Little bit Digital, Inc. appoints Justin Zhu as Vice President of Finance

NEW YORK, July 20, 2021 /PRNewswire/ — Little bit Digital, Inc. (Nasdaq: BTBT) (“Little bit Electronic” or the “Company”), a bitcoin mining business headquartered in New York with one of the major at present-owned fleets between US shown bitcoin miners, currently declared that the Business experienced appointed Justin Zhu as Vice President of Finance. He will report to CEO Bryan Bullett and CFO Erke Huang.

(PRNewsfoto/Bit Digital, Inc.) — (PRNewsfoto/Little bit Electronic, Inc.)

Mr. Zhu joined Little bit Digital in July 2021 with 9 a long time of encounter in fiscal expert services. He invested the previous 6 yrs as a Senior Supervisor in Ernst & Young’s Economic Accounting Advisory Expert services exercise in New York, mainly targeted on the fiscal expert services sector. All through his time at Ernst & Younger, he furnished accounting and reporting and transaction accounting advisory solutions to Fortune 500 companies to help clients meet numerous regulatory reporting specifications.

He begun his profession in PwC’s audit apply, mainly targeted on coverage firms. He has in-depth awareness in matters pertaining to mergers and acquisitions, accounting rules and expectations for financial reporting under US GAAP, as nicely as SEC public company reporting compliance.

He is a Certified General public Accountant and holds a Master’s diploma in Taxation and a Bachelor’s degree in Accounting, each from Baruch Higher education in New York Town.

“Justin’s huge professional experience in audit and advisory providers even further improves Bit Digital’s abilities linked to general public company compliance,” explained Bryan Bullett, Little bit Digital’s CEO. “We are content to have him as we continue on to even further institutionalize the ranks of our US-primarily based administration staff. On behalf of the total crew, we formally welcome Justin aboard.”

About Bit Electronic

Little bit Electronic, Inc. is a bitcoin mining business headquartered in New York Town with 1 of the most significant at the moment-owned fleets between US outlined bitcoin miners. Our operations are in the United States and Canada. For further information and facts, remember to call Samir Tabar at sam@little bit-electronic.com or stop by our www.bit-digital.com.

Trader Notice

Investing in our securities requires a substantial diploma of possibility. Just before generating an investment decision determination, you should really thoroughly look at the challenges, uncertainties and ahead-hunting statements described underneath “Danger Elements” in Product 3.D of our most recent Annual Report on Form 20-F for the fiscal yr ended December 31, 2020. If any materials chance was to take place, our business, economical condition or effects of operations would probably go through. In that function, the benefit of our securities could drop and you could drop portion or all of your financial investment. The risks and uncertainties we explain are not the only ones facing us. More pitfalls not presently regarded to us or that we at the moment deem immaterial may perhaps also impair our organization operations. In addition, our previous fiscal overall performance may possibly not be a reputable indicator of upcoming performance, and historic developments should not be used to foresee outcomes in the long term. Foreseeable future changes in the network-wide mining issue level or Bitcoin hash charge, as nicely as other aspects further than our control, might also materially affect the upcoming general performance of Bit Digital’s manufacturing of bitcoin. Also, all discussions of economical metrics believe mining difficulty costs as of July 2021. See “Safe and sound Harbor Statement” down below.

Risk-free Harbor Statement

This press release may perhaps incorporate specified “forward-looking statements” relating to the small business of Bit Electronic, Inc., and its subsidiary corporations. All statements, other than statements of historical reality incorporated herein are “forward-looking statements.” These forward-on the lookout statements are usually identified by the use of forward-wanting terminology these types of as “believes,” “expects,” or very similar expressions, involving acknowledged and mysterious pitfalls and uncertainties. Even though the business believes that the anticipations reflected in these ahead-hunting statements are fair, they do involve assumptions, risks and uncertainties, and these anticipations might show to be incorrect. Traders must not spot undue reliance on these ahead-wanting statements, which discuss only as of the date of this press launch. The company’s genuine outcomes could differ materially from individuals expected in these ahead-hunting statements as a consequence of a wide variety of aspects, including those people reviewed in the company’s periodic reports that are filed with the Securities and Trade Commission and obtainable on its internet site at http://www.sec.gov. All ahead-searching statements attributable to the corporation or individuals performing on its behalf are expressly skilled in their entirety by these variables. Other than as expected underneath the securities legal guidelines, the company does not believe a duty to update these ahead-searching statements.

[1] Genuine functioning hash level will fluctuate based on community issues fee, full hash level of the community, the functions of our services and the position of our miners.