<SEC-DOCUMENT>0001213900-25-063340.txt : 20251219
<SEC-HEADER>0001213900-25-063340.hdr.sgml : 20251219
<ACCEPTANCE-DATETIME>20250711171132
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001213900-25-063340
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250711

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			White Fiber, Inc.
		CENTRAL INDEX KEY:			0002042022
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE SERVICES [6199]
		ORGANIZATION NAME:           	09 Crypto Assets
		EIN:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		31 HUDSON YARDS
		STREET 2:		FLOOR 11
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001
		BUSINESS PHONE:		212-463-5121

	MAIL ADDRESS:	
		STREET 1:		31 HUDSON YARDS
		STREET 2:		FLOOR 11
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	White Fiber, Inc.
		DATE OF NAME CHANGE:	20241021
</SEC-HEADER>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.5pt; text-align: center">DAVIDOFF HUTCHER &amp; CITRON LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.5pt; text-align: center">605 Third Avenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.5pt; text-align: center">New York, New York 10158</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.5pt; text-align: center">Tel: (212) 557-7200</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.5pt; text-align: center">Fax: (212) 286-1884</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.5pt; text-align: center">WWW.DCHLEGAL.COM</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.5pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>WRITER&rsquo;S DIRECT: (646) 428-3210</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>E-MAIL ADDRESS: ehl@dhclegal.com</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">July 11, 2025</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>VIA EDGAR CORRESPONDENCE</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. John Dana Brown</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ms. Irene Paik</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. Rolf Sundwall</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. David Irving</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">100 F Street, NE</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">Re:</TD><TD>Amendment No. 2 to WhiteFiber, Inc.<BR>
Draft Registration Statement on Form S-1<BR>
Submitted June 9, 2025<BR>
<U>CIK No. 0002042022</U></TD></TR></TABLE>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On behalf of our client, WhiteFiber,
Inc. (the &ldquo;Company&rdquo;), a Cayman Islands exempted company, and pursuant to the applicable provisions of the Securities Act of
1933, as amended (the &ldquo;Securities Act&rdquo;) and the rules and regulations promulgated thereunder, we hereby submit in electronic
form the responses of the Company to comments received from the Division of Corporation Finance (the &ldquo;Staff&rdquo;) of the U.S.
Securities and Exchange Commission (the &ldquo;Commission&rdquo;) in a letter dated June 23, 2025 (the &ldquo;Comment Letter&rdquo;).
Additional oral comments, numbers 10 and 11 below, were received from the Staff on May 21, 2025.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Concurrently with the submission
of this letter, the Company has filed a Registration Statement on Form S-1 (the &ldquo;Registration Statement&rdquo;). The Registration
Statement reflects the responses of the Company to the Comment Letter. The discussion below is presented in the order of the comments
received from the Staff. Certain capitalized terms set forth in this letter are used as defined in the Registration Statement. For your
convenience, reference in the responses to page numbers are to where they appear in the Registration Statement and to the prospectus contained
therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 130.3pt 0pt 15.85pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 130.3pt 0pt 15.85pt; text-align: justify"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 130.3pt 0pt 15.85pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 130.3pt 0pt 15.85pt; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">DAVIDOFF HUTCHER &amp; CITRON LLP</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. John Dana Brown</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ms. Irene Paik</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. Rolf Sundwall</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. David Irving</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">July 11, 2025</P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">Page 2</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 130.3pt 0pt 15.85pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 130.3pt 0pt 0.25in; text-align: justify"><B><U>Amendment No. 2 to Draft
Registration Statement on Form S-1</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 130.3pt 0pt 0.25in; text-align: justify"><B><U>General</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.3in 0pt 51.15pt; text-align: justify; text-indent: -35.3pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><B>1.</B></TD><TD STYLE="text-align: justify"><B>We note your response to prior comment 6. If you do not
intend to provide services to the crypto asset industry, please address the following:</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 20.5pt 0pt 69.25pt; text-align: justify; text-indent: -16.55pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify"><B>Tell us why you include the statement &ldquo;While WhiteFiber
may provide data center or cloud services to operators in the bitcoin or the cryptocurrency ecosystem. WhiteFiber does not have any businesses
that are otherwise tied to bitcoin or the cryptocurrency ecosystem&rdquo; on page 85.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 17pt 0pt 72.25pt; text-align: justify; text-indent: -16.55pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Explain to us how the statement
&ldquo;Further, there have been limited precedents for the financial accounting of crypto assets and related valuation and revenue recognition,
and no official guidance has been provided by the FASB or the SEC&rdquo; on page 35 is relevant to your business</B></FONT><B>.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 17pt 0pt 0.75in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; padding-left: 0pt; text-align: justify"><B><U>Response No. 1</U></B>: The
Company respectfully acknowledges the Staff&rsquo;s comment and has deleted the disclosure regarding the cryptocurrency ecosystem on pages
2 and 92 of the Registration Statement. The Company has deleted the sentence &ldquo;Further there have been limited precedents for the
financial accounting of crypto assets and related valuation and revenue recognition, and no official guidance has been provided by the
FASB or the SEC,&rdquo; on page 36 of the Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 33.55pt 0pt 54.1pt; text-align: justify; text-indent: -35.4pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: justify; width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: justify"><B>2.</B></TD><TD STYLE="text-align: justify"><B>Please provide consistent disclosure regarding the anticipated
development of your facilities. In that regard:</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.7pt 0pt 1in; text-align: justify; text-indent: -16.55pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: justify; width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: justify">&#9679;</TD><TD STYLE="text-align: justify"><B>Disclosure on pages 1, 67, and 84 indicates that you expect
the MTL-2 data center to be completed and operational &ldquo;in the first quarter of 2026,&rdquo; however page 3 states that you expect
MTL-2 to be &ldquo;completed and operational early in the fourth quarter of 2025.&rdquo;</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.85pt 0pt 1in; text-align: justify; text-indent: -16.65pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: justify; width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: justify"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Disclosure on pages 1 and
84 indicates that you expect MTL-3 to be </B></FONT><B>&ldquo;operational by the end of the first quarter of 2026,&rdquo; however pages
3 and 67 state that the facility is &ldquo;expected to be operational by the end of 2025&rdquo; and has &ldquo;a targeted go-live date of
the end of 2025,&rdquo; respectively.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 18.9pt 0pt 1in; text-align: justify; text-indent: -16.65pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: justify; width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: justify">&#9679;</TD><TD STYLE="text-align: justify"><B>Page 7 states that you intend to complete your MTL-2, MTL-3
and NC-1 projects &ldquo;in or about early in the fourth quarter of 2025,&rdquo; but page 93 states that you intend to complete them &ldquo;late
in the fourth quarter of 2025.&rdquo;</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 34.15pt 0pt 1in; text-align: justify; text-indent: -16.65pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 34.15pt 0pt 1in; text-align: justify; text-indent: -16.65pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 34.15pt 0pt 1in; text-align: justify; text-indent: -16.65pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">DAVIDOFF HUTCHER &amp; CITRON LLP</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. John Dana Brown</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ms. Irene Paik</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. Rolf Sundwall</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. David Irving</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">July 11, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page 3</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 34.15pt 0pt 1in; text-align: justify; text-indent: -16.65pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: justify; width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: justify">&#9679;</TD><TD STYLE="text-align: justify"><B>Page 1 states that &ldquo;[a]n additional 16 MW (gross)
of capacity for NC-1 is expected to be rolled out in the second quarter of 2026,&rdquo; but page 84 states that this will be an additional
24 MW (gross).</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 33.85pt 0pt 0.75in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; padding-left: 0pt; text-align: justify"><B>It is also not clear what
the statement &ldquo;by the end of 2025&rdquo; on pages 7 and 93 is referring to. Please revise for clarity.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 17pt 0pt 0.75in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; padding-left: 0pt; text-align: justify"><B><U>Response No. 2</U></B>: The
Company has revised the disclosure in the Registration Statement on (i) pages 1, 3, 72, 91 and 93 to state that the Company expects the
MTL-2 data center to be completed and operational in the fourth quarter of 2025, (ii) pages 1, 3, 72, 91 and 94 to state that the Company
expects the MTL-3 data center to be completed and operational in the fourth quarter of 2025, (iii) pages 7, 74 and 101 have been revised
to state &ldquo;we intend to complete our MTL-2 facility in the fourth quarter of 2025, our MTL-3 facility in the fourth quarter of 2025
and the first 24 gross MW (gross) of NC-1 in the first quarter of 2026 and (iv) pages 1 and 91 have been revised to state &ldquo;an incremental
16 MW (gross) will be energized in the second quarter of 2026 for a total of 40 MW (gross) at the NC-1 site by the end of the second quarter
of 2026.&rdquo; The Company has deleted references on pages 7 and 101 to &ldquo;by the end of 2025&rdquo; and instead state &ldquo;in
the fourth quarter of 2025.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 18.7pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 18.7pt; text-align: justify"><B><U>Overview, page 1</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 19.45pt 0pt 0.75in; text-align: justify; text-indent: -35.3pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><B>3.</B></TD><TD STYLE="text-align: justify"><B>We note your response to prior comment 1. You disclose
that the MTL-2, MTL-3 and NC-1 facilities are being constructed in parallel through commissioning. You also state that you estimate the
NC-1 site will begin to generate revenue in May 2026. Please revise to clarify whether this means that you estimate that the MTL-2 and
MTL-3 facilities will also begin to generate revenue in May 2026, or if you have a different expectation.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 17pt 0pt 0.75in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; padding-left: 0pt; text-align: justify"><B><U>Response No. 3</U></B>: The
Company has revised the Registration Statement to state that both the MTL-2 and MTL-3 data centers are expected to be completed and operational
in the fourth quarter of 2025, with revenue generation occurring one month later. We estimate that the initial capacity of 24 MW (gross)
for the NC-1 site will be completed and operational in the first quarter of 2026. However, management does not expect it will start to
generate revenue until May 2026.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 33.85pt 0pt 51.1pt; text-align: justify; text-indent: -35.4pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 33.85pt 0pt 51.1pt; text-align: justify; text-indent: -35.4pt"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 33.85pt 0pt 51.1pt; text-align: justify; text-indent: -35.4pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 33.85pt 0pt 51.1pt; text-align: justify; text-indent: -35.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">DAVIDOFF HUTCHER &amp; CITRON LLP</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. John Dana Brown</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ms. Irene Paik</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. Rolf Sundwall</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. David Irving</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">July 11, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page 4</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 33.85pt 0pt 51.1pt; text-align: justify; text-indent: -35.4pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><B>4.</B></TD><TD STYLE="text-align: justify"><B>Please revise the last paragraph on page 3 to clarify
what the statement &ldquo;the above- described purchase&rdquo; refers to.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 17pt 0pt 49.5pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; padding-left: 0pt; text-align: justify"><B><U>Response No. 4</U></B>: The
Company has revised the disclosure in the Registration Statement on page 3 in response to the Staff&rsquo;s comment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.35in 0pt 0.75in; text-align: justify; text-indent: -35.3pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><B>5.</B></TD><TD STYLE="text-align: justify"><B>We note your disclosure that you intend to achieve an
estimated 76 MW (gross)+ of total HPC data center capacity by the end of 2026, a target that is underpinned by assets &ldquo;already under
[y]our control, including [y]our MTL-2, MTL-3, and NC-1 facilities.&rdquo; We also note your disclosure that MTL-3 is &ldquo;[s]ubject
to the Company&rsquo;s landlord consummating the acquisition of the property, which is expected to occur prior to the end of 2025.&rdquo; Please
revise your disclosure to reconcile this discrepancy.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 17pt 0pt 0.75in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; padding-left: 0pt; text-align: justify"><B><U>Response No. 5</U></B>: The
Company has revised the disclosure in the Registration Statement on pages 1, 3, 91 and 94 to delete the disclosure regarding the landlord
consummating the acquisition of the property since the purchase by the landlord of the MTL-3 facility has occurred.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 18.7pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 18.7pt; text-align: justify"><U>Transition Services Agreement, page
115</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 17.3pt 0pt 0.75in; text-align: justify; text-indent: -35.3pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><B>6.</B></TD><TD STYLE="text-align: justify"><B>We note your response to prior comment 7. To the extent
that the fees payable pursuant to the Transition Services Agreement will be material to you, and to the extent known, please provide
quantitative disclosure of the fees you will be charged pursuant to the agreement. Also quantify the maximum amount of Bit Digital liability
under the agreement. If such liability is limited to the amount of fees you pay to Bit Digital under the agreement, then so state</B>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 17.3pt 0pt 0.75in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; padding-left: 0pt; text-align: justify"><B><U>Response No. 6</U></B>:
The Company disclosed that as of the date of the prospectus, Management estimates the aggregate fees payable to by the Company to Bit
Digital will be approximately $155,000 per month, exclusive of share based compensation expense.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 17.3pt 0pt 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; padding-left: 0pt; text-align: justify">There is no monetary limit at
the amount of Bit Digital liability under the Transition Services Agreement. The limitations of liability for both parties are set forth
on page 123 of the Registration Statement as being for any material breach of the Transfer Services Agreement, or any gross negligence;
willful misconduct, fraud or bad faith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 256.9pt 0pt 0.75in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 256.9pt 0pt 0.5in; text-align: justify"><B><U>Notes to Combined Financial
Statements For the Year Ended December 31, 2024</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B><U>13. Segment Reporting, page F-48</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.3in 0pt 0.75in; text-align: justify; text-indent: -35.3pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><B>7.</B></TD><TD STYLE="text-align: justify"><B>We acknowledge your response to prior comment 8 and your
revised disclosure on page F-23. Please revise to disclose revenues attributable to geographic area. Refer to ASC 280-10-50-41a.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.3in 0pt 0.75in; text-align: justify; text-indent: -35.3pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; padding-left: 0pt; text-align: justify"><B><U>Response No. 7</U></B>: The
Company has revised the disclosure in the Registration Statement on page F-23 to disclose revenues attributable to geographic area.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 18.7pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 18.7pt; text-align: justify"><B><U>Exhibits</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 17.3pt 0pt 0.75in; text-align: justify; text-indent: -35.35pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><B>8.</B></TD><TD STYLE="text-align: justify"><B>We note your response to prior comment 10. Please include
active hyperlinks for each exhibit listed in the exhibit index, unless you have not yet filed that exhibit. Each amended registration
statement must include hyperlinks to the exhibits required with the amendment. While we note that you have included hyperlinks for some
of the exhibits that have been filed, there are some listed exhibits that do not have hyperlinks in this amendment. Please refer to Item
601(a)(2) of Regulation S-K.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 17pt 0pt 0.75in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 17pt 0pt 0.5in; text-align: justify"><B><U>Response No. 8</U></B>: The
Company has updated the exhibit index to include active hyperlinks.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 17.15pt 0pt 54.1pt; text-align: justify; text-indent: -35.4pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 17.15pt 0pt 54.1pt; text-align: justify; text-indent: -35.4pt"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 17.15pt 0pt 54.1pt; text-align: justify; text-indent: -35.4pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 17.15pt 0pt 54.1pt; text-align: justify; text-indent: -35.4pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">DAVIDOFF HUTCHER &amp; CITRON LLP</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. John Dana Brown</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ms. Irene Paik</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. Rolf Sundwall</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. David Irving</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">July 11, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page 5</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 17.15pt 0pt 54.1pt; text-align: justify; text-indent: -35.4pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><B>9.</B></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; padding-left: 0pt; text-align: justify">Please file the cloud services agreements with DNA Fund that
you signed in April 2025 as exhibits to your registration statement, or tell us why filing them as exhibits is not required pursuant
to Item 601(b)(10) of Regulation S-K.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 17pt 0pt 0.75in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; padding-left: 0pt; text-align: justify"><B><U>Response No. 9</U></B>: The
Company has filed the Cloud Services Agreement as Exhibit 10.21 to the Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 30.9pt 0pt 54.1pt; text-align: justify; text-indent: -35.4pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><B>10.</B></TD><TD STYLE="text-align: justify"><B>Please file the Amendment to Real Estate Purchase and
Sale Agreement dated as of May 19, 2025 that you reference on page 87 as an exhibit to the registration statement.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 17pt 0pt 0.75in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; padding-left: 0pt; text-align: justify"><B><U>Response No. 10</U></B>: The
Company has filed the Amendment to Real Estate Purchase and Sale Agreement as Exhibit 10.24 to the Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.2pt 0pt 54.1pt; text-align: justify; text-indent: -35.4pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><B>11.</B></TD><TD STYLE="text-align: justify"><B>We note that you have filed the Omnibus Amendment to and
Novation of Master Services Agreement and Purchase Order as Exhibit 10.5 to the registration statement. To the extent material, please
also file the Master Services Agreement and Purchase Order, as amended, as exhibits to the registration statement pursuant to Item 601
of Regulation S-K.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 17pt 0pt 0.75in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; padding-left: 0pt; text-align: justify"><B><U>Response No. 11</U></B>: The
Company has filed the Master Services Agreement and Purchase Order, as amended, as Exhibit 10.6 to the Registration Statement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt -0.25in; text-indent: 0.5in">Please do not hesitate to contact the undersigned
with any questions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Very truly yours,</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Davidoff Hutcher &amp; Citron LLP</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 4%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; width: 36%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Elliot H Lutzker</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Elliot H Lutzker, Partner</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in"></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">cc (by e-mail): Mr. Sam Tabar sam@bit-digital.com</P>

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

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

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

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