Company: BTBT
Filing Date: 2025-10-01
Form Type: 424B5
Source: 0001213900-25-094778
Chunk: 156

Company: Bit Digital, Inc
Filing Date: 2025-10-01
Form: 424B5
Chunk 156
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 return for each year in which they hold Ordinary Shares. U.S. Holders
should also be aware that if the Company were a PFIC, they would generally be required to file IRS Form 8261, Information Return by a
Shareholder of a Passive Foreign Investments Company or Qualified Electing Fund, during any taxable year in which such U.S. Holder recognizes
gain or receives an excess distribution or with respect to which the U.S. Holder has made certain elections.

U.S.
Holders are urged to consult their own tax advisors regarding the application of the information reporting rules to the Ordinary Shares
and their particular circumstances.

EACH PROSPECTIVE INVESTOR IS URGED TO CONSULT ITS OWN TAX ADVISORS ABOUT THE APPLICATION OF THE U.S. FEDERAL INCOME TAX LAWS TO THEIR PARTICULAR SITUATIONS AS WELL AS ANY TAX CONSEQUENCES RESULTING FROM OWNING OR DISPOSING OUR ORDINARY SHARES, INCLUDING THE APPLICABILITY AND EFFECT OF THE TAX LAWS OF ANY STATE, LOCAL OR NON-U.S. JURISDICTION, INCOME TAX TREATIES AND INCLUDING ESTATE, GIFT AND INHERITANCE LAWS.

<div align='center'>DESCRIPTION OF SHARE CAPITAL</div>

The following description sets forth certain
general terms and provisions of the ordinary shares and preference shares to which any prospectus supplement may relate.

In this “Description of Share Capital”
section, when we refer to “we,” “us” or “our” or when we otherwise refer to ourselves, we mean Bit
Digital, Inc., excluding, unless otherwise expressly stated or the context requires, our subsidiaries.

General

We are a Cayman Islands exempted company and
our affairs are governed by our memorandum and articles of association (the “Articles”) and the Companies Act (Revised) of
the Cayman Islands, which we refer to as the Companies Act below.

<div align='center'>10</div>

Our authorized share capital is US$3,500,000
consisting of 340,000,000 ordinary shares, par value $0.01 per share and 10,000,000 preference shares, par value $0.01 per share. As
of June 13, 2025, there were 208,530,871 ordinary shares and 1,000,000 preference shares issued and outstanding.

Ordinary Shares

Dividends. Subject to the provisions
of the Companies Act and any rights attaching to any class or classes of shares