Company: BTBT
Filing Date: 2025-10-31
Form Type: S-3ASR
Source: 0001213900-25-104745
Chunk: 54

Company: Bit Digital, Inc
Filing Date: 2025-10-31
Form: S-3ASR
Chunk 54
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 sold, and there is no minimum or maximum sales
price. Investors may experience a decline in the value of their shares as a result of share sales made at prices lower than the prices
they paid.

The actual number of shares we will issue under the Sales Agreement, at any one time or in total, is uncertain.

Subject to certain limitations
in the Sales Agreement and compliance with applicable law, we have the discretion to deliver a sales notice to Wainwright at any time
throughout the term of the Sales Agreement. The number of shares that are sold by Wainwright after delivering a sales notice will fluctuate
based on the market price of our ordinary shares during the sales period and limits we set with Wainwright. Because the price per share
of each share sold in this offering will fluctuate based on the market price of our ordinary shares during the sales period, it is not
possible at this stage to predict the number of shares that will be ultimately issued.

<div align='center'>S-4</div>

In connection with this
offering, we may currently offer and sell up to 625,842,251 ordinary shares, which is the maximum number of shares available for issuance
under our amended and restated memorandum and articles of association pursuant to which we are authorized to issue up to 1,000,000,000
ordinary shares. To issue ordinary shares in an amount up to $2.5 billion, we may need more than 1,000,000,000 authorized ordinary shares,
depending on the sales price. In such case, we would need to increase our authorized shares, which would be subject to, among other things,
the approval of our shareholders/ There can be no guarantee we would be able to obtain such approval in a timely manner or at all. For
illustrative purposes, if our authorized shares are increased, we could issue up to 706,214,689 ordinary shares to realize the full $2.5
billion in sales amount available under this offering, based on an assumed offering price of $3.54 per share, the last reported sale price
of our ordinary shares on Nasdaq on October 30, 2025.

Our preliminary financial information represents management’s current reconciliation and is subject to change.

The preliminary estimated financial results contained
in “Prospectus Supplement Summary—Recent Developments— Preliminary Financial Results for the Three Months Ended September
30, 2025” represents only preliminary financial results and is based on information available to management as