Bit Digital is a bitcoin mining and car rental company. It originally listed on the NASDAQ in March 2018. At this time, it was a peer-to-peer lending business under the trading name Golden Bull. In December 2019, it announced its intention to move away from the P2P lending business and into Bitcoin mining whilst expanding its car rental business to the US. In December 2019 its auditors, Wei, Wei & Co, resigned claiming that they were not familiar with bitcoin mining. Then, in December 2020, its new auditors, JLKZ CPA, resigned owing to COVID which severely affected scheduling and resources. In January 2021, it was attacked by short-seller J-Capital which alleged that the company's assets did not exist and it was a business designed to steal funds from investors. J-Capital's report may have prompted a couple of director resignations (although this is inconclusive); however, the company managed to raise US$109m in new equity financing in FY21. Additionally, its auditors have continued to sign-off on its financials. As such, the allegations remain unproven.

Last updated July 2022.

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