Company: BTBT
Filing Date: 2025-10-01
Form Type: 424B5
Source: 0001213900-25-094778
Chunk: 160

Company: Bit Digital, Inc
Filing Date: 2025-10-01
Form: 424B5
Chunk 160
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 or declared by the Directors, out of assets legally available therefor, prior and
in preference to any declaration or payment of any dividend on our ordinary shares, dividends at the annual rate of eight percent (8%)
of the original purchase price per preference share, as adjusted for any share combinations or subdivisions, bonus issues and similar
recapitalization events (“Recapitalization Events”). The right to dividends on preference shares are not cumulative, and no
right accrues to holders of preference 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.

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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