Company: BTBT
Filing Date: 2025-07-15
Form Type: 424B5
Source: 0001213900-25-063950
Chunk: 14

Company: Bit Digital, Inc
Filing Date: 2025-07-15
Form: 424B5
Chunk 14
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. The WhiteFiber IPO could cause further
distractions and further divert attention and resources away from other projects and the day-to-day operation of our business. Both we
and WhiteFiber may also experience increased difficulties in attracting, retaining, and motivating management and employees during the
pendency of the WhiteFiber IPO and following its completion. The WhiteFiber IPO, whether or not completed, may also have an adverse impact
on our relationships with our customers, suppliers and other business counterparties. The price of our ordinary shares could also fluctuate
significantly in response to developments or market speculation related to the proposed WhiteFiber IPO.

We have already incurred significant
expenses in connection with the WhiteFiber IPO, and expect that the process of completing the WhiteFiber IPO will be time-consuming and
involve significant additional costs and expenses, which may not yield a discernible benefit if the WhiteFiber IPO is not completed or
is not completed on the timeline or terms anticipated. In addition, if the WhiteFiber IPO is not completed, we will still be required
to pay certain costs and expenses incurred in connection therewith, such as legal, accounting, and other professional and advisory fees.

Any of the above factors could
cause the WhiteFiber IPO (or the failure to consummate the WhiteFiber IPO) to have a material adverse effect on our business, financial
condition, cash flows and results of operations and could cause the market value of our ordinary shares to decline.

<div align='center'>S-6

Use of PROCEEDS</div>

We estimate that we will
receive net proceeds of approximately $63.3 million from the sale of the ordinary shares offered by us in this offering,
after deducting placement agent fees and estimated offering expenses payable by us. We intend to use the net proceeds from this
offering to purchase Ethereum.

Pending the use of the net
proceeds described above, we may invest the net proceeds from this offering in a variety of capital preservation investments, including
money market funds, short- and intermediate-term, interest-bearing obligations, investment-grade instruments, certificates of deposit
or direct or guaranteed obligations of the U.S. government.

<div align='center'>S-7

DIVIDEND POLICY</div>

We have never declared or
paid any cash dividends on our ordinary shares. We have no present plan to declare and pay any dividends on our ordinary shares in the
near future. We currently intend to retain most, if not all