Company: BTBT
Filing Date: 2025-07-15
Form Type: 424B5
Source: 0001213900-25-063950
Chunk: 21

Company: Bit Digital, Inc
Filing Date: 2025-07-15
Form: 424B5
Chunk 21
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is not committing to determine whether it is not a PFIC on an annual basis. If we were classified as a PFIC for any year during which
a U.S. Holder held our ordinary shares, we generally would continue to be treated as a PFIC for all succeeding years during which such
U.S. Holder held our ordinary shares even if we cease to be a PFIC in subsequent years, unless certain elections (described below) are
made.

If
we are a PFIC for your taxable year(s) during which you hold ordinary shares, you will be subject to special tax rules with respect to
any “excess distribution” that you receive and any gain you realize from a sale or other disposition (including a pledge)
of the ordinary shares, unless you make a “mark-to-market” election as discussed below. Distributions you receive in a taxable
year that are greater than 125% of the average annual distributions you received during the shorter of the three preceding taxable years
or your holding period for the ordinary shares will be treated as an excess distribution. Under these special tax rules:

| ● | the excess distribution or gain will be allocated ratably over your holding period for the ordinary shares; |

| ● | the amount allocated to your current taxable year, and any amount allocated to any of your taxable year(s) prior to the first taxable year in which we were a PFIC, will be treated as ordinary income, and |

| ● | the amount allocated to each of your other taxable year(s) will be subject to the highest tax rate in effect for that year, and an interest charge generally applicable to underpayments of tax will be imposed on the resulting tax attributable to each such year. |

The tax liability for amounts
allocated to years prior to the year of disposition or “excess distribution” cannot be offset by any net operating losses
for such years, and gains (but not losses) realized on the sale of the ordinary shares cannot be treated as capital, even if you hold
the ordinary shares as capital assets.

<div align='center'>S-12</div>

A
U.S. Holder of “marketable stock” (as defined below) in a PFIC may make a mark-to-market election for such stock to elect
out of the tax treatment discussed above. If you make a mark-to-market election for first taxable year which you hold (or are deemed to
hold) ordinary shares and for which we are determined to be a PFIC, you will include in your