Bit Digital, Inc..
BTBT.US | Data processing, hosting and related activities
Bit Digital, Inc. is a digital asset mining company headquartered in New York. The company focuses on Bitcoin mining. Bit Digital operates data centers primarily in North America. The company participates in the Bitcoin ecosystem by validating transactions on the blockchain and earning newly minted ...Show More
Better Health for All
0
No evidence available to assess Bit Digital, Inc. on Better Health for All.
Fair Money & Economic Opportunity
-60
Bit Digital's former P2P lending business, Dianniu Finance (VIE), was formally charged with illegal fundraising.
1
Seventeen executives, including the then-CFO, were arrested in Shanghai in July 2019, with five remaining in jail.
2
The former CEO, Zeng Erxin, is sought by Chinese police.
3
The VIE is liable for approximately $42 million in unpaid debts to consumers, with only about $61,900 found in frozen accounts.
4
One case identified $0.96 million (¥6.23 million) in fake loans, of which $0.39 million (¥2.5 million) was embezzled.
5
The company also failed to file its 2019 interim or annual reports by the SEC deadline.
6
In December 2020, the company issued $1.65 million in debt principal but received only $1.28 million in proceeds.
7
Fair Pay & Worker Respect
0
No regulatory actions, violations, fines, or compliance issues have been mentioned for the company.
1
The CEO's total compensation was $4.82 million, which increased despite the company being unprofitable.
2
As of December 31, 2024, the company had 54 employees.
3
Quantitative data regarding median employee compensation, living wage coverage, collective bargaining agreements, occupational safety incident rates, pay equity ratios, employee engagement scores, voluntary turnover rates, insecure contract share, or health insurance coverage is not available.
4
Fair Trade & Ethical Sourcing
0
No evidence available to assess Bit Digital, Inc. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
0
No specific, concrete evidence was found in the provided articles to assess Bit Digital, Inc. (BTBT.US) against any of the 'Honest & Fair Business' KPIs. The articles primarily focus on financial results and operational updates. One article notes potential future fines related to past operations in China, but this does not constitute a fine incurred in the past three years.
1
No data on transparency benchmarks, whistleblower policies, financial restatements, audit coverage, ESG controversies, complaint resolution times, board independence, anti-corruption policies, or third-party verification was provided.
Kind to Animals
0
No evidence available to assess Bit Digital, Inc. on Kind to Animals.
No War, No Weapons
0
The provided articles do not contain any specific, concrete evidence regarding Bit Digital, Inc.'s (BTBT.US) involvement in arms manufacturing, military contracts, or conflict facilitation. The company's core business is digital asset mining.
1
While one article discusses general AI ethics and potential military applications, it does not provide any specific information about Bit Digital's own AI systems, policies, or safeguards in this context, nor does it mention the company at all.
2
Therefore, no KPIs related to the 'No War, No Weapons' value can be scored based on the available evidence.
Planet-Friendly Business
-30
As of December 31, 2024, Bit Digital's fleet run-rate utilized 85% renewable energy.
1
The company has not reported any environmental compliance violations, regulatory actions, fines, or issues.
2
Bit Digital has committed to achieving net-zero emissions from electricity consumption associated with its crypto-related operations by 2030.
3
Respect for Cultures & Communities
0
Bit Digital, Inc. has no specific cultural appropriation incidents reported.
1
For all other relevant KPIs, the provided articles explicitly state a lack of data, including formal partnerships, revenue reinvested in local development, cultural impact assessment protocols, local employment ratios, grievance mechanisms, and cultural preservation investments.
2
While one article mentions the creation of over 60 jobs at a new data center campus, this is not a company-wide proportion of local employment and thus does not meet the specific requirements of the 'local_employment_ratio' KPI.
3
Safe & Smart Tech
0
No specific evidence was found in the provided articles regarding Bit Digital, Inc.'s performance across any of the Safe & Smart Tech KPIs. The articles discuss general industry trends in cybersecurity, the importance of security awareness training, and an overview of data privacy certifications and regulations, but do not provide concrete data points, actions, or outcomes directly attributable to BTBT.US.
Zero Waste & Sustainable Products
0
The provided articles do not contain specific sustainability data for BTBT.US.
1
explicitly states that sustainability data is currently unavailable for the company, and no quantitative data is provided.
2
The other articles discuss general electronic waste generated by Bitcoin mining but do not link this information to BTBT.US's specific operations, waste management practices, or product lifecycle.