Company: BTBT
Filing Date: 2025-07-14
Form Type: 424B5
Source: 0001213900-25-063777
Chunk: 27

Company: Bit Digital, Inc
Filing Date: 2025-07-14
Form: 424B5
Chunk 27
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 including transfers, distribution, or otherwise disposal
(as the case may be) of lock-up shares: (a) as a bona fide gift or gifts, or for bona fide estate planning purposes, (b) to any trust
for the direct or indirect benefit of the lock-up party or any immediate family member, (c) to a corporation, partnership, limited liability
company, trust or other business entity, (d) by will, other testamentary document or intestacy (e) by operation of law, such as pursuant
to a qualified domestic order, divorce settlement or other court order, (f) the establishment of trading plans pursuant to Rule 10b5-1(c),
(g) to satisfy tax withholding pursuant to the Company’s equity incentive plans or arrangements (h) to the Company pursuant
to agreements in effect on the date of hereof and described herein under which the Company has the option to repurchase shares or forfeit
the lock-up shares upon termination of service of the undersigned, (i) in connection with any sell-to-cover or similar transactions or
the “cashless exercise” in connection with the vesting, settlement or exercise of restricted stock units, stock options, warrants
or other rights to acquire ordinary shares, (j) in open market transactions after the completion of this offering and (k) pursuant to
a bona fide third-party tender offer, merger, consolidation or other similar transaction approved by our board of directors and made to
all holders of holders involving a change in control, provided that if such transaction is not completed, all such lock-up shares would
remain subject to the restrictions in the immediately preceding paragraph.

The placement agent may, in its sole discretion and at any time or
from time to time, release all or any portion of the ordinary shares subject to the lock-up agreement. Any determination to release any
ordinary shares would be based upon a number of factors at the time of determination, which may include the market price of the ordinary
shares, the liquidity of the trading market of the ordinary shares, general market conditions, the number of ordinary shares and the timing,
purposes and terms of the proposed sale or other transfer. The placement agent does not have any present intention, agreement or understanding,
implicit or explicit, to release any of the ordinary shares or other securities subject to the lock-up agreements prior to the expiration
of the lock-up period described above.

<div align='center'>S-15</div>

Regulation M

The placement agent may be