<SEC-DOCUMENT>0001213900-21-061265.txt : 20220223
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<ACCEPTANCE-DATETIME>20211122171237
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ACCESSION NUMBER:		0001213900-21-061265
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20211122

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Bit Digital, Inc
		CENTRAL INDEX KEY:			0001710350
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE SERVICES [6199]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		33 IRVING PLACE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10003
		BUSINESS PHONE:		1-347-328-3680

	MAIL ADDRESS:	
		STREET 1:		33 IRVING PLACE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10003

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Golden Bull Ltd
		DATE OF NAME CHANGE:	20170626
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>BIT DIGITAL, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">33 Irving Place</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">New York, NY 10013</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-align: right; text-indent: 0.5in">November 22, 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Division of Corporation Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">U.S. Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Washington, DC 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Attention: Tonya K. Aldave</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<TD STYLE="width: 40pt; text-align: right"><B>Re:</B></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><B>Bit Digital, Inc.</B></TD>
</TR><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify"><B>Registration Statement on Form F-3</B></TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">&nbsp;</TD><TD><B>&nbsp;</B></TD><TD STYLE="text-align: justify"><B>Last Filed November 9, 2021</B></TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: right">&nbsp;</TD><TD><B>&nbsp;</B></TD><TD STYLE="text-align: justify"><B><U>File No. 333-260241</U></B></TD></TR>
     </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; margin-left: 0pt; text-indent: 0pt; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; margin-left: 0pt; text-indent: 0pt; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; margin-left: 0pt; text-indent: 0pt; text-align: justify"><B><U></U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Dear Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Bit Digital, Inc. (the
&ldquo;Company&rdquo;) is responding to the Staff&rsquo;s Comment Letter dated November 18, 2021. We have submitted Amendment No. 2 to
the Registration Statement (the &ldquo;Amendment&rdquo;) on this date reflecting the Company&rsquo;s responses. Set forth below are the
Company&rsquo;s responses, which appear in the same order of the comments which are repeated below for each of reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><U>Amendment No. 1 to Registration Statement on Form F-3</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><U>Digital Assets Transactions, page 8</U></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.3in">1.</TD><TD STYLE="text-align: justify">Refer to your response to comment 8. On page 8, you disclose that &ldquo;other than bitcoin, stablecoins,
WBTC tokens and ETH, [you] have no plans to hold material amounts of any other types of digital assets in the future.&rdquo; Please disclose
whether you have plans to hold material amounts of stablecoins, WBTC tokens and ETH, and, if so, disclose the business reasons for holding
material amounts of such digital assets. In addition, please disclose the specific stablecoins you plan to hold as well as the other types
of digital assets you plan to hold in the future, regardless of the amount of any such digital assets.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 22.5pt"><B><U>Response to No. 1</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 22.3pt; text-align: justify">This comment has been complied with.
We have made the following disclosure under Digital Asset Transactions on p. 8: &ldquo;We use Amber Group&rsquo;s OTC desk for selling
or exchanging bitcoins for US dollars, USDT (Tether, a stablecoin) or USDC (USD coin, a stablecoin) WBTC tokens, or ETH (Ethereum token).
We have held and may continue to hold these digital assets in order to fund working capital, to purchase mining equipment and for other
general corporate purposes. We have temporarily taken and may from time to time temporarily take receipt of other digital assets, the
amounts of which have not been material. Other than bitcoin, stablecoins, WBTC tokens and ETH, we have no plans to hold material amounts
of any other types of digital assets in the future.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>Risk Factors</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>Uncertainties in the interpretation and enforcement of Chinese laws
and regulations, page 16</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.3in">2.</TD><TD STYLE="text-align: justify">We note that you have removed a part of this risk factor relating to the PRC legal system and uncertainties
in enforcement of laws, rules and regulations in China. Please revise this risk factor to add back the removed disclosure.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 22.5pt"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 22.5pt"><B><U>Response to No. 2</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 22.5pt; text-align: justify">This comment has been complied with.
The removed disclosure has been added back. It is consistent with the risk factor disclosure on the cover page under &ldquo;Uncertainties
in the interpretation and enforcement of Chinese laws and regulations could limit the legal protections available to us.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>A particular digital asset&rsquo;s status as a &ldquo;security&rdquo;
in any relevant jurisdiction, page 39</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.3in">3.</TD><TD STYLE="text-align: justify">Refer to your response to comment 7. We note your disclosure that you exchange bitcoins for USDT or USDC.
Please disclose the risks associated with such digital assets, such as the risk of volatility of the digital assets. In addition, please
describe in more detail your internal processes for how you determine whether the digital assets you hold or plan to hold are securities
within the meaning of the U.S. federal securities laws.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 22.5pt; text-align: justify"><B><U>Response to No. 3</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 22.5pt; text-align: justify">This comment has been complied with
under the risk factor titled, &ldquo;A particular digital asset&rsquo;s status as a &ldquo;security&rdquo; in any relevant jurisdiction
is subject to a high degree of uncertainty and if a regulator disagrees with our characterization of a digital asset, we may be subject
to regulatory scrutiny, investigations, fines, and other penalties, which may adversely affect our business, operating results and financial
condition. Furthermore, a determination that Bitcoin or any other digital assets that we own or mine is a &ldquo;security&rdquo; may adversely
affect the value of Bitcoin and our business&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Please do not hesitate to contact our Securities Counsel,
Elliot H. Lutzker, at (646) 428-3210 if you have any questions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;&nbsp;</P>

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    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">Very truly yours,<B></B></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2"><B>BIT DIGITAL, INC.</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 60%">&nbsp;</TD>
    <TD STYLE="width: 4%">By:&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; width: 36%">/s/ <I>Erke Huang</I></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">Erke Huang<BR></TD></TR>
</TABLE>

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<TD STYLE="width: 15pt; text-align: left">cc:</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Elliot H. Lutzker, Esq.</TD>
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