Company: BTBT
Filing Date: 2025-06-11
Form Type: S-3/A
Source: 0001213900-25-053489
Chunk: 78

Company: Bit Digital, Inc
Filing Date: 2025-06-11
Form: S-3/A
Chunk 78
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, if any, are not determinable at this time. We estimate that the
net proceeds from the sale of our ordinary shares that we are offering may be up to approximately $484,800,000, after deducting Wainwright’s
commission and estimated offering expenses payable by us.

We intend to use the net proceeds of this offering
for working capital and general corporate purposes, including, but not limited to, the purchase of computer miners.

<div align='center'>DIVIDEND POLICY</div>

We have never declared or paid any cash dividends
on our ordinary shares. We have no present plan to declare and pay any dividends on our ordinary shares in the near future. We currently
intend to retain most, if not all, of our available funds and any future earnings to operate and expand our business. Any future determination
to pay dividends will be at the discretion of our board of directors, subject to applicable laws, and will depend on our financial condition,
results of operations, capital requirements, general business conditions and other factors that our board of directors considers relevant.

<div align='center'>CAPITALIZATION</div>

The following table sets forth the consolidated
capitalization of Bit Digital, Inc. and its subsidiaries as of March 31, 2025, on an actual basis and adjusted basis to give effect to
this offering of the ordinary shares.

The information below should be read in conjunction
with, and is qualified in its entirety by, the audited consolidated financial statements and schedules and notes thereto included in
our annual report on Form 10-K for the fiscal year ended December 31, 2024, and Current Report on Form 10-Q for the period ended March
31, 2025 as incorporated by reference into this prospectus supplement.

|                                                                                                                   |     | As               
 of March 31 2025 |              |   |     |          |               |   |
|:------------------------------------------------------------------------------------------------------------------|:----|:-----------------|-------------:|:--|:----|:---------|--------------:|:--|
|                                                                                                                   |     | Actual           |              |   |     | As       
 Adjusted |               |   |
| Shareholders’ equity:                                                                                             |     |                  |              |   |     |          |               |   |
| Preferred                                                                                                         
 shares, $0.01 par value, 10,000,000 shares authorized, 1,000,000 shares issued and outstanding and as             
 adjusted, respectively as of March