Company: BTBT
Filing Date: 2025-06-26
Form Type: 424B5
Source: 0001213900-25-058407
Chunk: 19

Company: Bit Digital, Inc
Filing Date: 2025-06-26
Form: 424B5
Chunk 19
---
 current taxable year, and any                                                                           
 amount allocated to any of your taxable year(s) prior to the first taxable year in which we were a PFIC, will be treated as ordinary 
 income, and                                                                                                                          |

| ● | the amount allocated to each of your other taxable year(s)                                                                           
 will be subject to the highest tax rate in effect for that year, and an interest charge generally applicable to underpayments of tax 
 will be imposed on the resulting tax attributable to each such year.                                                                 |

The tax liability for amounts
allocated to years prior to the year of disposition or “excess distribution” cannot be offset by any net operating losses
for such years, and gains (but not losses) realized on the sale of the ordinary shares cannot be treated as capital, even if you hold
the ordinary shares as capital assets.

<div align='center'>S-12</div>

A
U.S. Holder of “marketable stock” (as defined below) in a PFIC may make a mark-to-market election for such stock to elect
out of the tax treatment discussed above. If you make a mark-to-market election for first taxable year which you hold (or are deemed to
hold) ordinary shares and for which we are determined to be a PFIC, you will include in your income each year an amount equal to the excess,
if any, of the fair market value of the ordinary shares as of the close of such taxable year over your adjusted basis in such ordinary
shares, which excess will be treated as ordinary income and not capital gain. You are allowed an ordinary loss for the excess, if any,
of the adjusted basis of the ordinary shares over their fair market value as of the close of the taxable year. However, such ordinary
loss is allowable only to the extent of any net mark-to-market gains on the ordinary shares included in your income for prior taxable
years. Amounts included in your income under a mark-to-market election, as well as gain on the actual sale or other disposition of the
ordinary shares, are treated as ordinary income. Ordinary loss treatment also applies to any loss realized on the actual sale or disposition
of the ordinary shares, to the extent that the amount of such loss does not exceed the net mark-to-market gains previously included for
such ordinary shares. Your basis in the ordinary shares will be adjusted to reflect any such income or loss amounts.

The
mark-to-market election is available only for “marketable stock”, which is stock that is traded in other than de minim