Company: BTBT
Filing Date: 2025-10-31
Form Type: S-3ASR
Source: 0001213900-25-104745
Chunk: 9

Company: Bit Digital, Inc
Filing Date: 2025-10-31
Form: S-3ASR
Chunk 9
---
 and the Court of Appeal are generally of persuasive authority but are not binding
on the courts of the Cayman Islands. Decisions of courts in other Commonwealth jurisdictions are similarly of persuasive but not binding
authority. The rights of our shareholders and the fiduciary responsibilities of our directors under Cayman Islands law are not as clearly
established as they would be under statutes or judicial precedents in the United States. In particular, the Cayman Islands has a different
body of securities laws as compared to the United States and provide less protection to investors. In addition, Cayman Islands companies
may not have standing to initiate a shareholder derivative action before the U.S. federal courts. The Cayman Islands courts are also unlikely
(i) to recognize or enforce against us judgments of courts of the United States obtained against us or our directors or officers
predicated upon the civil liability provisions of the securities laws of the United States or any state in the United States; and (ii) in
original actions brought in the Cayman Islands, to impose liabilities against us or our directors or officers predicated upon the civil
liability provisions of the securities laws of the United States or any state in the United States, so far as the liabilities imposed
by those provisions are penal in nature. In those circumstances, although there is currently no statutory enforcement or treaty between
the United States and the Cayman Islands providing for enforcement of judgments obtained in the United States. The courts of the Cayman
Islands will recognize and enforce a foreign money judgment of a foreign court of competent jurisdiction without retrial on the merits
based on the principle that a judgment of a competent foreign court imposes upon the judgment debtor an obligation to pay the sum for
which judgment has been given provided certain conditions are met. For a foreign judgment to be enforced in the Cayman Islands, such judgment
must be final and conclusive, given by a court of competent jurisdiction (the courts of the Cayman Islands will apply the rules of Cayman
Islands private international law to determine whether the foreign court is a court of competent jurisdiction), and must not be in respect
of taxes or a fine or penalty, inconsistent with a Cayman Islands judgment in respect of the same matter, impeachable on the grounds of
fraud or obtained in a manner, and or be of a kind the enforcement of which is, contrary to natural justice or the public policy of the
Cayman Islands. Furthermore, it is uncertain that Cayman Islands courts would enforce: (1) judgments of