Company: BTBT
Filing Date: 2025-10-01
Form Type: 424B5
Source: 0001213900-25-094778
Chunk: 88

Company: Bit Digital, Inc
Filing Date: 2025-10-01
Form: 424B5
Chunk 88
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 or expense. Except to enforce the right to receive payment of principal or interest when due, or the right to receive payment or delivery of the consideration due upon conversion, no holder may pursue any remedy with respect to the indenture or the notes unless:

| 1. | such                                                                                           
 holder has previously given the trustee written notice that an event of default is continuing; |

| 2. | holders                                                                                    
 of at least 25% in principal amount of the outstanding notes have requested the trustee to 
 pursue the remedy;                                                                         |

| 3. | such                                                                                       
 holders have offered, and if requested, provided, to the trustee security and/or indemnity 
 satisfactory to the trustee against any loss, liability or expense;                        |

| 4. | the                                                                                        
 trustee has not complied with such request within 60 days after the receipt of the request 
 and the offer of security and/or indemnity; and                                            |

| 5. | the                                                                                           
 holders of a majority in principal amount of the outstanding notes have not given the trustee 
 a direction that is inconsistent with such request within such 60-day period.                 |

Subject to certain restrictions, the holders of a majority in principal amount of the outstanding notes are given the right to direct the time, method and place of conducting any proceeding for any remedy available to the trustee or of exercising any trust or power conferred on the trustee. However, the trustee may refuse to follow any direction that conflicts with law or the indenture, that may involve the trustee in personal liability, or if it is not provided with security and/or indemnity to its satisfaction and may take any other action it deems proper that is not inconsistent with any such direction received from holders. In addition, the trustee will not be required to expend its own funds under any circumstances.

The indenture will provide that in the event an event of default has occurred and is continuing, and if a responsible officer of the trustee has written notice or actual knowledge of such event, the trustee will be required in the exercise of its powers to use the degree of care that a prudent person would use in the conduct of its own affairs. The trustee, however, may refuse to follow any direction that conflicts with law or the indenture or that would involve the trustee in personal liability. Prior to taking any action under the indenture, the trustee will be entitled to security and/or indemnification satisfactory to the trustee in its sole discretion against all losses, liabilities and expenses caused by taking or not taking such action.

The indenture will provide