Company: BTBT
Filing Date: 2025-06-11
Form Type: S-3/A
Source: 0001213900-25-053489
Chunk: 76

Company: Bit Digital, Inc
Filing Date: 2025-06-11
Form: S-3/A
Chunk 76
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election or, to a lesser extent, a mark-to-market election. The Company does not intend to provide the information necessary for United
States shareholders to make a QEF election if the Company is classified as a PFIC for any year.

The risks and uncertainties we have described are not the only ones facing our company. Additional risks and uncertainties not presently known to us or that we currently deem immaterial may also affect our business operations.

Risks Associated with this Offering

You will suffer immediate and substantial dilution in the net tangible book value per share of the ordinary shares that you purchase in this offering.

The ordinary shares sold in this offering,
if any, will be sold from time to time at various prices; however, the assumed public offering price of our ordinary shares is higher
than the as adjusted net tangible book value per ordinary share. Therefore, investors purchasing shares of ordinary shares in this offering
will pay a price per ordinary share that substantially exceeds the as adjusted net tangible book value per share after this offering.
Assuming that an aggregate of 188,679,245 ordinary shares are sold at an assumed public offering price of $2.65 per share, the last reported
sale price of our ordinary shares on the Nasdaq Capital Market on June 9, 2025, for aggregate gross proceeds of approximately $500 million,
and after deducting commissions and estimated offering expenses payable by us, new investors in this offering will experience immediate
dilution of $.052 per ordinary share, representing the difference between the assumed public offering price and our as adjusted net tangible
book value per ordinary share after giving effect to this offering. See “Dilution” for a more detailed discussion of the
dilution you would incur if you purchase ordinary shares in this offering.

We have broad discretion in the use of the net proceeds of this offering and may not use them effectively.

We intend to use the net proceeds from this offering
for working capital and general corporate purposes, including, but not limited to, the purchase of computer miners. However, our management
will have broad discretion in the application of the net proceeds from this offering and could spend the proceeds in ways that do not
improve our results of operations or enhance the value of our ordinary shares. The failure by management to apply these funds effectively
could result in financial losses that could have a material adverse effect on our business, cause the price of our ordinary shares to
decline and delay our greater strategy.

You may experience future dilution as a result of future equity