Company: BTBT
Filing Date: 2025-06-25
Form Type: 424B5
Source: 0001213900-25-057815
Chunk: 18

Company: Bit Digital, Inc
Filing Date: 2025-06-25
Form: 424B5
Chunk 18
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 you are a non-corporate U.S. Holder, including an individual U.S. Holder, who has held the ordinary shares for more than
one year, you may be eligible for reduced tax rates on any such capital gains. The deductibility of capital losses is subject to limitations.
Gain or loss recognized by a U.S. Holder from the sale or other disposition of ordinary shares will generally be gain or loss from sources
within the United States for U.S. foreign tax credit purposes.

<div align='center'>S-11</div>

Passive Foreign Investment Company

A non-U.S. corporation is
considered a PFIC for any taxable year if either:

| ● | at least 75% of its gross income for such taxable year is passive income; or |

| ● | at least 50% of the value of its assets (based on an average of the quarterly values of the assets during                   
 a taxable year) is attributable to assets that produce or are held for the production of passive income (the “asset test”). |

Passive
income generally includes dividends, interest, rents and royalties (other than rents or royalties derived from the active conduct of a
trade or business) and gains from the disposition of passive assets. We will be treated as owning our proportionate share of the assets
and earning our proportionate share of the income of any other corporation in which we own, directly or indirectly, at least 25% (by value)
of the stock.

No
assurance can be given as to whether we currently are not or will not become a PFIC, as this is a factual determination made annually
that will depend, in part, upon the nature of our business, the composition of our income and assets, the value of our assets and the
price of our ordinary shares, each of which is subject to change. Furthermore, the composition of our income and assets may also be affected
by how, and how quickly, we use our liquid assets and the cash raised in this offering. Under circumstances where our revenue from activities
that produce passive income significantly increases relative to our revenue from activities that produce non-passive income, or where
we determine not to deploy significant amounts of cash for active purposes, our risk of becoming classified as a PFIC may substantially
increase. In addition, because there are uncertainties in the application of the relevant rules, it is possible that the Internal Revenue
Service may challenge our classification of certain income and assets as non-passive or our valuation of our tangible and int