Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 138

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 138
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 and our affairs are governed by our memorandum and articles of association (the “Articles”) and the Companies
Act (Revised) of the Cayman Islands, which we refer to as the Companies Act below.

Our authorized share
capital is US$3,500,000 consisting of 340,000,000 ordinary shares, par value $0.01 per share and 10,000,000 preference shares, par value
$0.01 per share. As of June 30, 2025, there were 283,530,871 ordinary shares and 1,000,000 preference shares issued and outstanding.

Ordinary Shares

Dividends. Subject
to the provisions of the Companies Act and any rights attaching to any class or classes of shares (including our preference shares) under
and in accordance with the Articles:

| (a) | the directors may declare dividends or distributions out of our funds which are lawfully available for that purpose; and |

| (b) | our shareholders may, by ordinary resolution, declare dividends but no such dividend shall exceed the amount recommended by the directors. |

Subject to the requirements
of the Companies Act regarding the application of a company’s share premium account and with the sanction of an ordinary resolution,
dividends may also be declared and paid out of any share premium account. The directors when paying dividends to shareholders may make
such payment either in cash or in specie.

Voting Rights. The
holders of our ordinary shares are entitled to one vote per share, including for the election of directors. Voting at any meeting of shareholders
is by show of hands unless a poll is demanded. On a show of hands, every shareholder present in person or by proxy shall have one vote.
On a poll, every shareholder entitled to vote (in person or by proxy) shall have one vote for each share for which he is the holder. A
poll may be demanded by the chairman or one or more shareholders present in person or by proxy holding not less than fifteen percent of
the paid-up capital of the Company entitled to vote. A quorum required for a meeting of shareholders consists of shareholders who hold
at least one-third of our outstanding shares entitled to vote at the meeting present in person or by proxy. A proxy form will accompany
any notice of general meeting convened by the directors to facilitate the ability of shareholders to vote by proxy.

Any ordinary resolution
to be made by the shareholders requires the affirmative vote of a simple majority of the votes cast in a general meeting (including