Company: BTBT
Filing Date: 2025-06-18
Form Type: S-3/A
Source: 0001213900-25-055565
Chunk: 34

Company: Bit Digital, Inc
Filing Date: 2025-06-18
Form: S-3/A
Chunk 34
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 the Companies Act. The Companies Act distinguishes between ordinary resident companies and exempted
companies. Any company that is registered in the Cayman Islands but conducts business mainly outside of the Cayman Islands may apply
to be registered as an exempted company. The requirements for an exempted company are essentially the same as for an ordinary company
except that an exempted company:

| ● | does not have to file an                                                                                                
 annual return of its shareholders with the Registrar of Companies;                                                      |
| ● | is not required to open                                                                                                 
 its register of members for inspection;                                                                                 |
| ● | does not have to hold an                                                                                                
 annual general meeting;                                                                                                 |
| ● | may issue shares with no                                                                                                
 par value;                                                                                                              |
| ● | may obtain an undertaking                                                                                               
 against the imposition of any future taxation (such undertakings are usually given for 20 years in the first instance); |

| ● | may register by way of                                                          
 continuation in another jurisdiction and be deregistered in the Cayman Islands; |
| ● | may register as a limited                                                       
 duration company; and                                                           |
| ● | may register as a segregated                                                    
 portfolio company.                                                              |

“Limited liability” means that the
liability of each shareholder is limited to the amount unpaid by the shareholder on the shares of the company.

Listing

The Company’s ordinary shares are listed
on the Nasdaq Capital Market under the symbol “BTBT.”

Transfer Agent and Registrar

The transfer agent and registrar for our ordinary
shares is TranShare Securities Transfer & Registrar, whose address is 2849 Executive Drive, Suite 200, Clearwater, Florida 33762.

Preference Shares

Dividends.The holders of our preference
shares are entitled to receive, when, if and as paid or declared by the Directors, out of assets legally available therefor, prior and
in preference to any declaration or payment of any dividend on our ordinary shares, dividends at the annual rate of eight percent (8%)
of the original purchase price per preference share, as adjusted for any share combinations or subdivisions, bonus issues and similar
recapitalization events ("Recapitalization Events"). The right to dividends on preference shares are not cumulative, and no
right accrues to holders of preference shares by reason of the fact that dividends on said shares are not declared in any period, nor
shall any undeclared or unpaid dividend bear or accrue interest.

Liquidation / Insolvency Preference. On
a liquidation of the Company