Company: BTBT
Filing Date: 2025-10-01
Form Type: 424B5
Source: 0001213900-25-094778
Chunk: 33

Company: Bit Digital, Inc
Filing Date: 2025-10-01
Form: 424B5
Chunk 33
---
 and notice obligations of issuers, which, if adopted, could affect the U.S. federal income tax treatment of a U.S. investor deemed to receive such a distribution. See “Description of the Notes—Conversion Rights” and “Taxation—Certain Material United States Federal Income Tax Considerations.”

We intend to take the position that the notes are not contingent payment debt instruments, which position is not free from doubt.

We may elect to or be required to make additional payments (in cash or in ordinary shares) on the notes in excess of stated principal and interest in certain circumstances. See “Description of the Notes—Events of Default” and “Description of the Notes—Conversion Rights.” The election or obligation to make these payments may implicate the provisions of the U.S. Treasury Regulations relating to “contingent payment debt instruments.” We believe and intend to take the position that the possibility of such payments does not result in the notes being treated as contingent payment debt instruments under the applicable U.S. Treasury Regulations. Our position that the notes are not contingent payment debt instruments is binding on each U.S. investor unless such U.S. investor discloses its contrary position to the IRS in the manner required by applicable U.S. Treasury Regulations. Our position that the notes are not contingent payment debt instruments is not, however, binding on the IRS. If the IRS successfully challenged this position, and the notes were treated as contingent payment debt instruments, U.S. investors would, among other things, be required to accrue interest income at a higher rate than the stated interest rate on the notes and to treat as ordinary income (rather than capital gain) any gain realized on the taxable disposition of a note (including any gain realized on the conversion of a note, even if the U.S. investor receives solely ordinary shares) regardless of the U.S. investor’s method of accounting for U.S. federal income tax purposes.

U.S. investors are urged to consult their tax advisors regarding the potential application to the notes of the contingent payment debt instrument rules and the consequences thereof. See “Taxation—Certain Material United States Federal Income Tax Considerations.”

<div align='center'>S-18

Use of PROCEEDS</div>

We estimate that we will receive
net proceeds of approximately $128.9 million from the sale of the notes in this offering (or approximately $143.3 million if the
underwriters exercise their option to purchase additional notes in full), after deducting underwriting discounts and commissions and estimated
offering expenses payable by us.