Company: BTBT
Filing Date: 2025-10-01
Form Type: 424B5
Source: 0001213900-25-094778
Chunk: 82

Company: Bit Digital, Inc
Filing Date: 2025-10-01
Form: 424B5
Chunk 82
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x) we have received an opinion of a nationally recognized tax counsel to the effect that such business combination event will not be treated as an exchange under Section 1001 of the Code for holders or beneficial owners of the notes and (y) such limited liability company or limited partnership is a direct or indirect, wholly owned subsidiary of a corporation duly organized and existing under the laws of the United States of America, any State thereof or the District of Columbia and (2) such business combination event constitutes a share exchange event whose reference property consists solely of any combination of U.S. dollars and shares of common stock or other corporate common equity interests of a corporation described in clause (1)(y).

<div align='center'>Events of Default</div>

The “Description of Debt Securities—Events of Default” section of the accompanying prospectus will not apply to the notes. Each of the following is an event of default with respect to the notes:

| 1. | default                                                                                   
 in any payment of interest on any note when due and payable and the default continues for 
 a period of 30 days;                                                                      |

| 2. | default                                                                                   
 in the payment of principal of any note when due and payable at its stated maturity, upon 
 redemption, upon any required repurchase, upon declaration of acceleration or otherwise;  |

| 3. | our                                                                                         
 failure to comply with our obligation to convert the notes in accordance with the indenture 
 upon exercise of a holder’s conversion right, including any interest make-whole conversion  
 rate adjustment, and such failure continues for a period of five business days;             |

| 4. | our                                                                                   
 failure to give a fundamental change notice as described under “—Repurchase upon      
 Fundamental Change” or notice of a make-whole fundamental change as described under   
 “—Conversion Rights—Adjustment to Ordinary Shares Delivered upon Conversion           
 upon a Make-Whole Fundamental Change,” or notice of a specified corporate transaction 
 as described under “— Certain Distributions Notice,” in each case, when               
 due and such failure continues for a period of five business days;                    |

| 5. | our                                                                           
 failure to comply with our obligations under “—Consolidation, Merger and Sale 
 of Assets”;                                                                   |

| 6. | our                                                                                          
 failure for 60 days after written notice from the trustee or by the trustee at the request   
 of the holders of at least 25% in principal amount of the notes then outstanding has been    
 received to comply with any of our