Company: BTBT
Filing Date: 2025-07-15
Form Type: 424B5
Source: 0001213900-25-063950
Chunk: 54

Company: Bit Digital, Inc
Filing Date: 2025-07-15
Form: 424B5
Chunk 54
---
. expatriates, investors that own (directly, indirectly, or constructively) 5% or more of our voting stock,
investors that hold their Ordinary Shares as part of a straddle, hedge, conversion, constructive sale or other integrated transaction),
investors that have a functional currency other than the U.S. dollar, investors who hold our Ordinary Shares in connection with a trade
or business outside the United States, all of whom may be subject to tax rules that differ significantly from those summarized below.
In addition, this discussion does not address any tax laws other than the United States federal income tax laws, including any state,
local, alternative minimum tax, estate or gift tax, non-United States tax considerations or the Medicare tax. To the extent that the
discussion relates to matters of United States tax law, it represents the opinion of Davidoff Hutcher & Citron LLP, our United States
counsel.

General

For
purposes of this discussion, a “U.S. Holder” is a beneficial owner of our Ordinary Shares that is, for United States federal
income tax purposes, (i) an individual who is a citizen or resident of the United States, (ii) a corporation (or other entity
treated as a corporation for United States federal income tax purposes) created in, or organized under the laws of, the United States
or any state thereof or the District of Columbia, (iii) an estate the income of which is includible in gross income for United States
federal income tax purposes regardless of its source, or (iv) a trust (A) the administration of which is subject to the primary
supervision of a United States court and which has one or more United States persons who have the authority to control all substantial
decisions of the trust or (B) that has otherwise elected to be treated as a United States person under the Code.

If
a partnership (or other entity treated as a partnership for United States federal income tax purposes) is a beneficial owner of our Ordinary
Shares, the tax treatment of a partner in the partnership may vary depending on the status of the partner and the activities of the partnership.
Partnerships and partners of a partnership holding our Ordinary Shares are urged to consult their tax advisors regarding an investment
in our Ordinary Shares.

The
discussion set forth below is addressed only to U.S. Holders that purchase Ordinary Shares in this offering. Prospective purchasers are
urged to consult their own tax advisors about the application of the U