Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 121

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 121
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 aligned with the interests of our other shareholders.

For all matters relating
to the Company requiring the votes of shareholder by a poll or by proxy, each preference share shall carry the equivalent number of votes
as 50 ordinary shares.

Holders of preference
shares may be able to take actions that are not in the best interests of us or our other shareholders. These corporate actions may be
taken even if they are opposed by our other shareholders. This may also frustrate or prevent any attempts by our shareholders to replace
or remove our current management by making it more difficult for shareholders to replace members of our board of directors, which is responsible
for appointing the members of our management. In addition, this may make an acquisition of us, which may be beneficial to our shareholders,
more difficult and may prevent attempts by our shareholders to replace or remove our current management and limit the market price of
our Ordinary Shares. Further, such concentration of voting power may discourage, prevent, or delay the consummation of recent change of
control transactions that shareholders may consider favorable, including transactions in which shareholders might otherwise receive a
premium for their shares.

<div align='center'>65</div>

We defended and settled a securities class action litigation which resulted in significant costs for the Company.

The market for our Ordinary
Shares may have, when compared to seasoned issuers, significant price volatility, and we expect that our share price may continue to be
more volatile than that of a seasoned issuer for the indefinite future. In the past, plaintiffs have often initiated securities class
action litigation against a company following periods of volatility in the market price of its securities. On January 20, 2021, a securities
class action lawsuit was filed against the Company and its Chief Executive Officer and Chief Financial Officer titled (Case No. 1:21-cv-00515) (U.S.D.C. S.D.N.Y.). The class action was brought
on behalf of persons that purchased or acquired our Ordinary Shares between December 21, 2020 and January 11, 2021, a period of volatility
in our Ordinary Shares, as well as volatility in the price of bitcoin. On April 29, 2021, the Court consolidated several related cases
under the caption . Joseph Franklin Monkam Nitcheu was appointed as lead plaintiff.
On July 6, 2021, the lead plaintiff filed a consolidated class action complaint (the “Amended Complaint”). The Amended Complaint
was still based primarily upon a January 11