Company: BTBT
Filing Date: 2025-10-31
Form Type: S-3ASR
Source: 0001213900-25-104745
Chunk: 24

Company: Bit Digital, Inc
Filing Date: 2025-10-31
Form: S-3ASR
Chunk 24
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2025 Plan”). An aggregate
of 2,415,293 RSUs were granted under the 2021 Plan and no ordinary shares remain reserved for issuance under the 2021 Plan.
There are 5,000,000 ordinary shares authorized for issuance under the Company’s 2021 Second Plan, under which 1,462,378
shares remain reserved for issuance. There are 5,000,000 ordinary shares authorized for issuance under the Company’s 2023
Plan, under which 1,021,375 shares remain reserved for issuance. There are 8,000,000 ordinary shares authorized for issuance
under the Company’s 2025 Plan, under which 2,658,740 shares remain reserved for issuance as of October 20, 2025.

The Plans allow the Company
to grant incentive stock options, non-qualified stock options, stock appreciation rights, restricted stock awards, warrants and stock units.
The incentive stock options are exercisable for up to ten years, at an option price per share not less than the fair market value
on the date the option is granted. The incentive stock options are limited to persons who are regular full-time employees of the Company
at the date of the grant of the option. Non-qualified options may be granted to any person, including, but not limited to, employees,
independent agents, consultants and attorneys, who the Company’s Board believes have contributed, or will contribute, to the success
of the Company. Non-qualified options may be issued at option prices of less than fair market value on the date of grant and may be exercisable
for up to ten years from date of grant. The option vesting schedule for options granted is determined by the Board of Directors at
the time of the grant. The Plans provides for accelerated vesting of unvested options if there is a change in control, as defined in the
Plans.

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DESCRIPTION OF WARRANTS</div>

General

We may issue warrants for
the purchase of our debt securities, preference shares, ordinary shares, or any combination thereof. Warrants may be issued independently
or together with our debt securities, preference shares or ordinary shares and may be attached to or separate from any offered securities.
Each series of warrants will be issued under a separate warrant agreement to be entered into between us and a bank or trust company, as
warrant agent. The warrant agent will act solely as our agent in connection with the warrants. The warrant agent will not