Company: BTBT
Filing Date: 2025-10-01
Form Type: 424B5
Source: 0001213900-25-094778
Chunk: 57

Company: Bit Digital, Inc
Filing Date: 2025-10-01
Form: 424B5
Chunk 57
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 shall become effective immediately after the open of business on the ex-dividend date for such dividend or distribution,
or immediately after the open of business on the effective date for such share split or share combination, as applicable. If any dividend
or distribution of the type described in this clause (1) is declared but not so paid or made, the conversion rate shall be immediately
readjusted, effective as of the date our board of directors or a committee thereof determines not to pay such dividend or distribution,
to the conversion rate that would then be in effect if such dividend or distribution had not been declared.

| 2. | If we distribute to all or substantially all holders of the                                                                               
 ordinary shares any rights, options or warrants (other than in connection with a stockholders rights plan) entitling them, for a period   
 of not more than 45 calendar days after the announcement date of such issuance, to subscribe for or purchase ordinary shares at a price   
 per ordinary share that is less than the average of the last reported sale prices of the ordinary shares , for the 10 consecutive trading 
 day period ending on, and including, the trading day immediately preceding the date of announcement of such distribution, the conversion  
 rate will be increased based on the following formula:                                                                                    |

where,

| CR0 | = | the conversion rate in effect immediately prior to the open of business on the ex-dividend date for such distribution;                                                                                                                                                                                                                                                                       |
| CR1 | = | the conversion rate in effect immediately after the open of business on such ex-dividend date;                                                                                                                                                                                                                                                                                               |
| OS0 | = | the number of ordinary shares issued and outstanding immediately prior to the open of business on such ex-dividend date;                                                                                                                                                                                                                                                                     |
| X   | = | the total number of ordinary shares deliverable pursuant to such rights, options or warrants; and                                                                                                                                                                                                                                                                                            |
| Y   | = | the number of ordinary shares equal to the aggregate price payable to exercise such rights, options or warrants, divided by the average of the last reported sale prices of the ordinary shares over the 10 consecutive trading day period ending on, and including, the trading day immediately preceding the date of announcement of the distribution of such rights, options or warrants. |

<div align='center'>S-33</div>

Any increase made under this
clause (2) will be made successively whenever any such rights, options or warrants are distributed and shall become effective immediately
after the open of business on the ex-dividend date for such distribution.