Company: BTBT
Filing Date: 2025-10-01
Form Type: 424B5
Source: 0001213900-25-094778
Chunk: 143

Company: Bit Digital, Inc
Filing Date: 2025-10-01
Form: 424B5
Chunk 143
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 the Company’s assets are
held for the production of, or produce, passive income, the Company would be characterized as a passive foreign investment company (“PFIC”)
for U.S. federal income tax purposes. While the Company’s Management has obtained a third party analysis for 2024 and does not
believe that the Company should be classified as a PFIC for 2024, PFIC status is determined annually, and whether the Company will be
a PFIC for the current taxable year or any future taxable year is uncertain. Moreover, the Company is not committing to determine whether
it is or is not a PFIC on an annual basis. If the Company is characterized as a PFIC, United States holders of Ordinary Shares may suffer
adverse tax consequences, including the treatment of gains realized on the sale of Ordinary Shares as ordinary income, rather than as
capital gain, the loss of the preferential income tax rate applicable to dividends received on Ordinary Shares by individuals who are
United States holders, and the addition of interest charges to the tax on such gains and certain distributions. A United States shareholder
of a PFIC generally may mitigate these adverse U.S. federal income tax consequences by making a Qualified Electing Fund (“QEF”)
election or, to a lesser extent, a mark-to-market election. The Company does not intend to provide the information necessary for United
States shareholders to make a QEF election if the Company is classified as a PFIC for any year.

<div align='center'>4

USE OF PROCEEDS</div>

Unless otherwise indicated in a prospectus supplement,
we intend to use the net proceeds from the sale of securities under this prospectus for general corporate purposes, which may include
capital expenditures, funding potential acquisitions of additional new mining equipment, cloud services equipment, other potential acquisitions,
and general working capital. We will set forth in a prospectus supplement relating to a specific offering any intended use for the net
proceeds received from the sale of securities in that offering. We will have significant discretion in the use of any net proceeds. Investors
will be relying on the judgment of our management regarding the application of the proceeds of any sale of securities. We may invest
the net proceeds temporarily until we use them for their stated purpose, as applicable.

<div align='center'>ENFORCEABILITY OF CIVIL LIABILITIES</div>

We were incorporated in the Cayman Islands in
order to enjoy the following benefits:

| ● | political and economic                
 stability;                            |