NEW YORK, Sept. 28, 2021 /PRNewswire/ -- Bit Digital, Inc.
(Nasdaq: BTBT) ("Bit Digital" or the "Company"), a bitcoin mining
company with one of the largest currently owned fleets among
US-listed miners, today announced the appointment of Brock Pierce, Chairman of the Bitcoin
Foundation, to its board of directors, effective October 31, 2021.
"Brock joining our board is a major step in completing our
transition to North America.
Consistent with migrating our mining operations and management
team, we now welcome our first US-based director. Brock is a proven
leader and innovator, with a well-known track record in the Bitcoin
ecosystem. We are confident his strategic vision and relationships
will help us execute our growth strategy."
"Brock is a towering figure in the Bitcoin community, and has
added enormous value since serving as our Advisor. We value his
leadership as we move forward with our growth plans in North America," said Sam Tabar, Chief Strategy Officer.
Brock Pierce stated, "Bit Digital
is a leader of the publicly-listed mining sector, both in terms of
its current fleet size, and in its commitment to becoming
carbon-neutral. I look forward to serving its board, and
contributing my experience to this innovative company."
About Brock Pierce
Brock Pierce is an entrepreneur,
artist, venture capitalist, and philanthropist with an extensive
track record of founding, advising and investing in disruptive
businesses. He's credited with pioneering the market for
digital assets and has raised more than $5B for companies he has founded. Pierce is
Chairman of the Bitcoin Foundation and the co-founder of EOS
Alliance, Block.one, Blockchain Capital, Tether, and Mastercoin
(first ICO). Piece has been involved in Bitcoin mining since its
genesis days, acquiring a significant portion of the first batch of
Avalons, and ran KNC's China
operation, one of the world's first large scale mining operations.
He was a seed investor in BitFury through Blockchain Capital. He
also established the largest Bitcoin mining operation in
Washington State in the industry's
early days. Pierce has lectured at some of the nation's most
prestigious institutions, including the Milken Institute Global
Conference, International World Congress, and has been featured by
the New York Times, Wall Street Journal
and Fortune. Pierce was on the first-ever Forbes List for the "Richest People in
Cryptocurrency'' and was an Independent Party candidate for
President of the United States in
2020.
About Bit Digital, Inc.
Bit Digital, Inc. is a Bitcoin mining company headquartered in
New York with one of the highest
currently owned hash rates (or computing power) among US listed
Bitcoin miners. Its mining operations are in the United States and Canada. For additional information, please
contact Samir Tabar at
sam@bit-digital.com or visit www.bit-digital.com.
Investor Notice
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 fiscal year ended December 31, 2020. If any material risk was to
occur, our business, financial condition or results of operations
would likely suffer. In that event, the value of our securities
could decline and you could lose part or all of your investment.
The risks and uncertainties we describe are not the only ones
facing us. Additional risks not presently known to us or that we
currently deem immaterial may also impair 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 results in the future. Future changes in the
network-wide mining difficulty rate or Bitcoin hash rate may also
materially affect the future performance of Bit Digital's
production of bitcoin. Additionally, all discussions of financial
metrics assume mining difficulty rates as of July 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
subsidiary companies. All statements, other than statements of
historical fact 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
do involve assumptions, risks and uncertainties, and these
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 as a result of 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 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.
Other than as required under the securities laws, the company does
not assume a duty to update these forward-looking statements.
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SOURCE Bit Digital, Inc.