Company: BTBT
Filing Date: 2025-10-01
Form Type: 424B5
Source: 0001213900-25-094778
Chunk: 98

Company: Bit Digital, Inc
Filing Date: 2025-10-01
Form: 424B5
Chunk 98
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 more of our stock by vote or value.                                                                      |

This discussion does not address any U.S. state or local or non-U.S. tax considerations or any U.S. federal estate, gift, alternative minimum tax or Medicare contribution tax considerations.

Each prospective investor
of the notes or ordinary shares should consult its tax advisors as to the particular U.S. federal income tax considerations to it of owning
and disposing of the notes or ordinary shares, as well as the effects of other U.S. federal tax laws or state, local and non-U.S. tax
laws.

For purposes of this discussion,
a “U.S. Holder” is a beneficial owner of the notes or ordinary shares that is for U.S. federal income tax purposes:

| ● | an                                                            
 individual who is a citizen or resident of the United States; |

| ● | a                                                                                                
 corporation (including any entity treated as a corporation for U.S. federal income tax purposes) 
 created or organized in or under the laws of the United States or any state thereof or the       
 District of Columbia;                                                                            |

<div align='center'>S-56</div>

| ● | an                                                                                       
 estate whose income is subject to U.S. federal income taxation regardless of its source; 
 or                                                                                       |

| ● | a                                                                                              
 trust, (i) the administration of which is subject to the primary supervision of a court within 
 the United States and for which one or more U.S. persons have the authority to control all     
 substantial decisions, or (ii) that has a valid election in effect under applicable U.S.       
 Treasury Regulations to be treated as a U.S. person.                                           |

If a partnership (or other entity or arrangement treated as a partnership for U.S. federal income tax purposes) holds the notes or ordinary shares, the tax treatment of a partner in the partnership will generally depend on the status and the activities of the partnership. Partners in a partnership holding the notes or ordinary shares should consult their tax advisors regarding the tax considerations of an investment in the notes or ordinary shares.

Interest on the Notes

It is anticipated, and this discussion assumes, that the notes will be issued with less than a de minimisamount of original issue discount, if any (as determined under the Code). In such case, interest paid on the notes will be taxable to a U.S. Holder as ordinary income at the time it is paid or accrued in accordance with such holder’s method of accounting for U.S. federal income tax purposes and will include amounts withheld in respect