Company: BTBT
Filing Date: 2025-10-01
Form Type: 424B5
Source: 0001213900-25-094778
Chunk: 73

Company: Bit Digital, Inc
Filing Date: 2025-10-01
Form: 424B5
Chunk 73
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, if we elect to redeem fewer than all of the outstanding notes as described
under “—Optional Redemption,” holders will not be entitled to convert the notes that are neither called for redemption
nor deemed to be called for redemption on account of the notice of redemption and will not be entitled to an increased conversion rate
for conversions of such notes on account of the notice of redemption during the related redemption period, even if such notes are otherwise
convertible.

The number of additional ordinary
shares by which the conversion rate will be increased in the event of conversion of notes called for redemption in connection with an
optional redemption will be determined by reference to the table under “—Adjustment to Ordinary Shares Delivered upon Conversion
upon a Make-Whole Fundamental Change,” based on the redemption reference date and the redemption reference price (each as defined
below), but determined for purposes of this section as if (x) the holder had elected to convert its notes called for redemption in connection
with a make-whole fundamental change, (y) the applicable redemption reference date were the “effective date” and (z) the applicable
redemption reference price were the “ordinary share price” (and subject, for the avoidance of doubt, to the two paragraphs
immediately following such table). For this purpose, the date on which we deliver notice of redemption is the “redemption reference
date” and the average of the last reported sale prices of the ordinary shares over the five consecutive trading day period ending
on, and including, the trading day immediately preceding the date we deliver such notice of redemption is the “redemption reference
price.”

Our obligation to increase
the conversion rate for notes converted in connection with an optional redemption could be considered a penalty, in which case the enforceability
thereof would be subject to general principles of reasonableness and equitable remedies. Neither the trustee nor any of the agents shall
have any duty to monitor the accuracy of any of the calculations made by us which will be conclusive and binding on the holders, absent
manifest error.

<div align='center'>Repurchase at the Option
of the Holders</div>

Repurchase on Put Date

Holders will have the right,
at their option, to require us to repurchase for cash all of their notes, or any portion of the principal amount thereof that is equal
to $1,000 or a multiple of $1,000, on October 1, 2028. The repurchase price we are required to pay will be equal to 100