Company: BTBT
Filing Date: 2025-09-29
Form Type: 424B5
Source: 0001213900-25-093122
Chunk: 49

Company: Bit Digital, Inc
Filing Date: 2025-09-29
Form: 424B5
Chunk 49
---
 be physical settlement. By notice to holders of the notes, the trustee and the conversion agent (if other
than the trustee), we may, from time to time, change the default settlement method prior to July 1, 2030. In addition, by notice to holders,
we may, prior to July 1, 2030, at our option, irrevocably elect to fix the settlement method to any settlement method that we are then
permitted to elect, including combination settlement with a specified dollar amount per $1,000 principal amount of notes of $1,000 or
with an ability to continue to set the specified dollar amount per $1,000 principal amount of notes at or above a specific amount set
forth in such election notice. If we change the default settlement method or we irrevocably elect to fix the settlement method, in either
case, to combination settlement with an ability to continue to set the specified dollar amount per $1,000 principal amount of notes at
or above a specific amount, we will, after the date of such change or election, as the case may be, inform holders converting their notes,
the trustee and the conversion agent (if other than the trustee) of such specified dollar amount no later than the relevant settlement
method election deadline, or, if we do not timely notify holders, such specified dollar amount will be the specific amount set forth in
the election notice or, if no specific amount was set forth in the election notice, such specified dollar amount will be $1,000 per $1,000
principal amount of notes. A change in the default settlement method or an irrevocable election will apply to all note conversions on
conversion dates occurring subsequent to delivery of such notice; provided, however, that no such change or election will affect any settlement
method theretofore elected (or deemed to be elected) with respect to any note. For the avoidance of doubt, such an irrevocable election,
if made, will be effective without the need to amend the indenture or the notes, including pursuant to the provisions described in clause
(9) of the second paragraph under “—Modification and Amendment” below. However, we may nonetheless choose to execute
such an amendment at our option.

If we change the default settlement method or we irrevocably fix the settlement method pursuant to the provisions described in the preceding paragraph, then, concurrently with providing notice to holders of notes, the trustee and the conversion agent (if other