Share Capital |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Share Capital [Abstract] | |
| SHARE CAPITAL | 12. SHARE CAPITAL
Ordinary shares
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 $159.4 million, 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 $23.9 million, before deducting underwriting discounts and commissions and offering expenses payable by WhiteFiber. As of the date of this Form 10-Q, Bit Digital owns approximately 69.6% of the issued and outstanding ordinary shares of WhiteFiber.
As of December 31, 2025, there were 38,344,239 ordinary shares issued and outstanding.
During the six months ended June 30, 2026, 400,091 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.
In May 2026, 96,871 ordinary shares were issued in connection with the redemption, on a one-for-one basis, of an equal number of exchangeable shares that had been issued in connection with the Company's acquisition of Enovum.
As of June 30, 2026, there were 38,841,201 ordinary shares issued and outstanding. |