Company: BTBT
Filing Date: 2025-06-26
Form Type: 424B5
Source: 0001213900-25-058407
Chunk: 8

Company: Bit Digital, Inc
Filing Date: 2025-06-26
Form: 424B5
Chunk 8
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b) assumes no exercise by the underwriters in this offering of their option to purchase additional ordinary shares.

<div align='center'>S-3

Risk Factors</div>

An investment in our ordinary
shares involves a high degree of risk. You should carefully consider and evaluate all of the information included and incorporated by
reference in this prospectus, including the risk factors below, in the 2024 Form 10-K (which is incorporated by reference into this
prospectus supplement), and other filings we make with the SEC, which are incorporated by reference into this prospectus supplement. It
is possible that our business, financial condition, liquidity or results of operations could be materially adversely affected by any of
these risks.

The trading price of our ordinary shares is subject to pricing factors that are not necessarily associated with traditional factors that influence share prices or the value of non-bitcoin assets.

The market price of our ordinary
shares may be highly volatile and may fluctuate substantially due to many factors, including:

| ● | actual or anticipated fluctuations in our financial condition and operating results or those of companies 
 perceived to be similar to us;                                                                            |

| ● | actual or anticipated changes in our growth rate relative to our competitors; |

| ● | commercial success and market acceptance of blockchain, bitcoin, Ethereum 
 and other digital assets;                                                 |

| ● | actions by our competitors, such as new business initiatives, acquisitions and divestitures; |

| ● | strategic transactions undertaken by us; |

| ● | additions or departures of key personnel; |

| ● | prevailing economic conditions; |

| ● | disputes concerning our intellectual property or other proprietary rights; |

| ● | sales of our ordinary shares by our officers, directors or significant shareholders; |

| ● | other actions taken by our shareholders; |

| ● | future sales or issuances of equity or debt securities by us; |

| ● | business disruptions caused by earthquakes, tornadoes or other natural disasters; |

| ● | issuance of new or changed securities analysts’ reports or recommendations regarding us; |

| ● | legal proceedings involving our company, our industry or both; |

| ● | changes in market valuations of companies similar to ours; |

| ● | the prospects of the industry in which we operate; |

| ● | speculation or reports by the press or investment community with respect to us or our industry in general; |

<div align='center'>S-4</div>

| ● | fluctuations in the market price of crypto assets, notably Ethereum; |

|