Company: BTBT
Filing Date: 2025-10-01
Form Type: 424B5
Source: 0001213900-25-094778
Chunk: 65

Company: Bit Digital, Inc
Filing Date: 2025-10-01
Form: 424B5
Chunk 65
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 and we may also (but are not required to) increase the conversion rate to avoid or diminish income
tax to holders of the ordinary shares or rights to purchase ordinary shares in connection with a dividend or distribution of ordinary
shares (or rights to acquire ordinary shares) or similar event.

If we have a rights plan in
effect upon conversion of the notes into ordinary shares, you will receive, in addition to the ordinary shares received in connection
with such conversion, the rights under the rights plan. However, if, prior to any conversion, the rights have separated from the ordinary
shares in accordance with the provisions of the applicable rights plan, the conversion rate will be adjusted at the time of separation
as if we distributed to all holders of the ordinary shares, shares of our capital stock, evidences of indebtedness, assets, property,
rights, options or warrants as described in clause (3) above, subject to readjustment in the event of the expiration, termination or redemption
of such rights.

Notwithstanding the foregoing,
the conversion rate will not be adjusted:

| ● | upon the issuance of shares of our common stock at a price below the conversion price or otherwise, other 
 than any such issuance described in clause (1), (2), (3) or (5) above;                                    |

| ● | upon                                                                                      
 the issuance of any ordinary shares pursuant to any present or future plan providing for  
 the reinvestment of dividends or interest payable on our securities and the investment of 
 additional optional amounts in ordinary shares under any plan;                            |

| ● | upon                                                                                       
 the issuance of any ordinary shares or options or rights to purchase those ordinary shares 
 pursuant to any present or future employee, director or consultant benefit plan or program 
 (including pursuant to any evergreen plan) of or assumed by us or any of our subsidiaries; |

| ● | upon                                                                                              
 the repurchase of any ordinary shares pursuant to an open-market share repurchase program         
 or other buyback transaction that is not a tender offer or exchange offer of the nature described 
 in clause (5) above;                                                                              |

| ● | for                                                                                                  
 a third-party tender offer by any party other than a tender offer by one or more of our subsidiaries 
 as described in clause (5) above;                                                                    |

| ● | upon                                                                                       
 the issuance of any ordinary shares pursuant to any option, warrant, right or exercisable, 
 exchangeable or convertible security not described in the preceding bullet and outstanding 
 as of the date the notes were first issued (