Company: BTBT
Filing Date: 2025-10-31
Form Type: S-3ASR
Source: 0001213900-25-104745
Chunk: 21

Company: Bit Digital, Inc
Filing Date: 2025-10-31
Form: S-3ASR
Chunk 21
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 by Written Consent. Under the Delaware General Corporation Law, a corporation may eliminate the right of shareholders to act by
written consent by amendment to its certificate of incorporation. Cayman Islands law and our current articles of association provide that
shareholders may approve corporate matters by way of a unanimous written resolution signed by or on behalf of each shareholder who would
have been entitled to vote on such matter at a general meeting without a meeting being held.

Shareholder Proposals.
Under the Delaware General Corporation Law, a shareholder has the right to put any proposal before the annual meeting of shareholders,
provided it complies with the notice provisions in the governing documents. A special meeting may be called by the board of directors
or any other person authorized to do so in the governing documents, but shareholders may be precluded from calling special meetings.

Cayman Islands law does not
provide shareholders any right to put proposals before a meeting or requisition a general meeting. However, these rights may be provided
in articles of association. Our current articles of association allow our shareholders holding not less than ten (10%) percent of all
paid up share capital in issue and carrying the right of voting at general meetings to requisition a shareholder’s meeting. Other
than this right to requisition a shareholders’ meeting, our current articles of association do not provide our shareholders other
right to put proposal before a meeting. As a Cayman Islands exempted company, we are not obliged by law to call shareholders’ annual
general meetings.

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Cumulative Voting.Under
the Delaware General Corporation Law, cumulative voting for elections of directors is not permitted unless the corporation’s certificate
of incorporation specifically provides for it. Cumulative voting potentially facilitates the representation of minority shareholders on
a board of directors since it permits the minority shareholder to cast all the votes to which the shareholder is entitled on a single
director, which increases the shareholder’s voting power with respect to electing such director. There are no prohibitions in relation
to cumulative voting under the laws of the Cayman Islands, but our current articles of association do not provide for cumulative voting.
As a result, our shareholders are not afforded any less protections or rights on this issue than shareholders of a Delaware corporation.

Removal of Directors.Under
the Delaware General Corporation Law, a director of a corporation may be removed with our without cause with the approval of a majority
of the outstanding shares entitled to vote. Under our current articles of association, directors may be removed with or without cause