Company: BTBT
Filing Date: 2025-07-14
Form Type: 424B5
Source: 0001213900-25-063777
Chunk: 12

Company: Bit Digital, Inc
Filing Date: 2025-07-14
Form: 424B5
Chunk 12
---
 respectively. In the future, we may issue additional
awards under our equity incentive plans, or for capital raising or other purposes. We cannot predict the size of future issuances of our
shares, or the effect, if any, that future sales and issuances of securities would have on the market price of our ordinary shares.

If securities or industry analysts do not publish research or publish unfavorable research about our business, our share price and trading volume could decline.

The trading market for our
ordinary shares will be influenced by whether industry or securities analysts publish research and reports about us, our business, our
market or our competitors and, if any analysts do publish such reports, what they publish in those reports. We may not obtain or maintain
analyst coverage in the future. Any analysts that do cover us may publish unfavorable updates to their research coverage if they deem
the expanded Ethereum treasury strategy to be unattractive for investors, make adverse recommendations regarding our shares, adversely
change their recommendations from time to time and/or provide more favorable relative recommendations about our competitors. If analysts
who may cover us in the future were to cease coverage of our company or fail to regularly publish reports on us, or if analysts fail to
cover us or publish reports about us at all, we could lose (or never gain) visibility in the financial markets, which in turn could cause
the share price of our ordinary shares or trading volume to decline. Moreover, if our operating results do not meet the expectations of
the investor community, one or more of the analysts who cover our Company may change their recommendations regarding our Company, and
our share price could decline.

We do not intend to pay future dividends of our ordinary shares.

We have never declared or
paid any cash dividends with respect to our ordinary shares and do not intend to pay any cash dividends in the foreseeable future. Any
determination to pay future dividends will be at the discretion of the Chairman of the Board and Chief Financial Officer. We currently
plan to retain any future earnings to cover operating costs and otherwise fund the growth of our business. We cannot assure you that we
would, at any time, generate sufficient surplus cash that would be available for distribution to the holders of our ordinary shares as
a dividend. As a result, capital appreciation, if any, of our ordinary shares will be the sole source of gain for the foreseeable future.
There is no guarantee that our ordinary shares will appreciate in value or even maintain the price at which a shareholder purchased such
shareholder’s shares.