Company: BTBT
Filing Date: 2025-09-29
Form Type: 424B5
Source: 0001213900-25-093122
Chunk: 69

Company: Bit Digital, Inc
Filing Date: 2025-09-29
Form: 424B5
Chunk 69
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, in which case:

| ● | If                                                                                                 
 the ordinary share price is between two ordinary share prices in the table or the effective        
 date is between two effective dates in the table, the number of additional ordinary shares         
 by which the conversion rate will be increased will be determined by a straight-line interpolation 
 between the number of additional ordinary shares set forth for the higher and lower ordinary       
 share prices and the earlier and later effective dates, as applicable, based on a 365-day          
 year.                                                                                              |

| ● | If                                                                                                   
 the ordinary share price is greater than $          per ordinary share (subject to adjustment in the 
 same manner as the ordinary share prices set forth in the column headings of the table above),       
 no additional ordinary shares will be added to the conversion rate.                                  |

| ● | If                                                                                                 
 the ordinary share price is less than $          per ordinary shares (subject to adjustment in the 
 same manner as the ordinary share prices set forth in the column headings of the table above),     
 no additional ordinary shares will be added to the conversion rate.                                |

Notwithstanding the foregoing, in no event will the conversion rate per $1,000 principal amount of the notes exceed ordinary shares, subject to adjustment in the same manner as the conversion rate as set forth under “—Conversion Rate Adjustments.”

Notwithstanding the foregoing, if the conversion rate is increased for notes converted in connection with a make-whole fundamental change then
the holder of such converted notes will not receive the interest make-whole conversion rate adjustment with respect to such notes.

Our obligation to increase
the conversion rate for notes converted in connection with a make-whole fundamental change could be considered a penalty, in which case
the enforceability thereof would be subject to general principles of reasonableness and equitable remedies. Neither the trustee nor any
of the agents shall have any duty to monitor the accuracy of any of the calculations made by us which will be conclusive and binding on
the holders, absent manifest error.

<div align='center'>S-41</div>

Adjustment to Conversion Rate upon Conversion
in Connection with an Optional Redemption

If you elect to convert your
notes called (or deemed called) for redemption in connection with an optional redemption, we will, under certain circumstances, increase
the conversion rate for the notes so surrendered for conversion by a number of additional ordinary shares as described below. We will
settle conversions of notes as described above under “—Settlement upon Conversion” and, for the avoidance of doubt,