Company: BTBT
Filing Date: 2025-07-15
Form Type: 424B5
Source: 0001213900-25-063950
Chunk: 50

Company: Bit Digital, Inc
Filing Date: 2025-07-15
Form: 424B5
Chunk 50
---
 are not binding on the courts
of the Cayman Islands. Decisions of courts in other Commonwealth jurisdictions are similarly of persuasive but not binding authority.
The rights of our shareholders and the fiduciary responsibilities of our directors under Cayman Islands law are not as clearly established
as they would be under statutes or judicial precedents in the United States. In particular, the Cayman Islands has a different body of
securities laws as compared to the United States and provide less protection to investors. In addition, Cayman Islands companies may
not have standing to initiate a shareholder derivative action before the U.S. federal courts. The Cayman Islands courts are also unlikely
(i) to recognize or enforce against us judgments of courts of the United States obtained against us or our directors or officers
predicated upon the civil liability provisions of the securities laws of the United States or any state in the United States; and (ii) in
original actions brought in the Cayman Islands, to impose liabilities against us or our directors or officers predicated upon the civil
liability provisions of the securities laws of the United States or any state in the United States, so far as the liabilities imposed
by those provisions are penal in nature. In those circumstances, although there is currently no statutory enforcement or treaty between
the United States and the Cayman Islands providing for enforcement of judgments obtained in the United States. The courts of the Cayman
Islands will recognize and enforce a foreign money judgment of a foreign court of competent jurisdiction without retrial on the merits
based on the principle that a judgment of a competent foreign court imposes upon the judgment debtor an obligation to pay the sum for
which judgment has been given provided certain conditions are met. For a foreign judgment to be enforced in the Cayman Islands, such
judgment must be final and conclusive, given by a court of competent jurisdiction (the courts of the Cayman Islands will apply the rules
of Cayman Islands private international law to determine whether the foreign court is a court of competent jurisdiction), and must not
be in respect of taxes or a fine or penalty, inconsistent with a Cayman Islands judgment in respect of the same matter, impeachable on
the grounds of fraud or obtained in a manner, and or be of a kind the enforcement of which is, contrary to natural justice or the public
policy of the Cayman Islands. Furthermore, it is uncertain that Cayman Islands courts would enforce: (1) judgments of U.S. courts
obtained in actions against us or other