Company: BTBT
Filing Date: 2025-04-30
Form Type: S-3
Source: 0001213900-25-037166
Chunk: 22

Company: Bit Digital, Inc
Filing Date: 2025-04-30
Form: S-3
Chunk 22
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 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 in protecting their interests through actions against us or our officers, directors or major shareholders than
would shareholders of a corporation incorporated in a jurisdiction in the United States.

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You may experience difficulties in effecting service of legal process and enforcing judgments against us and our management, and the ability of U.S. authorities to bring actions abroad.

Notwithstanding the fact that the Company may
be deemed to be a foreign private issuer, subject to lesser Registry Standards, we have elected to file with the SEC as a domestic issuer.
Currently, a substantial portion of our operations and personnel are located outside the United States in Canada and Iceland. A majority
of the members of our Board of Directors are nationals or residents of jurisdictions other than the United States, and a substantial portion,
if not all, of their assets are located outside the United States. As a result, it may be difficult for a shareholder to effect service
of process within the United States upon these persons, or to enforce against us or them judgments obtained in U.S. courts, including
judgments predicated upon the civil liability provisions of the securities laws of the United States or any state in the United States.
Foreign countries may have no arrangement for the reciprocal enforcement of judgments with the United States. As a result, recognition
and enforcement in a foreign country of judgments of a court in the United States and any of the other jurisdictions in relation to any
matter not subject to a binding arbitration provision may be difficult or impossible. Even if you sue successfully in a U.S. court or
any other jurisdictions, you may not be able to collect on such judgment against us or our directors and officers. In addition, the