Bit Digital finance officer Justin Zhu to resign

Bit Digital Inc. reports that Justin Zhu has notified its Board that he will resign as Senior Vice President of Finance and Chief Accounting Officer, effective August 1, 2026.

Rhea-AI Filing Summary

Bit Digital Inc. reports that Justin Zhu has notified its Board that he will resign as Senior Vice President of Finance and Chief Accounting Officer, effective August 1, 2026. The change follows his appointment as Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer of WhiteFiber, Inc. as of the same date.

The company states that Zhu’s transition does not result from any disagreement regarding operations, policies or practices. The move occurs under a Transition Services Agreement between Bit Digital and WhiteFiber dated July 30, 2025, which is expected to generally terminate in August 2027.

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Resignation effective date: August 1, 2026 Transition Services Agreement date: July 30, 2025 Transition Services Agreement termination: August 2027

3 metrics

Resignation effective date August 1, 2026 Effective date of Justin Zhu’s resignation as SVP of Finance and Chief Accounting Officer

Transition Services Agreement date July 30, 2025 Date of the Transition Services Agreement between Bit Digital and WhiteFiber

Transition Services Agreement termination August 2027 Expected general termination timing of the Transition Services Agreement

Key Terms

Principal Financial Officer, Principal Accounting Officer, Transition Services Agreement, Emerging growth company

4 terms

Principal Financial Officer regulatory

"appointed Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer"

The principal financial officer is the senior executive who runs a company's financial operations: preparing and certifying financial reports, managing accounting controls, budgets and cash flow, and advising on financial strategy. Investors care about this role because its competence affects how trustworthy the company’s numbers are, how well it manages risk and capital needs, and the credibility of forecasts—like the chief navigator steering a firm's financial course.

Principal Accounting Officer regulatory

"appointed Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer"

The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.

Transition Services Agreement regulatory

"pursuant to the terms and conditions of the Transition Services Agreement dated July 30, 2025"

A transition services agreement is a formal arrangement where one company continues to provide essential services—such as IT, human resources, or accounting—to another company after a business deal or change in ownership. It acts like a temporary bridge, ensuring smooth operations during a transition period. For investors, it provides clarity on how long support will last and helps assess potential costs and stability during the change.

Emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What executive change did Bit Digital (BTBT) disclose in this 8-K?

Bit Digital (BTBT) disclosed that Justin Zhu will resign as Senior Vice President of Finance and Chief Accounting Officer, effective August 1, 2026. He is leaving to assume the roles of Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer at WhiteFiber, Inc.

When is Justin Zhu’s resignation from Bit Digital (BTBT) effective?

Justin Zhu’s resignation from Bit Digital (BTBT) as Senior Vice President of Finance and Chief Accounting Officer is effective on August 1, 2026. His departure coincides with his start date as Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer of WhiteFiber, Inc.

Why is Justin Zhu leaving Bit Digital (BTBT)?

Justin Zhu is leaving Bit Digital (BTBT) because he has been appointed Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer of WhiteFiber, Inc. His new roles at WhiteFiber become effective August 1, 2026, the same date his resignation at Bit Digital takes effect.

Did Justin Zhu have any disagreements with Bit Digital (BTBT) leading to his resignation?

The company states that Justin Zhu’s transition did not result from any disagreement with Bit Digital (BTBT) regarding its operations, policies or practices. His departure is linked instead to his appointment to senior finance roles at WhiteFiber, Inc.

What is the Transition Services Agreement mentioned by Bit Digital (BTBT)?

Bit Digital (BTBT) references a Transition Services Agreement dated July 30, 2025, between Bit Digital and WhiteFiber, Inc. The company explains that Zhu’s transition occurs pursuant to this agreement, which is expected to generally terminate in August 2027.

How long will the Transition Services Agreement between Bit Digital (BTBT) and WhiteFiber last?

The Transition Services Agreement between Bit Digital (BTBT) and WhiteFiber, Inc. was dated July 30, 2025 and is expected to generally terminate in August 2027. Justin Zhu’s move to WhiteFiber is described as occurring pursuant to this agreement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K 

Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 30, 2026

BIT DIGITAL INC.

(Exact name of Registrant as specified in its charter)

Cayman Islands		001-38421		98-1606989
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

31 Hudson Yards, Floor 11

New York, NY 10001

(212) 463-5121 

(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant’s Principal Executive Offices)

Not Applicable

 (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol		Name of each exchange on which registered
Ordinary Shares, par value $0.01 per share		BTBT		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Resignation of Justin Zhu as Senior Vice President of Finance and Chief Accounting Officer

On July 30, 2026, Justin Zhu notified the Board of Directors (the “Board”) of Bit Digital, Inc. (the “Company”) that he would resign as the Company’s Senior Vice President of Finance and Chief Accounting Officer, effective August 1, 2026.

Mr. Zhu’s resignation was a consequence of his being appointed Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer of WhiteFiber, Inc. as of August 1, 2026. Mr. Zhu’s transition did not result from any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. This transition occurred pursuant to the terms and conditions of the Transition Services Agreement dated July 30, 2025, by and between Bit Digital and WhiteFiber, Inc. which will generally terminate in August 2027.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits: None.

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BIT DIGITAL INC.
Date: August 3, 2026	By:	/s/ Samir Tabar
		Samir Tabar
		Chief Executive Officer

2

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL SCHEMA FILE 3.0 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB