Company: BTBT
Filing Date: 2025-09-29
Form Type: 424B5
Source: 0001213900-25-093122
Chunk: 20

Company: Bit Digital, Inc
Filing Date: 2025-09-29
Form: 424B5
Chunk 20
---
 ordinary shares, but will be subject to all changes made with respect to them to the extent our conversion obligation includes ordinary shares.

Holders of the notes will not be entitled to any rights with respect to our ordinary shares (including, without limitation, voting rights and rights to receive any dividends or other distributions on ordinary shares) prior to the conversion date relating to such notes (if we elect to settle the relevant conversion by delivering solely ordinary shares (other than paying cash in lieu of delivering any fractional share)) or the last trading day of the relevant observation period (if we elect to pay and deliver, as the case may be, a combination of cash and ordinary shares in respect of the relevant conversion), but holders of the notes will be subject to all changes affecting our ordinary shares. For example, if an amendment is proposed to our amended and restated memorandum and articles of association requiring shareholder approval and the record date for determining the shareholders of record entitled to vote on the amendment occurs prior to the conversion date related to a holder’s conversion of its notes (if we elect to settle the relevant conversion by delivering solely ordinary shares (other than paying cash in lieu of delivering any fractional share)) or the last trading day of the relevant observation period (if we elect to pay and deliver, as the case may be, a combination of cash and ordinary shares in respect of the relevant conversion), such holder will not be entitled to vote any shares underlying the notes held by such holder on the amendment, although such holder will nevertheless be subject to any changes affecting our ordinary shares.

<div align='center'>S-11</div>

Upon conversion of the notes, holders may receive less valuable consideration than expected because the value of our ordinary shares may decline after holders exercise their conversion right and before we settle our conversion obligation.

Under the notes, a converting holder will be exposed to fluctuations in the value of our ordinary shares during the period from the date such holder surrenders notes for conversion until the date we settle our conversion obligation.

Upon conversion of the notes, we have the option to pay or deliver, as the case may be, cash, ordinary shares, or a combination of cash and shares. If we elect to satisfy our conversion obligation in cash or a combination of cash and ordinary shares, the amount of consideration that you will receive upon conversion of your notes will be determined by reference to the volume-weighted average price of our ordinary shares for each trading day in a 30-trading-day observation period described under “Description of the Notes—Conversion Rights—Settlement upon Conversion.” Accordingly