Slide 1: Bit Digital is an American sustainability-focused generator of digital assets
March 2022 Bit Digital is an American sustainability-focused generator of digital assets 1
Slide 2: Investor Notice
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 fis
Slide 3: Our Mission
Our To build the largest American digital asset mining platform while setting the standard for sustainability Mission 3
Slide 4: Bit Digital Highlights
Bit Digital Highlights Bit Digital Inc. (Nasdaq: BTBT) is a leading North American bitcoin miner focused on sustainability Bit Digital is an institutional scale digital asset miner, with a fleet of 38,475 specialized computers, diversified across four states in the U.S. Bit Digital maximizes ROE by
Slide 5: Bit Digital remains among the leaders in self-mined BTC
Bit Digital remains among the leaders in self-mined BTC 5,769 Successfully completed full exit of 4,845 miners from China to North America in Q3 2021; current fleet is now 100% in North America 3,575 3,534 2,045 2 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 Bit Argo Marathon Riot Core Digital Scientific
Slide 6: How We Got Here
How We Got Here 2021 was a year of industry leadership and growth February 2020 April 2021 May 2021 June 2021 October 2021 October 2021 March 2022 Commenced Announced 40MW Joined Foundry Announced 20MW Announced Signed purchase 39% of fleet Bitcoin Mining hosting USA Pool hosting closing of $80 agre
Slide 7: Leading the Americanization of Bitcoin Mining
Leading the Americanization of Bitcoin Mining Bitcoin mining is an industry with increasing barriers to entry Mining requires application-specific integrated circuits (“ASICs”) – advanced computers customized for bitcoin mining The supply of ASICs is severely constrained. Procurement requires both a
Slide 8: Strategic Procurement Advantage
Strategic Procurement Advantage Our miner procurement strategy is differentiated, allowing us to continue rapid scaling despite endemic industry supply constraints (e.g., chip shortages) o Through our deep proprietary network, we enjoy unrivaled access to the spot market for miners Purchase Delivery
Slide 9: Bit Digital is infrastructure-light, maximizing return to shareholders and operational resiliency
Bit Digital is infrastructure- light, maximizing return to shareholders and operational New York resiliency Nebraska o Capital investment focused primarily on ASICs (mining Georgia computers), not physical infrastructure (data centers Texas and power generation) Giving us negotiating power to ensure
Slide 10: Part of the US ecosystem for digital assets
Part of the US ecosystem for digital assets We are part of the US digital asset innovation ecosystem USA-based mining pool structured for stable payouts to miners, while setting new standards of professionalism, trust and transparency Leader in TIER 0™ data centers, focused on delivering the most su
Slide 11: Efficient hosting portfolio positioned for growth
Efficient hosting portfolio positioned for growth With over 200MW of contracted hosting power, we are positioned for strong fleet growth in 2022 Expected Hosting Roll-out Schedule Runway to 5.3 EH/s Expansion capacity 204 MW Current fleet and Expansion power contracted 82.2 MW announced purchases Un
Slide 12: ESG: We are a leader in digital asset sustainability
ESG: We are a leader in digital asset sustainability Our fleet was running on 67% carbon free energy as of December 31, 2021, without using any carbon credits or offsets Inspired by the Paris Climate Agreement, the CCA is a private sector- Our thought leadership led initiative for the entire crypto
Slide 13: Strong bitcoin and cash flow generation profile
Strong bitcoin and cash flow generation profile As of December 31, 2021 (pro forma) … * 37,744 bitcoin miners (2.6 EH/s) if all miners were deployed today and bitcoin’s price was $45,000… ** 1.4% of the global bitcoin hash rate = 12.4 BTC / day, or 373.2 BTC / month Projected revenue = $16.8 million
Slide 14: Leadership Team
Leadership Team BRYAN BULLETT Chief Executive Officer SAM V. TABAR Chief Strategy Officer Mr. Bullett has over 20 years’ experience Mr. Tabar served as the Co-Founder and Chief spanning financial services and technology. Strategy Officer of Fluidity from April 2017 to Since early 2020, he served as
Slide 15: Leadership Team
Leadership Team ERKE HUANG Chief Financial Officer & BROCK PIERCE Director Director Mr. Huang had served as Co-Founder and Mr. Pierce has served as Chairman of the Board advisor of Long Soar Technology Limited from for Bitcoin Foundation and Integro Foundation August 2019 to October 2020; Founder an
Slide 16: 33 Irving Place New York, NY 10003 United States
33 Irving Place New York, NY 10003 United States +1 212 463 5121 IR@bit-digital.com 16