Business Context and Reporting Period
This Form 8-K was filed by Bit Digital, Inc. on July 29, 2025. The report concerns WhiteFiber, Inc., a subsidiary of Bit Digital, which provides artificial intelligence (AI) infrastructure solutions, including high-performance computing (HPC) datacenters and cloud-based GPU services. The filing details an amendment to WhiteFiber's Form S-1 registration statement.
Key Financial Metrics
The filing provides preliminary unaudited financial estimates for WhiteFiber for the three months ended June 30, 2025. These figures are exclusive of depreciation.
- Estimated Revenue: $17.7 million to $19.6 million
- Estimated Cost of Revenue: $6.7 million to $7.4 million
- Profitability, Cash Flow, Debt, and Liquidity: The filing text does not provide clear values for net profit, operating cash flow, total debt, or liquidity metrics for this period.
Material Changes and Comparisons
The filing does not provide historical financial data for the prior comparable period (e.g., the three months ended March 31, 2025, or June 30, 2024). Consequently, no material changes or year-over-year comparisons can be derived from this document.
Guidance, Outlook, and Risks
Management Commentary and Status: The financial results presented are preliminary estimates based on currently available information. WhiteFiber's financial closing procedures for the period are not yet complete, meaning actual results may vary from these estimates. The independent registered public accounting firm, Audit Alliance LLP, has not audited or reviewed this information.
Risks and Contingencies: The report includes standard forward-looking statement disclaimers. It notes that actual results could differ materially due to known and unknown risks, including those detailed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024. The information in Item 2.02 is furnished and not deemed "filed" for purposes of Section 18 of the Exchange Act.
Investor Verification Checklist
- Verify the final audited financial results for WhiteFiber once the financial closing procedures are complete.
- Review the full Form S-1 registration statement to understand the scope of the proposed offering and detailed risk factors.
- Consult Bit Digital's most recent Form 10-K and 10-Q filings for consolidated historical financial data and debt obligations not covered in this subsidiary-specific report.
- Confirm the status of the Form S-1 amendment with the SEC to ensure the registration statement remains active.