Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 129

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 129
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 stability;                             |
| ● | an effective judicial system;                                 |
| ● | a favorable tax system;                                       |
| ● | the absence of exchange control or currency restrictions; and |
| ● | the availability of professional and support services.        |

Our corporate affairs
are governed by our amended and restated memorandum and articles of association and by the Companies Act (Revised) of the Cayman Islands
and common law of the Cayman Islands. The rights of shareholders to take legal action against our directors and us, actions by minority
shareholders and the fiduciary responsibilities of our directors to us under Cayman Islands law are to a large extent governed by the
common law of the Cayman Islands. The common law of the Cayman Islands is derived in part from comparatively limited judicial precedent
in the Cayman Islands as well as from English common law. Appeals from the Cayman Islands Courts to the Privy Council (which is the final
court of appeal for British overseas territories, such as the Cayman Islands) are binding on courts in the Cayman Islands. Decisions of
the English courts, and particularly the Supreme Court of the United Kingdom 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