Company: BTBT
Filing Date: 2025-10-31
Form Type: S-3ASR
Source: 0001213900-25-104745
Chunk: 32

Company: Bit Digital, Inc
Filing Date: 2025-10-31
Form: S-3ASR
Chunk 32
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 default or event of default.

Subject to the terms of the
indenture, if an event of default under an indenture shall occur and be continuing, the trustee will be under no obligation to exercise
any of its rights or powers under such indenture at the request or direction of any of the holders of the applicable series of debt securities,
unless such holders have offered the trustee reasonable indemnity. The holders of a majority in principal amount of the outstanding debt
securities of any series will have the right to direct the time, method and place of conducting any proceeding for any remedy available
to the trustee, or exercising any trust or power conferred on the trustee, with respect to the debt securities of that series; provided that:

| ● | the direction so given by the                                           
 holder is not in conflict with any law or the applicable indenture; and |

| ● | subject to its duties under                                                                                                              
 the Trust Indenture Act, the trustee need not take any action that might involve it in personal liability or might be unduly prejudicial 
 to the holders not involved in the proceeding.                                                                                           |

A holder of the debt securities
of any series will have the right to institute a proceeding under the indenture or to appoint a receiver or trustee, or to seek other
remedies only if:

| ● | the holder has given written                                                        
 notice to the trustee of a continuing event of default with respect to that series; |

| ● | the holders of at least 25%                                                                                
 in aggregate principal amount of the outstanding debt securities of that series have made written request; |

| ● | such holders have offered to                                                                                                          
 the trustee indemnity satisfactory to it against the costs, expenses and liabilities to be incurred by the trustee in compliance with 
 the request; and                                                                                                                      |

| ● | the trustee does not institute                                                                                                       
 the proceeding, and does not receive from the holders of a majority in aggregate principal amount of the outstanding debt securities 
 of that series other conflicting directions within 90 days after the notice, request and offer.                                      |

These limitations do not
apply to a suit instituted by a holder of debt securities if we default in the payment of the principal, premium, if any, or interest
on, the debt securities.

We will periodically file
statements with the trustee regarding our compliance with specified covenants in the indenture.

<div align='center'>18</div>

Modification of Indenture; Waiver

Unless we provide otherwise
in the prospectus supplement applicable