Company: BTBT
Filing Date: 2025-10-01
Form Type: 424B5
Source: 0001213900-25-094778
Chunk: 19

Company: Bit Digital, Inc
Filing Date: 2025-10-01
Form: 424B5
Chunk 19
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 notes.

In addition, we expect that
the shares underlying the notes will be reflected in our diluted earnings per share using the “if-converted” method. Under
that method, the ordinary shares underlying the notes will be reflected in our diluted earnings per share assuming that all the notes
were converted into ordinary shares at the beginning of the reporting period (or, if later, the date the notes are first issued), unless
the result would be anti-dilutive. The application of the if-converted method may reduce our reported diluted earnings per share, and
accounting standards may change in the future in a manner that may adversely affect our diluted earnings per share.

We have not reached a final
determination regarding the accounting treatment for the notes, and the description above is preliminary. Accordingly, we may account
for the notes in a manner that is significantly different than described above. We cannot be sure whether other changes may be made to
the current accounting standards related to the notes, or otherwise, that could have a material adverse effect on our reported financial
results.

Future sales of ordinary shares or equity-linked securities in the public market could lower the trading price for our ordinary shares, adversely impact the trading price of the notes and result in dilution to existing shareholders.

We may in the future sell additional ordinary shares or equity-linked securities to raise capital. In addition, a substantial number of ordinary shares are reserved for issuance upon conversion of the notes as well as in connection with the exercise or vesting of awards under our equity incentive plans. We cannot predict the size of future issuances or the effect, if any, that they may have on the market price for our ordinary shares or equity-linked securities in the public market. The issuance and/or sale of substantial amounts of our ordinary shares, or the perception that such issuances and sales may occur (including due to anticipated conversion of the notes offered hereby, depending on the prevailing trading price of our ordinary shares at the time), could adversely affect the trading price of the notes and ordinary shares and impair our ability to raise capital through the sale of additional equity or equity-linked securities. Any current or future sales of ordinary shares in the public market by us will result in dilution to our existing shareholders. In addition, if one or more holders of the notes elects to convert the notes, unless we elect to satisfy our conversion obligations solely by paying cash, we expect that the settlement of such conversions will result in dilution to our existing shareholders. We are unable to predict the effect that sales, particularly