Company: BTBT
Filing Date: 2025-10-01
Form Type: 424B5
Source: 0001213900-25-094778
Chunk: 72

Company: Bit Digital, Inc
Filing Date: 2025-10-01
Form: 424B5
Chunk 72
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 of the notes exceed 312.50 ordinary shares, subject to adjustment in
the same manner as the conversion rate as set forth under “—Conversion Rate Adjustments.”

Notwithstanding the foregoing, if the conversion rate is increased for notes converted in connection with a make-whole fundamental change then
the holder of such converted notes will not receive the interest make-whole conversion rate adjustment with respect to such notes.

Our obligation to increase
the conversion rate for notes converted in connection with a make-whole fundamental change could be considered a penalty, in which case
the enforceability thereof would be subject to general principles of reasonableness and equitable remedies. Neither the trustee nor any
of the agents shall have any duty to monitor the accuracy of any of the calculations made by us which will be conclusive and binding on
the holders, absent manifest error.

<div align='center'>S-41</div>

Adjustment to Conversion Rate upon Conversion
in Connection with an Optional Redemption

If you elect to convert your
notes called (or deemed called) for redemption in connection with an optional redemption, we will, under certain circumstances, increase
the conversion rate for the notes so surrendered for conversion by a number of additional ordinary shares as described below. We will
settle conversions of notes as described above under “—Settlement upon Conversion” and, for the avoidance of doubt,
pay additional amounts, if any, with respect to any such conversion.

A conversion of notes called
(or deemed called) for redemption shall be deemed to be in connection with an optional redemption if such conversion occurs during the
related redemption period. In the event that a conversion of notes called (or deemed called) for redemption in connection with an optional
redemption would also be deemed to be in connection with a make-whole fundamental change or any other redemption, a holder of the notes
to be converted will be entitled to a single increase to the conversion rate with respect to the first to occur of the applicable notice
of redemption and the effective date of the applicable make-whole fundamental change, and the later event will be deemed not to have occurred
for purposes of this section and the adjustments described under “—Adjustment to Ordinary Shares Delivered upon Conversion
upon a Make-Whole Fundamental Change.” For the avoidance of doubt, if we issue a notice of redemption as set forth under “—Optional
Redemption,” we will increase the conversion rate hereunder during the related redemption period only with respect to conversions
of notes called (or deemed called) for redemption. Accordingly