Company: BTBT
Filing Date: 2025-09-29
Form Type: 424B5
Source: 0001213900-25-093122
Chunk: 50

Company: Bit Digital, Inc
Filing Date: 2025-09-29
Form: 424B5
Chunk 50
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 than the trustee) of such change or election, we will either post the default settlement method or fixed settlement method, as the case may be, on our website or disclose the same in a current report on Form 8-K (or any successor form) that is filed with the SEC.

Settlement amounts will be computed as follows:

| ● | if                                                                                              
 we elect (or are deemed to have elected) physical settlement, we will deliver to the converting 
 holder in respect of each $1,000 principal amount of notes being converted a number of ordinary 
 shares equal to the conversion rate in effect immediately after the close of business on        
 the relevant conversion date;                                                                   |

| ● | if                                                                                             
 we elect (or are deemed to have elected) cash settlement, we will pay to the converting holder 
 in respect of each $1,000 principal amount of notes being converted cash in an amount equal    
 to the sum of the daily conversion values for each of the 30 consecutive trading days during   
 the related observation period; and                                                            |

| ● | if                                                                                         
 we elect (or are deemed to have elected) combination settlement, we will pay or deliver,   
 as the case may be, to the converting holder in respect of each $1,000 principal amount of 
 notes being converted a “settlement amount” equal to the sum of the daily settlement       
 amounts for each of the 30 consecutive trading days during the related observation period. |

The “daily settlement amount,” for each of the 30 consecutive trading days during the observation period, shall consist of:

| ● | cash                                                                                           
 equal to the lesser of (i) the maximum cash amount per $1,000 principal amount of notes to     
 be received upon conversion as specified in the notice specifying our chosen settlement method 
 (or deemed specified as set forth above) (the “specified dollar amount”), if                   
 any, divided by 30 (such quotient, the “daily measurement value”) and (ii) the                 
 daily conversion value; and                                                                    |

| ● | if                                                                                          
 the daily conversion value exceeds the daily measurement value, a number of ordinary shares 
 equal to (i) the difference between the daily conversion value and the daily measurement    
 value, divided by (ii) the daily VWAP for such trading day.                                 |

The “daily conversion value” means, for each of the 30 consecutive trading days during the observation period, 1/30 thof the product of (1) the conversion rate in effect immediately after the close of business on such