Company: BTBT
Filing Date: 2025-04-30
Form Type: S-3
Source: 0001213900-25-037166
Chunk: 20

Company: Bit Digital, Inc
Filing Date: 2025-04-30
Form: S-3
Chunk 20
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 achieved or occur and actual results could differ materially from those projected in the forward-looking statements.
Moreover, we operate in an evolving environment. New risk factors and uncertainties may emerge from time to time, and it is not possible
for management to predict all risk factors and uncertainties. Except as required by applicable law, we do not plan to publicly update
or revise any forward-looking statements, whether as a result of any new information, future events, changed circumstances or otherwise.

<div align='center'>5

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;                             |
| ● | an effective judicial system;                                 |
| ● | a favorable tax system;                                       |
| ● | the absence of exchange control or currency restrictions; and |
| ● | the availability of professional and support services.        |

Our corporate affairs are governed by our
amended and restated memorandum and articles of association and by the Companies Act (Revised) of the Cayman Islands and common law
of the Cayman Islands. The rights of shareholders to take legal action against our directors and us, actions by minority
shareholders and the fiduciary responsibilities of our directors to us under Cayman Islands law are to a large extent governed by
the common law of the Cayman Islands. The common law of the Cayman Islands is derived in part from comparatively limited judicial
precedent in the Cayman Islands as well as from English common law. Appeals from the Cayman Islands Courts to the Privy Council
(which is the final court of appeal for British overseas territories, such as the Cayman Islands) are binding on