Company: BTBT
Filing Date: 2025-07-15
Form Type: 8-K
Source: 0001213900-25-064340
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Company: Bit Digital, Inc
Filing Date: 2025-07-15
Form: 8-K
Item: Item 1.01
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Item
1.01 Entry into a Material Definitive Agreement.

On July 14, 2025, Bit Digital, Inc.
(the “ Company”) entered into a placement agency agreement (the “ Placement Agent Agreement”) with B. Riley Securities,
Inc. (the “ Placement Agent”), pursuant to which the Placement Agent agreed to serve as the sole placement agent for the
Company in connection with a registered direct offering (the “ Registered Direct Offering”) of an aggregate of 22,000,000 ordinary
shares (the “ Shares”) of the Company at an offering price of $3.06 per share. The gross proceeds to the Company from the Registered
Direct Offering were approximately $67.3 million before deducting placement agent fees and other estimated offering expenses.

The Registered Direct Offering closed on
July 15, 2025. The Company intends to use the net proceeds from the Registered Direct Offering to purchase Ethereum.

The Company agreed to pay the Placement
Agent an aggregate cash fee equal to $0.1648 per Share sold in the Registered Direct Offering.

The Registered Direct Offering was made
pursuant to the Company’s registration statement on Form S-3, as amended (Registration No. 333-286841), which was originally filed
on April 30, 2025 with the Securities and Exchange Commission (the “ SEC”), a base prospectus included in the registration
statement at the time it originally became effective, and a prospectus supplement, dated July 14, 2025, filed with the SEC on July 15,
2025 pursuant to Rule 424(b)(5) under the Securities Act of 1933, as amended (the “ Prospectus Supplement”).

The foregoing description of the Placement
Agent Agreement does not purport to be complete and is qualified in its entirety by reference to the complete text of such agreement,
a copy of which is filed herewith as Exhibit 10.1, and is incorporated herein by reference.

A copy of the opinion of Ogier (Cayman)
LLP relating to the legality of the Shares is filed herewith as Exhibit 5.1.

Safe Harbor Statement.

This Current Report on Form 8-K (this
“ Current Report”) may contain certain “forward-looking statements” relating to the business of the Company and
its subsidiary companies. All statements, other than statements of historical fact, included herein are “forward-looking statements.”
These forward-looking statements are often identified by the use of forward-looking terminology such as “intends” or