Company: BTBT
Filing Date: 2025-06-25
Form Type: 424B5
Source: 0001213900-25-057815
Chunk: 13

Company: Bit Digital, Inc
Filing Date: 2025-06-25
Form: 424B5
Chunk 13
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 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 $ million from the sale of the ordinary
shares offered by us in this offering (or approximately $ million
if the underwriters exercise their option to purchase an additional
ordinary shares in full), after deducting the underwriting discount 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, of our available funds and any future earnings to operate and expand our
business. Any future determination to pay dividends will be at the discretion of our board of directors, subject to applicable laws, and
will depend on our financial condition, results of operations, capital requirements, general business conditions and other factors that
our board of directors considers relevant.

<div align='center'>S-8

Capitalization</div>

The following table sets
forth our cash and cash equivalents and capitalization as of March 31, 2025:

| ● | on a historical basis; and |

| ● | on an as adjusted basis, giving effect to