Company: BTBT
Filing Date: 2025-10-31
Form Type: S-3ASR
Source: 0001213900-25-104745
Chunk: 56

Company: Bit Digital, Inc
Filing Date: 2025-10-31
Form: S-3ASR
Chunk 56
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 the future
sell additional ordinary shares or equity-linked securities to raise capital. In addition, a substantial number of ordinary shares are
reserved for issuance upon conversion of the 2030 convertible notes as well as in connection with the exercise or vesting of awards under
our equity incentive plans. We cannot predict the size of future issuances or the effect, if any, that they may have on the market price
for our ordinary shares or equity-linked securities in the public market. Future sales of substantial amounts of our ordinary shares (including
in this offering), or securities convertible or exchangeable into our ordinary shares, into the public market, or the perception that
those sales could occur, could adversely affect the prevailing market price of our ordinary shares and our ability to raise capital in
the future. Any current or future sales of ordinary shares in the public market by us will result in dilution to our existing shareholders.
Additionally, we are unable to predict the effect that sales by, or the perceived possibility of sales by, our directors, executive officers
and existing stockholders of our ordinary shares in the market after this offering. These sales might also make it more difficult for
us to sell equity securities at a time and price that we deem appropriate.

<div align='center'>S-5</div>

The trading price of our ordinary shares is subject to pricing factors that are not necessarily associated with traditional factors that influence share prices or the value of non-bitcoin assets.

The market price of our ordinary shares may be
highly volatile and may fluctuate substantially due to many factors, including:

| ● | actual or anticipated fluctuations in our financial condition              
 and operating results or those of companies perceived to be similar to us; |

| ● | actual or anticipated changes in our growth rate relative 
 to our competitors;                                       |

| ● | commercial success and market acceptance of blockchain, bitcoin, 
 Ethereum and other digital assets;                               |

| ● | actions by our competitors, such as new business initiatives, 
 acquisitions and divestitures;                                |

| ● | strategic transactions undertaken by us; |

| ● | additions or departures of key personnel; |

| ● | prevailing economic conditions; |

| ● | disputes concerning our intellectual property or other proprietary 
 rights;                                                            |

| ● | sales of our ordinary shares by our officers, directors or 
 significant shareholders;                                  |

| ● | other actions taken by our shareholders; |

| ● | future sales or issuances of equity or debt securities by 
 us;                                                       |

| ● | business disruptions