Company: BTBT
Filing Date: 2025-06-11
Form Type: S-3/A
Source: 0001213900-25-053489
Chunk: 79

Company: Bit Digital, Inc
Filing Date: 2025-06-11
Form: S-3/A
Chunk 79
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 net tangible book value
as of March 31, 2025 was approximately $305,344,500, or $1.67 per ordinary share with 182,766,342 shares outstanding. Net tangible book
value per share represents our total tangible assets (which excludes goodwill and other intangible assets), less our total liabilities,
divided by the aggregate number of our ordinary shares outstanding as of March 31, 2025.

After giving effect to the sale of our ordinary shares
in the aggregate amount of $500 million at an assumed offering price of $2.65 per ordinary share, the last reported sale price of our
ordinary shares on the Nasdaq Capital Market on June 9, 2025, and after deducting estimated offering commissions and other estimated offering
expenses payable by us, our as adjusted net tangible book value as of March 31, 2025 would have been $790,144,500, or $2.13 per ordinary
share with 371,445,587 shares outstanding. This amount represents an immediate increase in net tangible book value of $0.46 per ordinary
share to existing shareholders as a result of this offering and immediate dilution of approximately $0.52 per ordinary share to new investors
purchasing our ordinary shares in this offering. The following table illustrates this dilution on a per ordinary share basis. The as adjusted
information below is illustrative only and will adjust based on the actual price to the public, the actual number of shares sold and other
terms of the offering determined at the time our ordinary shares are sold pursuant to this prospectus supplement. The ordinary shares
sold in this offering, if any, will be sold from time to time at various prices.

| Assumed Offering price per ordinary share                                           |     | $ | 2.65 |
| Net tangible book value per ordinary share as of March 31, 2025                     |     | $ | 1.67 |
| Increase in net tangible book value per ordinary share attributable to the offering |     | $ | 0.46 |
| As-adjusted net tangible book value per ordinary share after giving effect          
 to the offering                                                                     |     | $ | 2.13 |
| Dilution in net tangible book value per ordinary share to new investors             |     | $ | 0.52 |

In the event the offering is made at an assumed price
of $3.65 per share, our net tangible book value at March 31, 2025 would