WhiteFiber.
For the year ended December 31, 2025, 519,239 ordinary shares were issued to the Company’s employees, directors, and consultants in settlement of an equal number of fully vested restricted share units awarded to such individuals and companies by the Company pursuant to grants made under the Company’s 2025 Plan.
As of December 31, 2025, there were 38,344,239 ordinary shares issued and outstanding. |