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Bit Digital | SC 13G/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-BlackRock, Inc.(10.7%)

SEC ·  Mar 8 01:37
Summary by Futu AI
On February 29, 2024, BlackRock, Inc., a Delaware-based investment management corporation, filed an amended Schedule 13G with the Securities and Exchange Commission (SEC), indicating a significant ownership stake in Bit Digital, Inc., a company specializing in cryptocurrency mining. The filing, which is a standard requirement for parties owning more than 5% of a company's stock, shows that BlackRock now beneficially owns 9,671,976 shares of Bit Digital's common stock, representing 10.7% of the company's class of securities. This position gives BlackRock sole voting power over 8,975,552 shares and sole dispositive power over the entire 9,671,976 shares it holds. The filing does not indicate any intention by BlackRock to change or influence the control of Bit Digital, Inc. The date of the event which required the filing of this statement was February 29, 2024, and the document was officially signed on March 6, 2024, by Spencer Fleming, Attorney-In-Fact for BlackRock, Inc.
On February 29, 2024, BlackRock, Inc., a Delaware-based investment management corporation, filed an amended Schedule 13G with the Securities and Exchange Commission (SEC), indicating a significant ownership stake in Bit Digital, Inc., a company specializing in cryptocurrency mining. The filing, which is a standard requirement for parties owning more than 5% of a company's stock, shows that BlackRock now beneficially owns 9,671,976 shares of Bit Digital's common stock, representing 10.7% of the company's class of securities. This position gives BlackRock sole voting power over 8,975,552 shares and sole dispositive power over the entire 9,671,976 shares it holds. The filing does not indicate any intention by BlackRock to change or influence the control of Bit Digital, Inc. The date of the event which required the filing of this statement was February 29, 2024, and the document was officially signed on March 6, 2024, by Spencer Fleming, Attorney-In-Fact for BlackRock, Inc.
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