Company: BTBT
Filing Date: 2025-10-02
Form Type: 8-K
Source: 0001213900-25-095533
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Company: Bit Digital, Inc
Filing Date: 2025-10-02
Form: 8-K
Item: Item 1.01
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Item 1.01      Entry into a Material Definitive Agreement.  

Convertible Notes

Underwriting Agreement

On September 29, 2025, Bit Digital, Inc. (the “ Company”)
entered into an underwriting agreement (the “ Underwriting Agreement”) with Barclays Capital Inc., Cantor Fitzgerald &
Co. and B. Riley Securities, Inc. as representatives of the several underwriters named in Schedule I thereto, in connection with the issuance
and sale of $150 million aggregate principal amount of the Company’s 4.00% Convertible Senior Notes due 2030 (the “ Notes”),
including the exercise in full on September 30, 2025 of the underwriters’ option to purchase an additional $15 million aggregate
principal amount of Notes.

The Notes were offered and sold in an offering registered under the
Securities Act of 1933, as amended (the “ Securities Act”), pursuant to the Company’s Registration Statement on Form
S-3 (File No. 333-286841), as supplemented by a preliminary prospectus supplement dated September 29, 2025, the pricing term sheet dated
September 29, 2025, and a final prospectus supplement dated September 29, 2025.

The Underwriting Agreement includes customary representations, warranties
and covenants. Under the terms of the Underwriting Agreement, the Company has agreed to indemnify the underwriters against certain liabilities,
including liabilities under the Securities Act, or contribute to payments that the underwriters may be required to make in respect of
those liabilities.

The above description of the Underwriting Agreement is a summary and
is not complete. A copy of the Underwriting Agreement is filed as Exhibit 1.1 to this Current Report on Form 8-K, and the above summary
is qualified by reference to the terms of the Underwriting Agreement set forth in such exhibit.

Indenture

On October 2, 2025, the Company issued the Notes. The Notes were issued
pursuant to, and are governed by, an indenture (the “ Base Indenture”), dated as of October 2, 2025, between the Company and
U. S. Bank Trust Company, National Association, as trustee (the “ Trustee”), as supplemented by a supplemental indenture (the
“ Supplemental Indenture,” and the Base Indenture, as supplemented by the Supplemental Indenture, the “ Indenture”),
dated as of October