Bit Digital, Inc. SVP Finance & Chief Accounting Officer Resigns

What Happened

• Bit Digital, Inc. filed an 8-K reporting that Justin Zhu notified the Board he will resign as the Company’s Senior Vice President of Finance and Chief Accounting Officer, effective August 1, 2026.
• Mr. Zhu’s resignation follows his appointment as Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer of WhiteFiber, Inc., effective August 1, 2026. The filing states the departure was not due to any disagreement with Bit Digital’s operations, policies or practices.

Key Details

• Effective date: August 1, 2026.
• New role: Justin Zhu appointed CFO, Principal Financial Officer and Principal Accounting Officer of WhiteFiber, Inc., effective August 1, 2026.
• Transition arrangement: Departure arises under a Transition Services Agreement between Bit Digital and WhiteFiber dated July 30, 2025; that agreement generally terminates in August 2027.
• No disagreement: Company notes resignation was not the result of any disagreement with Bit Digital.

Why It Matters

• A senior finance and accounting officer is central to financial reporting and internal controls. Investors should note the leadership change and monitor future disclosures about who will assume Mr. Zhu’s responsibilities and how the company will manage the transition.
• The filing clarifies the move is part of an agreed transition with WhiteFiber and not a dispute, and the Transition Services Agreement provides for ongoing coordination between the companies through roughly August 2027.