Company: BTBT
Filing Date: 2025-10-01
Form Type: 424B5
Source: 0001213900-25-094778
Chunk: 50

Company: Bit Digital, Inc
Filing Date: 2025-10-01
Form: 424B5
Chunk 50
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 elected the default settlement method (as defined below) with respect to such conversion. If we elect combination
settlement (or are deemed to have elected combination settlement), but we do not timely notify converting holders of the specified dollar
amount per $1,000 principal amount of notes, such specified dollar amount will be deemed to be $1,000. For the avoidance of doubt, our
failure to timely elect a settlement method or specify as applicable a specified dollar amount will not constitute a default under the
indenture.

<div align='center'>S-29</div>

The “default settlement
method” will initially be physical settlement. By notice to holders of the notes, the trustee and the conversion agent (if other
than the trustee), we may, from time to time, change the default settlement method prior to July 1, 2030. In addition, by notice to holders,
we may, prior to July 1, 2030, at our option, irrevocably elect to fix the settlement method to any settlement method that we are then
permitted to elect, including combination settlement with a specified dollar amount per $1,000 principal amount of notes of $1,000 or
with an ability to continue to set the specified dollar amount per $1,000 principal amount of notes at or above a specific amount set
forth in such election notice. If we change the default settlement method or we irrevocably elect to fix the settlement method, in either
case, to combination settlement with an ability to continue to set the specified dollar amount per $1,000 principal amount of notes at
or above a specific amount, we will, after the date of such change or election, as the case may be, inform holders converting their notes,
the trustee and the conversion agent (if other than the trustee) of such specified dollar amount no later than the relevant settlement
method election deadline, or, if we do not timely notify holders, such specified dollar amount will be the specific amount set forth in
the election notice or, if no specific amount was set forth in the election notice, such specified dollar amount will be $1,000 per $1,000
principal amount of notes. A change in the default settlement method or an irrevocable election will apply to all note conversions on
conversion dates occurring subsequent to delivery of such notice; provided, however, that no such change or election will affect any settlement
method theretofore elected (or deemed to be elected) with