BlackRock, Inc. Reports 7.8% Ownership in Bit Digital, Inc.

BlackRock, Inc. has filed a Schedule 13G with the SEC, disclosing a 7.8% ownership stake in Bit Digital, Inc. The filing indicates that BlackRock beneficially owns 25,041,108 shares of Bit Digital's common stock, with sole voting power over 24,332,842 shares and sole dispositive power over all 25,041,108 shares. The filing also notes that various persons have the right to receive dividends or proceeds from the sale of the common stock, but no single person's interest exceeds 5% of the total outstanding shares. The filing was made pursuant to Rule 13d-1(b) and includes certifications that the securities were acquired and are held in the ordinary course of business, not for the purpose of influencing control of the issuer.