Company: BTBT
Filing Date: 2025-04-30
Form Type: S-3
Source: 0001213900-25-037166
Chunk: 21

Company: Bit Digital, Inc
Filing Date: 2025-04-30
Form: S-3
Chunk 21
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 courts in the
Cayman Islands. Decisions of the English courts, and particularly the Supreme Court of the United Kingdom and the Court of Appeal
are generally of persuasive authority but are not binding on the courts of the Cayman Islands. Decisions of courts in other Commonwealth jurisdictions are similarly
of persuasive but not binding authority. The rights of our shareholders and
the fiduciary responsibilities of our directors under Cayman Islands law are not as clearly established as they would be under
statutes or judicial precedents in the United States. In particular, the Cayman Islands has a different body of securities laws as
compared to the United States and provide less protection to investors. In addition, Cayman Islands companies may not have standing
to initiate a shareholder derivative action before the U.S. federal courts. The Cayman Islands courts are also unlikely (i) to
recognize or enforce against us judgments of courts of the United States 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; and (ii) in
original actions brought in the Cayman Islands, to impose liabilities 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. In those circumstances, although there is currently no statutory enforcement or
treaty between the United States and the Cayman Islands providing for enforcement of judgments obtained in the United States. The
courts of the Cayman Islands will recognize and enforce a foreign money judgment of a foreign court of competent jurisdiction
without retrial on the merits based on the principle that a judgment of a competent foreign court imposes upon the judgment debtor
an obligation to pay the sum for which judgment has been given provided certain conditions are met. For a foreign judgment to be
enforced in the Cayman Islands, such judgment must be final and conclusive, given by a court of competent jurisdiction (the courts
of the Cayman Islands will apply the rules of Cayman Islands private international law to determine whether the foreign court is a
court of competent jurisdiction), and must not be in respect of taxes or a fine or penalty, inconsistent with a Cayman Islands
judgment in respect of the same matter, impeachable on the grounds of fraud or obtained in a manner, and or be of a kind the
enforcement of which is, contrary