Company: BTBT
Filing Date: 2025-07-15
Form Type: 424B5
Source: 0001213900-25-063950
Chunk: 66

Company: Bit Digital, Inc
Filing Date: 2025-07-15
Form: 424B5
Chunk 66
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 provisions
in our Articles (as summarized below) on the day immediately prior to the date on which the Company entered liquidation. On an insolvency,
liquidation or winding up of the Company, the holder of our preference shares shall be repaid in priority to the holders of our ordinary
shares.

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Conversion. Subject to the limitations
summarized out below, the holder of any preference share may convert any preference shares held by them into ordinary shares of the Company
on a one-for-one basis. The holder of any preference shares shall not be permitted to convert its preference shares into ordinary shares
if such conversion would result in such holder being the registered owner of more than 4.99% of the issued ordinary shares of the Company.

Enhanced voting rights. For all matters
relating to the Company requiring the votes of shareholder by a poll or by proxy, each preference share shall carry the equivalent number
of votes as 50 ordinary shares.

If applicable, the prospectus supplement relating
to a particular issue of preference shares will include a discussion of material U.S. federal income tax considerations.

Other rights that may attach to our shares

Subject to our memorandum and articles of association,
and without prejudice to any special rights previously conferred on the holders of existing shares, any share may be issued with such
preferred, deferred, or other special rights, or such restrictions, whether in regard to dividend, voting, return of share capital or
otherwise, as the Company may from time to time by special resolution determine, and subject to the provisions of the Companies Act,
any share may, with the sanction of a special resolution, be issued on the terms that it is, or at the option of the Company or the holder
is liable, to be redeemed.

Provisions in Corporate Law

The Companies Act is
derived, to a large extent, from the older Companies Acts of England and Wales but does not follow recent United Kingdom statutory enactments
and, accordingly, there are significant differences between the Companies Act and the current Companies Act of the United Kingdom. In
addition, the Companies Act differs from laws applicable to U.S. corporations and their shareholders. Set forth below is a summary of
the significant provisions of the Companies Act applicable to us.

Mergers and Similar Arrangements. The Companies Act permits mergers and consolidations between Cayman Islands companies and between Cayman Islands
companies and non-Cayman Islands companies, provided that the laws of the foreign jurisdiction permit