Company: BTBT
Filing Date: 2025-10-02
Form Type: 8-K
Source: 0001213900-25-095533
Chunk: 2

Company: Bit Digital, Inc
Filing Date: 2025-10-02
Form: 8-K
Item: Item 1.01
Chunk 2
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 in whole or in part (subject
to certain limitations described below), at the Company’s option at any time, and from time to time, on or after October 6, 2028
and prior to the 31st scheduled trading day immediately before the maturity date, but only if the last reported sale price of the Company’s
ordinary shares has been at least 130% of the conversion price for the Notes then in effect for at least 20 trading days (whether or not
consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the
trading day immediately preceding the date on which the Company provides notice of optional redemption, at a redemption price equal to
100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. No
sinking fund is provided for the Notes.

Holders may require the Company to repurchase for cash all or part
of their Notes on October 1, 2028, in principal amounts of $1,000 or an integral multiple thereof, at a price equal to 100% of the principal
amount of the Notes to be repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date. In addition, if the Company
undergoes a fundamental change (as defined in the Indenture), then, subject to certain conditions and except as set forth in the Indenture,
holders may require the Company to repurchase for cash all or any portion of their Notes at a fundamental change repurchase price equal
to 100% of the principal amount of the Notes to be repurchased, plus accrued and unpaid interest to, but excluding, the fundamental change
repurchase date.

The Indenture includes customary terms and covenants and sets forth
certain events of default after which the Notes may be declared immediately due and payable and sets forth certain types of bankruptcy
or insolvency events of default involving the Company or any of its significant subsidiaries (as defined in the Indenture) after which
the Notes become automatically due and payable. The following events are considered “events of default” under the Indenture:

  default in any payment of interest on any note when due and payable and the default continues for a period  

  default in the payment of principal of any note when due and payable at its stated maturity, upon redemption,  

  failure by the Company to comply with its obligation