Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 118

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 118
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 ● | disputes concerning our intellectual property or other proprietary rights; |

| ● | sales of our Ordinary Shares by our officers, directors or significant shareholders; |

| ● | Other actions taken by our shareholders; |

| ● | future sales or issuances of equity or debt securities by us; |

| ● | business disruptions caused by earthquakes, tornadoes or other natural disasters; |

| ● | issuance of new or changed securities analysts’ reports or recommendations regarding us; |

| ● | legal proceedings involving our company, our industry or both; |

| ● | changes in market valuations of companies similar to ours; |

| ● | the prospects of the industry in which we operate; |

| ● | speculation or reports by the press or investment community with respect to us or our industry in general; |

| ● | the level of short interest in our shares;                                           |
| ● | changes in the regulatory and legal environment in which we operate; and             |
| ● | market conditions in the AI industry, and domestic and worldwide economy as a whole. |

In
addition, the stock markets have recently and in the past experienced extreme volatility that has often been unrelated to the operating
performance of issuers. These broad market fluctuations may negatively impact the price or liquidity of our Ordinary Shares. When the
price of a share has been volatile, holders of that share have sometimes instituted securities class action litigation against the issuer.

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We have a dual class share structure that allows our directors to issue preference shares that could be dilutive to your interests as an ordinary shareholder.

Our authorized share
capital is US$3,500,000 divided into 340,000,000 Ordinary Shares of par value US$0.01 each and 10,000,000 preference shares of par value
US$0.01 each (“preference shares”). We currently have 1,000,000 preference shares issued and outstanding, with such preference
shares entitled to fifty (50) votes per share and a preferred dividend at the annual rate of 8% of the original purchase price per preference
share (subject to adjustments), as disclosed below.

Our directors have the
discretion to issue preference shares without shareholder approval. The issuance of preference shares could be dilutive to the interests
of holders of Ordinary Shares which could cause the market price of our Ordinary Shares could be adversely affected.

The terms of our preference
shares are the same as our Ordinary Shares, except with respect to the following matters:

Dividends