BitDigital denies that the United States, for short JCapital, has challenged the Bitcoin market.

According to CoinDesk, on January 21, Nasdaq-listed bitcoin miner BitDigital (BTBT) confirmed the inaccuracy of U.S. short-selling firm J Capital Research. According to a report by J Capital, the data shows that Bit Digital is exploiting nearly 23,000 Bitcoin miners in China as pure fraud. J Capital also claimed that Bit Digital was a "Bitcoin counterfeit company" and that Bit Digital had admitted to the Chinese city government that there was no "Bitcoin mining machine" in China. In response, Bit Digital said that all major mining industries in China are regulated by XMAX Hong Kong and all “electricity costs and other expenses” are paid to suppliers made in Hong Kong, China. Following the publication of the J Capital report, BitDigital's private equity was known to have fallen by $ 130 million (around 130 billion won).