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Press release content from Business Wire. The AP news staff was not involved in its creation.

The Law Offices of Frank R. Cruz Announces Investigation of Bit Digital Inc. (BTBT) on Behalf of Investors

January 13, 2021 GMT

LOS ANGELES--(BUSINESS WIRE)--Jan 13, 2021--

The Law Offices of Frank R. Cruz announces an investigation of Bit Digital Inc. (“Bit Digital” or the “Company”) (NASDAQ: BTBT ) on behalf of investors concerning the Company’s possible violations of federal securities laws.

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On January 11, 2021, J Capital Research issued a research report alleging, among other things, that Bit Digital operates “a fake crypto currency business” “designed to steal funds from investors.” Though the Company claims, “it was operating 22,869 bitcoin miners in China,” J Capital alleged that “is simply not possible” and stated that “[w]e verified with local governments supposedly hosting the BTBT mining operation that there are no bitcoin miners there.”

On this news, Bit Digital’s stock price fell $6.27 per share, or 25%, to close at $18.76 per share on January 11, 2021.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased Bit Digital securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20210113005925/en/

CONTACT: The Law Offices of Frank R. Cruz, Los Angeles

Frank R. Cruz, 310-914-5007

fcruz@frankcruzlaw.com

www.frankcruzlaw.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: The Law Offices of Frank R. Cruz

Copyright Business Wire 2021.

PUB: 01/13/2021 05:38 PM/DISC: 01/13/2021 05:39 PM

http://www.businesswire.com/news/home/20210113005925/en