Company: BTBT
Filing Date: 2025-06-26
Form Type: 424B5
Source: 0001213900-25-058407
Chunk: 17

Company: Bit Digital, Inc
Filing Date: 2025-06-26
Form: 424B5
Chunk 17
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 to calculate our earnings
and profits under U.S. federal income tax principles. Therefore, a U.S. Holder should expect that a distribution will be treated as a
dividend even if that distribution would otherwise be treated as a non-taxable return of capital or as capital gain under the rules described
above.

Taxation of Dispositions of Ordinary Shares

Subject
to the passive foreign investment company rules discussed below, you will recognize taxable gain or loss on any sale, exchange or other
taxable disposition of a share equal to the difference between the amount realized for the ordinary share on the sale, exchange or disposition
and your tax basis in such ordinary share, in each case as determined in U.S. dollars. The character of the gain or loss will be capital
gain or loss. If you are a non-corporate U.S. Holder, including an individual U.S. Holder, who has held the ordinary shares for more than
one year, you may be eligible for reduced tax rates on any such capital gains. The deductibility of capital losses is subject to limitations.
Gain or loss recognized by a U.S. Holder from the sale or other disposition of ordinary shares will generally be gain or loss from sources
within the United States for U.S. foreign tax credit purposes.

<div align='center'>S-11</div>

Passive Foreign Investment Company

A non-U.S. corporation is
considered a PFIC for any taxable year if either:

| ● | at least 75% of its gross income for such taxable year is passive income; or |

| ● | at least 50% of the value of its assets (based on an average of the quarterly values of the assets during                   
 a taxable year) is attributable to assets that produce or are held for the production of passive income (the “asset test”). |

Passive
income generally includes dividends, interest, rents and royalties (other than rents or royalties derived from the active conduct of a
trade or business) and gains from the disposition of passive assets. We will be treated as owning our proportionate share of the assets
and earning our proportionate share of the income of any other corporation in which we own, directly or indirectly, at least 25% (by value)
of the stock.

No
assurance can be given as to whether we currently are not or will not become a PFIC, as this is a factual determination made annually
that will depend, in part, upon the nature of our business, the composition of our income