Company: BTBT
Filing Date: 2025-04-30
Form Type: S-3
Source: 0001213900-25-037166
Chunk: 69

Company: Bit Digital, Inc
Filing Date: 2025-04-30
Form: S-3
Chunk 69
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 broad discretion in the application of the net proceeds from this offering and could spend the proceeds in ways that do not
improve our results of operations or enhance the value of our ordinary shares. The failure by management to apply these funds effectively
could result in financial losses that could have a material adverse effect on our business, cause the price of our ordinary shares to
decline and delay our greater strategy.

You may experience future dilution as a result of future equity offerings.

In order to raise additional capital, we may in
the future offer additional ordinary shares or other securities convertible into or exchangeable for our ordinary shares at prices that
may not be the same as the price per ordinary share in this offering. We may sell ordinary shares or other securities in any other offering
at a price per ordinary share that is less than the price per ordinary share paid by investors in this offering, and investors purchasing
ordinary shares or other securities in the future could have rights superior to existing shareholders. The price per ordinary share at
which we sell additional ordinary shares or securities convertible or exchangeable into ordinary shares, in future transactions may be
higher or lower than the price per ordinary share paid by investors in this offering.

The ordinary shares offered hereby will be sold in “at-the-market” offerings, and investors who buy ordinary shares at different times will likely pay different prices.

Investors who purchase ordinary shares in this
offering at different times will likely pay different prices, and so may experience different outcomes in their investment results. We
will have discretion, subject to market demand, to vary the timing, prices and numbers of ordinary shares sold, and there is no minimum
or maximum sales price. Investors may experience a decline in the value of their ordinary shares as a result of ordinary share sales made
at prices lower than the prices they paid.

<div align='center'>S-6</div>

The actual number of ordinary shares we will sell under the Sales Agreement, at any one time or in total, is uncertain.

Subject to certain limitations in the Sales Agreement
and compliance with applicable law, we have the discretion to deliver a sales notice to Wainwright at any time throughout the term of
the Sales Agreement. The number of ordinary shares that are sold by Wainwright after we deliver a sales notice will fluctuate based on
the market price of the ordinary shares during the sales period and limits we set with Wainwright. Because the price per ordinary share
of each ordinary share sold will fluctuate based on the market price of ordinary