Bit Digital, Inc. ( Nasdaq : BTBT) filed a Form 8-K on August 3, 2026, disclosing that Justin Zhu notified the Board of Directors on July 30, 2026 of his resignation as Senior Vice President of Finance and Chief Accounting Officer, effective August 1, 2026.

Key Highlights

  • Resignation date: Justin Zhu submitted his notice on July 30, 2026, with an effective date of August 1, 2026.
  • Departing role: Zhu held the titles of Senior Vice President of Finance and Chief Accounting Officer at Bit Digital.
  • Destination: Zhu was appointed Chief Financial Officer, Principal Financial Officer, and Principal Accounting Officer of WhiteFiber, Inc. as of August 1, 2026.
  • No disagreement: According to the filing, the transition "did not result from any disagreement with the Company on any matter relating to the Company's operations, policies or practices."
  • Governing agreement: The transition occurred under a Transition Services Agreement dated July 30, 2025, between Bit Digital and WhiteFiber, Inc., which the filing states will generally terminate in August 2027.
  • Signatory: The filing was signed by Samir Tabar, Chief Executive Officer of Bit Digital, Inc.

Justin Zhu's Departure from Bit Digital and Move to WhiteFiber

According to the Form 8-K filed by Bit Digital, Inc., a Cayman Islands-incorporated company whose ordinary shares trade on the Nasdaq stock market LLC under the symbol BTBT with a Par Value of $0.01 per share, Justin Zhu formally notified the Board of Directors on July 30, 2026 that he would step down from his dual role as Senior Vice President of Finance and Chief Accounting Officer. His last day in those positions was August 1, 2026. The filing identifies the direct cause of the departure as Zhu's appointment to senior financial Leadership roles at WhiteFiber, Inc., a separate entity.

The filing explicitly states that the transition was governed by the terms and conditions of a Transition Services Agreement dated July 30, 2025, entered into between Bit Digital and WhiteFiber, Inc. That agreement is disclosed as one that will generally terminate in August 2027, indicating an ongoing contractual relationship between the two companies that predates Zhu's departure by approximately one year. The filing does not disclose the specific terms or financial provisions of that agreement beyond the termination timeline.

Bit Digital is incorporated in the Cayman Islands and maintains its principal executive offices at 31 Hudson Yards, Floor 11, New York, NY 10001. The company carries Commission File Number 001-38421 and IRS Employer Identification Number 98-1606989. No financial statements or additional exhibits were included with this current report, as noted under Item 9.01 of the filing.

What Was Disclosed

Bit Digital disclosed the resignation of its Senior Vice President of Finance and Chief Accounting Officer, effective August 1, 2026, attributing the departure to his appointment at WhiteFiber, Inc. and confirming the transition was governed by a pre-existing Transition Services Agreement set to expire generally in August 2027.