Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 131

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 131
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201, New York, New York 10036, as our agent upon whom process may be served in any
action brought against us under the securities laws of the United States.

Ogier (Cayman) LLP, our
counsel as to Cayman Islands law, and Tian Yuan Law Firm, our counsel as to PRC law, have advised us, respectively, that there is uncertainty
as to whether the courts of the Cayman Islands and China, respectively, would recognize or enforce judgments of United States courts obtained
against us or our directors or officers predicated upon the civil liability provisions of the securities laws of the United States or
any state in the United States; or entertain original actions brought in each respective jurisdiction against us or our directors or officers
predicated upon the civil liability provisions of the securities laws of the United States or any state in the United States, so far as
the liabilities imposed by those provisions are penal in nature.

Tian Yuan Law Firm has further advised us that the recognition and enforcement of foreign judgments are subject
to compliance with the PRC Civil Procedures Law and relevant civil procedure requirements in the PRC. PRC courts may recognize and enforce
foreign judgments in accordance with the requirements of PRC Civil Procedures Law based either on treaties between China and the country
where the judgment is made or on reciprocity between jurisdictions. China does not have any treaties or other form of reciprocity with
the United States or the Cayman Islands that provide for the reciprocal recognition and enforcement of foreign judgments. In addition,
according to the PRC Civil Procedures Law, courts in the PRC will not enforce a foreign judgment against us or our directors and officers
if they decide that the judgment violates the basic principles of PRC law or national sovereignty, security or public interest. As a result,
it is uncertain whether and on what basis a PRC court would enforce a judgment rendered by a court in the United States or in the Cayman
Islands.

<div align='center'>USE OF PROCEEDS</div>

We will not receive any
proceeds from the sale of the Ordinary Shares by the Selling Securityholders. All such proceeds will be received by the Selling Securityholders.
However, we expect to use the proceeds from the exercise of the options for working capital and other general corporate purposes.

<div align='center'>70

SELLING SECURITYHOLDERS</div>

The shares offered by
this prospectus are being registered for reoffers and resales by the Selling Securityholders, who may