Company: BTBT
Filing Date: 2025-06-26
Form Type: 424B5
Source: 0001213900-25-058407
Chunk: 11

Company: Bit Digital, Inc
Filing Date: 2025-06-26
Form: 424B5
Chunk 11
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 will involve significant time, expense, and distraction, which could disrupt or 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.

On June 25, 2025, we announced
that we have confidentially submitted a registration statement to pursue an IPO of WhiteFiber. The proposed WhiteFiber IPO would establish
WhiteFiber as a separate publicly traded company that consists of our HPC business. The proposed WhiteFiber IPO is subject to conditions,
including final approval by our Board of Directors and compliance with (including completion of all necessary filings required by) U.S.
securities laws and stock exchange rules. The failure to satisfy all of the required conditions could delay the completion of the WhiteFiber
IPO for a significant period of time or prevent it from occurring at all.

Unanticipated developments,
including unfavorable market conditions, possible delays in obtaining any necessary stock exchange, regulatory or other approval or the
failure to obtain any such approvals, negotiating challenges, the uncertainty of the financial markets, changes in the laws and regulations,
reactions of customers and other parties, industry or economic conditions outside of the Company’s control, and other challenges
in executing the WhiteFiber IPO, could delay or prevent the completion of the WhiteFiber IPO, or cause the WhiteFiber IPO to occur on
terms or conditions that are different or less favorable than expected. Any changes to the WhiteFiber IPO or delay in completing the WhiteFiber
IPO could cause us not to realize some or all of the expected benefits, or realize them on a different timeline than expected. Further,
our Board of Directors could decide, either because of a failure to satisfy conditions or because of market or other factors, to abandon
the WhiteFiber IPO. No assurance can be given as to whether and when the WhiteFiber IPO will occur or whether the WhiteFiber IPO will
achieve the benefits we expect. As a result, there can be no assurance as to the timing of the completion of the WhiteFiber IPO or its
terms.

Executing the WhiteFiber IPO
will require significant resources, time and attention from our senior management and employees. The WhiteFiber IPO could cause further
distractions and further divert attention and resources away from other projects and the day-to-day operation of our business. Both we
and WhiteFiber may also experience increased difficulties in attracting, retaining, and motivating management and employees during the
pend