Company: BTBT
Filing Date: 2025-07-25
Form Type: PRE 14A
Source: 0001213900-25-067734
Chunk: 12

Company: Bit Digital, Inc
Filing Date: 2025-07-25
Form: PRE 14A
Chunk 12
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and Preference Shares combined, either present in person or represented by proxy and entitled to vote at the General Meeting is required
for approval of this Proposal.

IF YOU ARE A BIT DIGITAL INC. SHAREHOLDER, THE BOARD OF DIRECTORS RECOMMENDS THAT YOU VOTE “FOR” THE PROPOSAL TO INCREASE THE COMPANY’S AUTHORIZED SHARE CAPITAL.

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PROPOSAL 2

THE ADJOURNMENT PROPOSAL</div>

Overview

The Adjournment Proposal
is a proposal to approve, by Ordinary Resolution, the adjournment of the General Meeting to a later date or dates, to be determined by
the chairman of the General Meeting, or indefinitely, if necessary or convenient, to permit further solicitation and vote of proxies or
if the Board determines before the General Meeting that it is not necessary or no longer desirable to proceed with Proposal No. 1. The
text of the resolution is set forth as follows:

“It is hereby resolved, as an Ordinary Resolution, that the adjournment
of the General Meeting to a later date or dates to be determined by the chairman of the General Meeting, or indefinitely, if necessary
or convenient, to permit further solicitation and vote of proxies or if the Board determines before the General Meeting that it is not
necessary or no longer desirable to proceed with the other proposal be confirmed, ratified and approved in all respects.”

Background

The Company believes that if the number of Shares outstanding and entitled
to vote at the General Meeting and voting in favor of Proposal No. 1 is insufficient to approve the proposal, it is in the best interests
of the Shareholders to enable the Company to continue to seek to obtain a sufficient number of additional votes to approve the proposal.
In such an event, if a quorum is present at the General Meeting, the Adjournment Proposal will be brought to a vote. Approval of the Adjournment
Proposal is necessary to adjourn the General Meeting where a quorum is present.

Additionally, approval of the Adjournment Proposal will provide flexibility
to the Company to adjourn the General Meeting indefinitely if the Board determines before the General Meeting that it is not necessary
or no longer desirable to proceed with Proposal No. 1. If the General Meeting is adjourned for ten days or more, notice of the adjourned
meeting must be given. The Company believes that it is in the best interests of the Shareholders to provide such flexibility.

Vote Required and Board