Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 138

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 138
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 the shares, it will be subject to the prospectus delivery requirements of the Securities Act. The Selling Securityholders
will be responsible to comply with the applicable provisions of the Securities Act and Exchange Act, and the rules and regulations thereunder
promulgated, including, without limitation, Regulation M, as applicable to such Selling Securityholders in connection with resales of
their respective shares under this registration statement.

We are required to pay
all fees and expenses incident to the registration of the shares, other than commissions and discounts of underwriters, dealers or agents,
but we will not receive any proceeds from the sale of the shares. We have agreed to indemnify the Selling Securityholders against certain
losses, claims, damages and liabilities, including liabilities under the Securities Act.

There is no assurance
that any of the Selling Securityholders will sell any or all of the shares offered by this prospectus.

<div align='center'>DESCRIPTION OF SECURITIES TO BE REGISTERED</div>

We are a Cayman Islands
exempted company and our affairs are governed by our memorandum and articles of association (the “Articles”) and the Companies
Act (Revised) of the Cayman Islands, which we refer to as the Companies Act below.

Our authorized share
capital is US$3,500,000 consisting of 340,000,000 ordinary shares, par value $0.01 per share and 10,000,000 preference shares, par value
$0.01 per share. As of June 30, 2025, there were 283,530,871 ordinary shares and 1,000,000 preference shares issued and outstanding.

Ordinary Shares

Dividends. Subject
to the provisions of the Companies Act and any rights attaching to any class or classes of shares (including our preference shares) under
and in accordance with the Articles:

| (a) | the directors may declare dividends or distributions out of our funds which are lawfully available for that purpose; and |

| (b) | our shareholders may, by ordinary resolution, declare dividends but no such dividend shall exceed the amount recommended by the directors. |

Subject to the requirements
of the Companies Act regarding the application of a company’s share premium account and with the sanction of an ordinary resolution,
dividends may also be declared and paid out of any share premium account. The directors when paying dividends to shareholders may make
such payment either in cash or in specie.

Voting Rights. The
holders of our ordinary shares are