Company: BTBT
Filing Date: 2025-06-25
Form Type: 424B5
Source: 0001213900-25-057815
Chunk: 10

Company: Bit Digital, Inc
Filing Date: 2025-06-25
Form: 424B5
Chunk 10
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 shares. When the price of a stock has been volatile, holders
of that stock have sometimes instituted securities class action litigation against the issuer, which requires significant management
time and attention, resulting in significant legal expenses and potential damages.

Sales of substantial amounts of our ordinary shares in the public market, or the perception that these sales may occur, could cause the market price of our ordinary shares to decline. We are unable to predict the effect that such sales may have on the prevailing market price of the ordinary shares.

Sales of substantial amounts
of our ordinary shares in the public market, or the perception that these sales may occur, could cause the market price of our ordinary
shares to decline. This could also impair our ability to raise additional capital through the sale of our equity securities. Under our
Amended and Restated Articles of Association, we are authorized to issue up to 340,000,000 ordinary shares, of which
ordinary shares will be outstanding following this offering (or
ordinary shares if the underwriters exercise their option to purchase additional shares in full). We may issue additional ordinary shares,
which may dilute existing shareholders, including purchasers of the ordinary shares offered hereby. In connection with the completion
of this offering, we and each of our directors and executive officers have agreed not to offer, sell or transfer any ordinary shares or
securities convertible into, or exchangeable or exercisable for, ordinary shares, for a period of 60 days after the date of this prospectus
supplement, subject to certain exceptions. See “Underwriting.” B. Riley Securities, Inc., however, may, in its sole discretion,
permit us and our directors and executive officers who will be subject to these lock-up agreements to sell shares prior to the expiration
of the lock-up agreements. Following the expiration of the lock-up period, these shares will be available for sale in the public
markets subject to restrictions under applicable securities laws. We cannot predict the size of future issuances of our shares, or the
effect, if any, that future sales and issuances of securities would have on the market price of our ordinary shares.

If securities or industry analysts do not publish research or publish unfavorable research about our business, our share price and trading volume could decline.

The trading market for our
ordinary shares will be influenced by whether industry or securities analysts publish research and reports about us, our business, our
market or our competitors and, if any analysts do publish such reports, what they publish in those reports. We may not obtain or maintain