Company: BTBT
Filing Date: 2025-10-31
Form Type: S-3ASR
Source: 0001213900-25-104745
Chunk: 8

Company: Bit Digital, Inc
Filing Date: 2025-10-31
Form: S-3ASR
Chunk 8
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 debt, and general working capital. We will set forth in a prospectus supplement relating to a specific offering any
intended use for the net proceeds received from the sale of securities in that offering. We will have significant discretion in the use
of any net proceeds. Investors will be relying on the judgment of our management regarding the application of the proceeds of any sale
of securities. We may invest the net proceeds temporarily until we use them for their stated purpose, as applicable.

<div align='center'>DIVIDEND POLICY</div>

We have never declared or
paid any cash dividends on our ordinary shares. We have no present plan to declare and pay any dividends on our ordinary shares in the
near future. We currently intend to retain most, if not all, of our available funds and any future earnings to operate and expand our
business. Any future determination to pay dividends will be at the discretion of our board of directors, subject to applicable laws, and
will depend on our financial condition, results of operations, capital requirements, general business conditions and other factors that
our board of directors considers relevant.

<div align='center'>ENFORCEABILITY OF CIVIL LIABILITIES</div>

We were incorporated in the
Cayman Islands in order to enjoy the following benefits:

| ● | political and economic stability; |

| ● | an effective judicial system;                                 |
| ● | a favorable tax system;                                       |
| ● | the absence of exchange control or currency restrictions; and |
| ● | the availability of professional and support services.        |

<div align='center'>3</div>

Our corporate affairs are
governed by our amended and restated memorandum and articles of association and by the Companies Act (Revised) of the Cayman Islands and
common law of the Cayman Islands. The rights of shareholders to take legal action against our directors and us, actions by minority shareholders
and the fiduciary responsibilities of our directors to us under Cayman Islands law are to a large extent governed by the common law of
the Cayman Islands. The common law of the Cayman Islands is derived in part from comparatively limited judicial precedent in the Cayman
Islands as well as from English common law. Appeals from the Cayman Islands Courts to the Privy Council (which is the final court of appeal
for British overseas territories, such as the Cayman Islands) are binding on courts in the Cayman Islands. Decisions of the English courts,
and particularly the Supreme Court of the United Kingdom