Company: BTBT
Filing Date: 2025-06-11
Form Type: S-3/A
Source: 0001213900-25-053489
Chunk: 20

Company: Bit Digital, Inc
Filing Date: 2025-06-11
Form: S-3/A
Chunk 20
---
 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 persons that are
predicated upon the civil liability provisions of the U.S. federal securities laws; or (2) original actions brought against us
or other persons predicated upon the Securities Act. There is also uncertainty with regard to Cayman Islands law relating to whether
a judgment obtained from the U.S. courts under civil liability provisions of the securities laws will be determined by the courts of
the Cayman Islands as penal or punitive in nature. A Cayman Islands Court may stay enforcement proceedings if concurrent proceedings
are being brought elsewhere.

As a result of all of the above, our shareholders
may have more difficulty