Company: BTBT
Filing Date: 2025-10-31
Form Type: S-3ASR
Source: 0001213900-25-104745
Chunk: 15

Company: Bit Digital, Inc
Filing Date: 2025-10-31
Form: S-3ASR
Chunk 15
---
 shares by reason of the fact that dividends on said shares are not declared
in any period, nor shall any undeclared or unpaid dividend bear or accrue interest.

Liquidation / Insolvency Preference. On a liquidation of the Company, the holder of any preference shares shall have the right to receive in preference to
the holders of the ordinary shares, the greater of (A) the original purchase price of that preference share (adjusted for any Recapitalization
Events) plus any declared but unpaid dividends thereon, but with no right to share in the distribution of any surplus assets of the Company,
or (B) that amount that such preference share would have received had it been converted into an ordinary share pursuant to the conversion
provisions in our Articles (as summarized below) on the day immediately prior to the date on which the Company entered liquidation. On
an insolvency, liquidation or winding up of the Company, the holder of our preference shares shall be repaid in priority to the holders
of our ordinary shares.

Conversion. Subject
to the limitations summarized out below, the holder of any preference share may convert any preference shares held by them into ordinary
shares of the Company on a one-for-one basis. The holder of any preference shares shall not be permitted to convert its preference shares
into ordinary shares if such conversion would result in such holder being the registered owner of more than 4.99% of the issued ordinary
shares of the Company.

Enhanced voting rights.
For all matters relating to the Company requiring the votes of shareholder by a poll or by proxy, each preference share shall carry the
equivalent number of votes as 50 ordinary shares.

If applicable, the prospectus
supplement relating to a particular issue of preference shares will include a discussion of material U.S. federal income tax considerations.

Other rights that may attach to our shares

Subject to our memorandum
and articles of association, and without prejudice to any special rights previously conferred on the holders of existing shares, any share
may be issued with such preferred, deferred, or other special rights, or such restrictions, whether in regard to dividend, voting, return
of share capital or otherwise, as the Company may from time to time by special resolution determine, and subject to the provisions of
the Companies Act, any share may, with the sanction of a special resolution, be issued on the terms that it is, or at the option of the
Company or the holder is liable, to be redeemed.

<div align='center'>7</