[8-K] Bit Digital, Inc. Reports Material Event
Bit Digital completed an offering of its subsidiary WhiteFiber, which sold 9,375,000 ordinary shares at $17.00 per share, generating gross proceeds of $159,375,000 before underwriting discounts and offering expenses. All offered shares were sold by WhiteFiber and, after the offering, Bit Digital holds approximately 74.3% of WhiteFiber鈥檚 issued and outstanding ordinary shares. A 30-day underwriter option for up to 1,406,250 additional shares, if exercised in full, would reduce Bit Digital鈥檚 ownership to approximately 71.5%.
Bit Digital contributed its HPC business to WhiteFiber in exchange for 27,043,749 WhiteFiber ordinary shares. The Contribution transferred assets primarily related to the HPC business to WhiteFiber while WhiteFiber鈥檚 liabilities and certain WhiteFiber-related assets were allocated as described; other Bit Digital assets and liabilities were retained by Bit Digital. Assets were transferred on an "as is, where is" basis with limited representations and warranties.
Bit Digital and WhiteFiber entered into a Transition Services Agreement under which Bit Digital will provide specified finance, tax, legal, HR, IT, insurance and other administrative services at cost, with WhiteFiber estimating average fees of approximately $155,000 per month (exclusive of share-based compensation). The services term generally extends up to 24 months, and each party indemnifies the other for material breaches and certain misconduct while excluding liability for indirect or consequential damages.
Bit Digital ha completato un'offerta della sua controllata WhiteFiber, che ha venduto 9,375,000 azioni ordinarie a $17.00 per azione, generando proventi lordi di $159,375,000 prima degli sconti di sottoscrizione e delle spese dell'offerta. Tutte le azioni offerte sono state vendute da WhiteFiber e, dopo l'offerta, Bit Digital detiene circa il 74,3% delle azioni ordinarie emesse e in circolazione di WhiteFiber. Un'opzione di sottoscrizione di 30 giorni per fino a 1,406,250 azioni aggiuntive, se esercitata per intero, ridurrebbe la partecipazione di Bit Digital a circa il 71,5%.
Bit Digital ha conferito il proprio business HPC a WhiteFiber in cambio di 27,043,749 azioni ordinarie di WhiteFiber. Il conferimento ha trasferito ad WhiteFiber principalmente attivit脿 correlate al business HPC, mentre le passivit脿 di WhiteFiber e talune attivit脿 correlate a WhiteFiber sono state allocate come descritto; le altre attivit脿 e passivit脿 di Bit Digital sono rimaste in capo a Bit Digital. Gli asset sono stati trasferiti "as is, where is" con rappresentazioni e garanzie limitate.
Bit Digital e WhiteFiber hanno stipulato un Transition Services Agreement in base al quale Bit Digital fornir脿, a costo, servizi specifici di finanza, fiscalit脿, legale, risorse umane (HR), IT, assicurazione e altri servizi amministrativi, con WhiteFiber che stima commissioni medie di circa $155,000 per month (escluse le remunerazioni basate su azioni). Il periodo dei servizi si estende generalmente fino a 24 months, e ciascuna parte indennizza l'altra per violazioni materiali e taluni illeciti, escludendo la responsabilit脿 per danni indiretti o consequenziali.
Bit Digital complet贸 una oferta de su filial WhiteFiber, que vendi贸 9,375,000 acciones ordinarias a $17.00 por acci贸n, generando ingresos brutos de $159,375,000 antes de descuentos de suscripci贸n y gastos de la oferta. Todas las acciones ofrecidas fueron vendidas por WhiteFiber y, tras la oferta, Bit Digital posee aproximadamente el 74,3% de las acciones ordinarias emitidas y en circulaci贸n de WhiteFiber. Una opci贸n de suscripci贸n de 30 d铆as para hasta 1,406,250 acciones adicionales, si se ejerciera en su totalidad, reducir铆a la participaci贸n de Bit Digital a aproximadamente el 71,5%.
Bit Digital aport贸 su negocio HPC a WhiteFiber a cambio de 27,043,749 acciones ordinarias de WhiteFiber. La aportaci贸n transfiri贸 a WhiteFiber principalmente activos relacionados con el negocio HPC, mientras que las obligaciones de WhiteFiber y ciertos activos relacionados con WhiteFiber se asignaron seg煤n lo descrito; otros activos y pasivos de Bit Digital se conservaron en Bit Digital. Los activos se transfirieron "as is, where is" con representaciones y garant铆as limitadas.
Bit Digital y WhiteFiber suscribieron un Transition Services Agreement por el cual Bit Digital prestar谩, a costo, servicios especificados de finanzas, fiscalidad, legal, recursos humanos (RRHH), TI, seguros y otros servicios administrativos, estimando WhiteFiber unas tarifas medias de aproximadamente $155,000 per month (excluida la retribuci贸n basada en acciones). El plazo de los servicios se extiende generalmente hasta 24 months, y cada parte indemniza a la otra por incumplimientos materiales y ciertas conductas indebidas, excluyendo la responsabilidad por da帽os indirectos o consecuentes.
Bit Digital鞚� 鞛愴殞靷� WhiteFiber鞚� 瓿惦毳� 鞕勲頄堨溂氅�, WhiteFiber電� 氤错喌欤� 9,375,000欤茧ゼ 欤茧嫻 $17.00鞐� 毵り皝頃橃棳 鞚胳垬靾橃垬耄� 氚� 瓿惦 牍勳毄 瓿奠牅 鞝� 齑濎垬鞚� $159,375,000毳� 頇曤炒頄堨姷雼堧嫟. 氇摖 瓿惦 欤检嫕鞚� WhiteFiber臧� 毵り皝頄堨溂氅�, 瓿惦 頉� Bit Digital鞚� WhiteFiber鞚� 氚滍枆 氚� 鞙犿喌 氤错喌欤� 欷� 鞎� 74.3%毳� 氤挫湢頃橁矊 霅╇媹雼�. 30鞚缄皠鞚� 鞚胳垬鞚� 鞓奠厴鞙茧 斓滊寑 1,406,250欤检潣 於旉皜 欤检嫕鞚� 鞝勲秬 頄夓偓頃� 瓴届毎 Bit Digital鞚� 歆�攵勳潃 鞎� 71.5%搿� 雮晞歆戨媹雼�.
Bit Digital鞚� HPC 靷梾鞚� WhiteFiber鞐� 於滌瀽頃橁碃 攴� 雽�臧�搿� 27,043,749欤检潣 WhiteFiber 氤错喌欤茧ゼ 氚涭晿鞀惦媹雼�. 鞚� 於滌瀽電� 欤茧 HPC 靷梾 甏�霠� 鞛愳偘鞚� WhiteFiber搿� 鞚挫爠頄堨溂氅�, WhiteFiber鞚� 攵�毂� 氚� 韸轨爼 甏�霠� 鞛愳偘鞚� 靹る獏霅� 氚旍檧 臧欖澊 氚半秳霅橃棃瓿�, 旮绊儉 Bit Digital鞚� 鞛愳偘 氚� 攵�毂勲姅 Bit Digital鞐� 鞛旍〈頃╇媹雼�. 鞛愳偘鞚� 鞝滍暅霅� 歆勳垹 氚� 氤挫瓿� 頃粯 "as is, where is" 氚╈嫕鞙茧 鞚挫爠霅橃棃鞀惦媹雼�.
Bit Digital瓿� WhiteFiber電� Transition Services Agreement毳� 觳搓舶頄堨溂氅�, 鞚挫棎 霐半澕 Bit Digital鞚� 牍勳毄 旮办鞙茧 韸轨爼 鞛, 靹鸽, 氩曤, 鞚胳偓(HR), IT, 氤错棙 氚� 旮绊儉 頄夓爼 靹滊箘鞀るゼ 鞝滉车頃� 鞓堨爼鞛呺媹雼�. WhiteFiber電� 欤检嫕 旮半皹 氤挫儊鞚� 鞝滌櫢頃橁碃 韽夑窢 靾橃垬耄岅皜 鞎� $155,000 per month搿� 於旍爼頃╇媹雼�. 靹滊箘鞀� 旮瓣皠鞚� 鞚茧皹鞝侅溂搿� 斓滊寑 24 months旯岇鞚措┌, 臧� 雼轨偓鞛愲姅 欷戨寑頃� 鞙勲皹 氚� 韸轨爼 鞙勲矔頄夓渼鞐� 雽�頃� 靹滊毳� 氅挫眳頃橂悩 臧勳爲鞝� 霕愲姅 瓴瓣臣鞝� 靻愴暣鞐� 雽�頃� 毂呾瀯鞚� 鞝滌櫢頃╇媹雼�.
Bit Digital a finalis茅 une offre de sa filiale WhiteFiber, qui a vendu 9,375,000 actions ordinaires 脿 17,00 $ l'action, g茅n茅rant un produit brut de 159,375,000 $ avant remises de souscription et frais d'茅mission. Toutes les actions offertes ont 茅t茅 vendues par WhiteFiber et, apr猫s l'offre, Bit Digital d茅tient environ 74,3 % des actions ordinaires 茅mises et en circulation de WhiteFiber. Une option de souscription de 30 jours portant sur jusqu'脿 1,406,250 actions suppl茅mentaires, si elle 茅tait enti猫rement exerc茅e, ram猫nerait la participation de Bit Digital 脿 environ 71,5 %.
Bit Digital a apport茅 son activit茅 HPC 脿 WhiteFiber en 茅change de 27,043,749 actions ordinaires de WhiteFiber. L'apport a transf茅r茅 principalement des actifs li茅s 脿 l'activit茅 HPC 脿 WhiteFiber, tandis que les passifs de WhiteFiber et certains actifs li茅s 脿 WhiteFiber ont 茅t茅 allou茅s comme d茅crit ; les autres actifs et passifs de Bit Digital ont 茅t茅 conserv茅s par Bit Digital. Les actifs ont 茅t茅 transf茅r茅s "as is, where is" avec des d茅clarations et garanties limit茅es.
Bit Digital et WhiteFiber ont conclu un Transition Services Agreement par lequel Bit Digital fournira, au co没t, des services sp茅cifi茅s en mati猫re de finance, fiscalit茅, juridique, ressources humaines (RH), informatique, assurance et autres services administratifs, WhiteFiber estimant des frais moyens d'environ $155,000 per month (hors r茅mun茅ration en actions). La dur茅e des services s'茅tend g茅n茅ralement jusqu'脿 24 months, et chaque partie indemnise l'autre en cas de manquements importants et de certaines fautes, tout en excluant la responsabilit茅 pour les dommages indirects ou cons茅cutifs.
Bit Digital hat eine Platzierung seiner Tochtergesellschaft WhiteFiber abgeschlossen, wobei WhiteFiber 9,375,000 Stammaktien zu je $17.00 verkaufte und Bruttoerl枚se von $159,375,000 vor Zeichnerabschl盲gen und Emissionskosten erzielte. Alle angebotenen Aktien wurden von WhiteFiber verkauft und nach der Platzierung h盲lt Bit Digital ungef盲hr 74,3% der ausgegebenen und ausstehenden Stammaktien von WhiteFiber. Eine 30-t盲gige 脺bernahmeoption f眉r bis zu 1,406,250 zus盲tzliche Aktien w眉rde bei vollst盲ndiger Aus眉bung den Anteil von Bit Digital auf etwa 71,5% reduzieren.
Bit Digital hat sein HPC-Gesch盲ft in WhiteFiber eingebracht und daf眉r 27,043,749 WhiteFiber-Stammaktien erhalten. Die Einlage 眉bertrug haupts盲chlich Verm枚genswerte, die mit dem HPC-Gesch盲ft zusammenh盲ngen, an WhiteFiber, w盲hrend Verbindlichkeiten von WhiteFiber und bestimmte whitefiber-bezogene Verm枚genswerte wie beschrieben zugeteilt wurden; weitere Verm枚genswerte und Verbindlichkeiten von Bit Digital verblieben bei Bit Digital. Verm枚genswerte wurden im "as is, where is"-Zustand mit eingeschr盲nkten Zusicherungen und Gew盲hrleistungen 眉bertragen.
Bit Digital und WhiteFiber haben einen Transition Services Agreement geschlossen, wonach Bit Digital gegen Kostenerstattung bestimmte Finanz-, Steuer-, Rechts-, Personal (HR)-, IT-, Versicherungs- und sonstige Verwaltungsdienstleistungen erbringt. WhiteFiber sch盲tzt die durchschnittlichen Geb眉hren auf etwa $155,000 per month (ohne aktienbasierte Verg眉tung). Die Laufzeit der Leistungen erstreckt sich in der Regel bis zu 24 months, und jede Partei entsch盲digt die andere bei wesentlichen Verst枚脽en und bestimmtem Fehlverhalten, wobei die Haftung f眉r indirekte oder Folgesch盲den ausgeschlossen ist.
- WhiteFiber raised $159,375,000 in gross proceeds from the public offering of 9,375,000 shares at $17.00 per share.
- Bit Digital retains a majority stake (~74.3%) in WhiteFiber after the offering, maintaining control of the carved鈥憃ut HPC business.
- Transaction created a listed vehicle for the HPC business and established a Transition Services Agreement to support continuity of operations.
- Assets transferred "as is" with limited representations and warranties, shifting legal and title risk to the transferees.
- Bit Digital retained certain liabilities
- Underwriters have a 30-day option for 1,406,250 shares,
Insights
TL;DR: The spin and IPO separate the HPC business into a public company, raising meaningful capital while Bit Digital retains a majority stake.
The offering of 9,375,000 shares at $17 for gross proceeds of $159,375,000 establishes WhiteFiber as a publicly listed vehicle for the contributed HPC business. Bit Digital received 27,043,749 WhiteFiber shares in the Contribution and remains the majority holder at ~74.3%, preserving control while monetizing part of the business through a carve-out.
Key structural elements for investors include the underwriter option (1,406,250 shares) that could dilute Bit Digital to ~71.5%, the "as is" asset transfers with limited reps and warranties that shift conveyance risk to the transferees, and the Transition Services Agreement that preserves operational continuity. These terms are material to valuation and integration risk assessments.
TL;DR: The transaction injects $159.4M into the newly public WhiteFiber, leaves Bit Digital with majority equity, and allocates operational continuity via a paid TSA.
From a financial standpoint, WhiteFiber raised $159,375,000 in gross proceeds from its IPO of 9,375,000 shares at $17.00 per share. Bit Digital鈥檚 post-transaction holding of ~74.3% (potentially ~71.5% if overallotment is exercised) keeps consolidation and related-party considerations relevant for BTBT reporting.
The Contribution exchanged Bit Digital鈥檚 HPC subsidiaries for 27,043,749 WhiteFiber shares and allocated assets and liabilities between the entities. The Transition Services Agreement estimates average fees of ~ $155,000 per month (excluding share-based pay) for up to 24 months, which provides predictable near-term cost recovery but also creates related-party cash flows to monitor.
Bit Digital ha completato un'offerta della sua controllata WhiteFiber, che ha venduto 9,375,000 azioni ordinarie a $17.00 per azione, generando proventi lordi di $159,375,000 prima degli sconti di sottoscrizione e delle spese dell'offerta. Tutte le azioni offerte sono state vendute da WhiteFiber e, dopo l'offerta, Bit Digital detiene circa il 74,3% delle azioni ordinarie emesse e in circolazione di WhiteFiber. Un'opzione di sottoscrizione di 30 giorni per fino a 1,406,250 azioni aggiuntive, se esercitata per intero, ridurrebbe la partecipazione di Bit Digital a circa il 71,5%.
Bit Digital ha conferito il proprio business HPC a WhiteFiber in cambio di 27,043,749 azioni ordinarie di WhiteFiber. Il conferimento ha trasferito ad WhiteFiber principalmente attivit脿 correlate al business HPC, mentre le passivit脿 di WhiteFiber e talune attivit脿 correlate a WhiteFiber sono state allocate come descritto; le altre attivit脿 e passivit脿 di Bit Digital sono rimaste in capo a Bit Digital. Gli asset sono stati trasferiti "as is, where is" con rappresentazioni e garanzie limitate.
Bit Digital e WhiteFiber hanno stipulato un Transition Services Agreement in base al quale Bit Digital fornir脿, a costo, servizi specifici di finanza, fiscalit脿, legale, risorse umane (HR), IT, assicurazione e altri servizi amministrativi, con WhiteFiber che stima commissioni medie di circa $155,000 per month (escluse le remunerazioni basate su azioni). Il periodo dei servizi si estende generalmente fino a 24 months, e ciascuna parte indennizza l'altra per violazioni materiali e taluni illeciti, escludendo la responsabilit脿 per danni indiretti o consequenziali.
Bit Digital complet贸 una oferta de su filial WhiteFiber, que vendi贸 9,375,000 acciones ordinarias a $17.00 por acci贸n, generando ingresos brutos de $159,375,000 antes de descuentos de suscripci贸n y gastos de la oferta. Todas las acciones ofrecidas fueron vendidas por WhiteFiber y, tras la oferta, Bit Digital posee aproximadamente el 74,3% de las acciones ordinarias emitidas y en circulaci贸n de WhiteFiber. Una opci贸n de suscripci贸n de 30 d铆as para hasta 1,406,250 acciones adicionales, si se ejerciera en su totalidad, reducir铆a la participaci贸n de Bit Digital a aproximadamente el 71,5%.
Bit Digital aport贸 su negocio HPC a WhiteFiber a cambio de 27,043,749 acciones ordinarias de WhiteFiber. La aportaci贸n transfiri贸 a WhiteFiber principalmente activos relacionados con el negocio HPC, mientras que las obligaciones de WhiteFiber y ciertos activos relacionados con WhiteFiber se asignaron seg煤n lo descrito; otros activos y pasivos de Bit Digital se conservaron en Bit Digital. Los activos se transfirieron "as is, where is" con representaciones y garant铆as limitadas.
Bit Digital y WhiteFiber suscribieron un Transition Services Agreement por el cual Bit Digital prestar谩, a costo, servicios especificados de finanzas, fiscalidad, legal, recursos humanos (RRHH), TI, seguros y otros servicios administrativos, estimando WhiteFiber unas tarifas medias de aproximadamente $155,000 per month (excluida la retribuci贸n basada en acciones). El plazo de los servicios se extiende generalmente hasta 24 months, y cada parte indemniza a la otra por incumplimientos materiales y ciertas conductas indebidas, excluyendo la responsabilidad por da帽os indirectos o consecuentes.
Bit Digital鞚� 鞛愴殞靷� WhiteFiber鞚� 瓿惦毳� 鞕勲頄堨溂氅�, WhiteFiber電� 氤错喌欤� 9,375,000欤茧ゼ 欤茧嫻 $17.00鞐� 毵り皝頃橃棳 鞚胳垬靾橃垬耄� 氚� 瓿惦 牍勳毄 瓿奠牅 鞝� 齑濎垬鞚� $159,375,000毳� 頇曤炒頄堨姷雼堧嫟. 氇摖 瓿惦 欤检嫕鞚� WhiteFiber臧� 毵り皝頄堨溂氅�, 瓿惦 頉� Bit Digital鞚� WhiteFiber鞚� 氚滍枆 氚� 鞙犿喌 氤错喌欤� 欷� 鞎� 74.3%毳� 氤挫湢頃橁矊 霅╇媹雼�. 30鞚缄皠鞚� 鞚胳垬鞚� 鞓奠厴鞙茧 斓滊寑 1,406,250欤检潣 於旉皜 欤检嫕鞚� 鞝勲秬 頄夓偓頃� 瓴届毎 Bit Digital鞚� 歆�攵勳潃 鞎� 71.5%搿� 雮晞歆戨媹雼�.
Bit Digital鞚� HPC 靷梾鞚� WhiteFiber鞐� 於滌瀽頃橁碃 攴� 雽�臧�搿� 27,043,749欤检潣 WhiteFiber 氤错喌欤茧ゼ 氚涭晿鞀惦媹雼�. 鞚� 於滌瀽電� 欤茧 HPC 靷梾 甏�霠� 鞛愳偘鞚� WhiteFiber搿� 鞚挫爠頄堨溂氅�, WhiteFiber鞚� 攵�毂� 氚� 韸轨爼 甏�霠� 鞛愳偘鞚� 靹る獏霅� 氚旍檧 臧欖澊 氚半秳霅橃棃瓿�, 旮绊儉 Bit Digital鞚� 鞛愳偘 氚� 攵�毂勲姅 Bit Digital鞐� 鞛旍〈頃╇媹雼�. 鞛愳偘鞚� 鞝滍暅霅� 歆勳垹 氚� 氤挫瓿� 頃粯 "as is, where is" 氚╈嫕鞙茧 鞚挫爠霅橃棃鞀惦媹雼�.
Bit Digital瓿� WhiteFiber電� Transition Services Agreement毳� 觳搓舶頄堨溂氅�, 鞚挫棎 霐半澕 Bit Digital鞚� 牍勳毄 旮办鞙茧 韸轨爼 鞛, 靹鸽, 氩曤, 鞚胳偓(HR), IT, 氤错棙 氚� 旮绊儉 頄夓爼 靹滊箘鞀るゼ 鞝滉车頃� 鞓堨爼鞛呺媹雼�. WhiteFiber電� 欤检嫕 旮半皹 氤挫儊鞚� 鞝滌櫢頃橁碃 韽夑窢 靾橃垬耄岅皜 鞎� $155,000 per month搿� 於旍爼頃╇媹雼�. 靹滊箘鞀� 旮瓣皠鞚� 鞚茧皹鞝侅溂搿� 斓滊寑 24 months旯岇鞚措┌, 臧� 雼轨偓鞛愲姅 欷戨寑頃� 鞙勲皹 氚� 韸轨爼 鞙勲矔頄夓渼鞐� 雽�頃� 靹滊毳� 氅挫眳頃橂悩 臧勳爲鞝� 霕愲姅 瓴瓣臣鞝� 靻愴暣鞐� 雽�頃� 毂呾瀯鞚� 鞝滌櫢頃╇媹雼�.
Bit Digital a finalis茅 une offre de sa filiale WhiteFiber, qui a vendu 9,375,000 actions ordinaires 脿 17,00 $ l'action, g茅n茅rant un produit brut de 159,375,000 $ avant remises de souscription et frais d'茅mission. Toutes les actions offertes ont 茅t茅 vendues par WhiteFiber et, apr猫s l'offre, Bit Digital d茅tient environ 74,3 % des actions ordinaires 茅mises et en circulation de WhiteFiber. Une option de souscription de 30 jours portant sur jusqu'脿 1,406,250 actions suppl茅mentaires, si elle 茅tait enti猫rement exerc茅e, ram猫nerait la participation de Bit Digital 脿 environ 71,5 %.
Bit Digital a apport茅 son activit茅 HPC 脿 WhiteFiber en 茅change de 27,043,749 actions ordinaires de WhiteFiber. L'apport a transf茅r茅 principalement des actifs li茅s 脿 l'activit茅 HPC 脿 WhiteFiber, tandis que les passifs de WhiteFiber et certains actifs li茅s 脿 WhiteFiber ont 茅t茅 allou茅s comme d茅crit ; les autres actifs et passifs de Bit Digital ont 茅t茅 conserv茅s par Bit Digital. Les actifs ont 茅t茅 transf茅r茅s "as is, where is" avec des d茅clarations et garanties limit茅es.
Bit Digital et WhiteFiber ont conclu un Transition Services Agreement par lequel Bit Digital fournira, au co没t, des services sp茅cifi茅s en mati猫re de finance, fiscalit茅, juridique, ressources humaines (RH), informatique, assurance et autres services administratifs, WhiteFiber estimant des frais moyens d'environ $155,000 per month (hors r茅mun茅ration en actions). La dur茅e des services s'茅tend g茅n茅ralement jusqu'脿 24 months, et chaque partie indemnise l'autre en cas de manquements importants et de certaines fautes, tout en excluant la responsabilit茅 pour les dommages indirects ou cons茅cutifs.
Bit Digital hat eine Platzierung seiner Tochtergesellschaft WhiteFiber abgeschlossen, wobei WhiteFiber 9,375,000 Stammaktien zu je $17.00 verkaufte und Bruttoerl枚se von $159,375,000 vor Zeichnerabschl盲gen und Emissionskosten erzielte. Alle angebotenen Aktien wurden von WhiteFiber verkauft und nach der Platzierung h盲lt Bit Digital ungef盲hr 74,3% der ausgegebenen und ausstehenden Stammaktien von WhiteFiber. Eine 30-t盲gige 脺bernahmeoption f眉r bis zu 1,406,250 zus盲tzliche Aktien w眉rde bei vollst盲ndiger Aus眉bung den Anteil von Bit Digital auf etwa 71,5% reduzieren.
Bit Digital hat sein HPC-Gesch盲ft in WhiteFiber eingebracht und daf眉r 27,043,749 WhiteFiber-Stammaktien erhalten. Die Einlage 眉bertrug haupts盲chlich Verm枚genswerte, die mit dem HPC-Gesch盲ft zusammenh盲ngen, an WhiteFiber, w盲hrend Verbindlichkeiten von WhiteFiber und bestimmte whitefiber-bezogene Verm枚genswerte wie beschrieben zugeteilt wurden; weitere Verm枚genswerte und Verbindlichkeiten von Bit Digital verblieben bei Bit Digital. Verm枚genswerte wurden im "as is, where is"-Zustand mit eingeschr盲nkten Zusicherungen und Gew盲hrleistungen 眉bertragen.
Bit Digital und WhiteFiber haben einen Transition Services Agreement geschlossen, wonach Bit Digital gegen Kostenerstattung bestimmte Finanz-, Steuer-, Rechts-, Personal (HR)-, IT-, Versicherungs- und sonstige Verwaltungsdienstleistungen erbringt. WhiteFiber sch盲tzt die durchschnittlichen Geb眉hren auf etwa $155,000 per month (ohne aktienbasierte Verg眉tung). Die Laufzeit der Leistungen erstreckt sich in der Regel bis zu 24 months, und jede Partei entsch盲digt die andere bei wesentlichen Verst枚脽en und bestimmtem Fehlverhalten, wobei die Haftung f眉r indirekte oder Folgesch盲den ausgeschlossen ist.
FAQ
How many shares did WhiteFiber offer in the IPO and at what price?
What were the gross proceeds from WhiteFiber's offering?
What percentage of WhiteFiber does Bit Digital own after the offering (BTBT)?
What did Bit Digital contribute to WhiteFiber and what did it receive?
What are the key terms of the Transition Services Agreement (TSA)?
