Company: BTBT
Filing Date: 2025-10-31
Form Type: S-3ASR
Source: 0001213900-25-104745
Chunk: 53

Company: Bit Digital, Inc
Filing Date: 2025-10-31
Form: S-3ASR
Chunk 53
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, our business, financial condition or results of operations could be harmed substantially. In such a case, you may lose all or part of your investment. You should carefully consider the risks and uncertainties described below and those risks and uncertainties incorporated by reference into this prospectus, as well as the other information included in this prospectus, before making an investment decision with respect to our ordinary shares.

Risks Related to this Offering

We currently intend to use the net proceeds of this offering primarily to purchase Ethereum and may use the net proceeds for general corporate purposes, including potential investments, acquisitions and other business opportunities relating to digital assets, the prices of which have been, and may continue to be, subject to significant volatility.

We currently intend to use the net proceeds from
this offering primarily to purchase Ethereum and may use the net proceeds for general corporate purposes, including potential investments,
acquisitions and other business opportunities relating to digital assets. The prices or values of Ethereum and other digital assets in
which we may invest or trade have been, and will likely continue to be, subject to significant volatility. In addition, there is no guarantee
that we will be able to sell our ETH at prices quoted on various cryptocurrency trading platforms or at all if we determine to do so.
The supply of ETH is currently controlled by the source code of the Ethereum platform, and there is a risk that the developers of the
code and the participants in the Ethereum network could develop and/or adopt new versions of the Ethereum software that significantly
increase the supply of ETH in circulation, negatively impacting the trading price of ETH. Future fluctuations in Ethereum trading prices
may result in our converting Ethereum purchased with the net proceeds from this offering into cash with a value substantially below the
net proceeds from this offering. Further, any significant decrease in the price of ETH may materially and adversely affect the value of
our securities and, in turn, our business and financial condition. In the event we use the net proceeds of this offering for general corporate
purposes, our management has broad discretion to use of these proceeds and may use them in ways that are unsuccessful or in ways investors
do not agree with.

The ordinary shares will be sold in “at-the-market” offerings, and investors who buy shares at different times will likely pay different prices.

Investors who purchase shares in this offering
at different times will likely pay different prices, and so may experience different outcomes in their investment results. We will have
discretion, subject to market demand, to vary the timing, prices, and numbers of shares