Company: BTBT
Filing Date: 2025-10-01
Form Type: 424B5
Source: 0001213900-25-094778
Chunk: 115

Company: Bit Digital, Inc
Filing Date: 2025-10-01
Form: 424B5
Chunk 115
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 and (iii) interests in non-U.S. entities. The notes and ordinary shares may be subject to these rules. U.S. Holders are urged to consult their tax advisor regarding the application of this legislation to their ownership of the notes or ordinary shares.

THIS DISCUSSION IS FOR GENERAL INFORMATIONAL PURPOSES ONLY AND IS NOT TAX ADVICE. U.S. HOLDERS SHOULD CONSULT THEIR TAX ADVISORS REGARDING THE U.S. FEDERAL, STATE, AND LOCAL AND NON-U.S. INCOME AND NON-INCOME TAX CONSEQUENCES OF THE OWNERSHIP, AND DISPOSITION OF THE NOTES AND ORDINARY SHARES, INCLUDING THE IMPACT OF ANY POTENTIAL CHANGE IN LAW, IN THEIR PARTICULAR CIRCUMSTANCES AND THE EFFECT OF ANY TAX TREATIES.

<div align='center'>S-64

Underwriting</div>

Barclays Capital Inc., Cantor Fitzgerald & Co. and B. Riley Securities, Inc. are acting as representatives of the underwriters and sole book-running managers of this offering. Under the terms of an underwriting agreement, which will be filed as a Current Report on Form 8-K to be incorporated to the registration statement, with respect to the notes being offered, each of the underwriters named below has severally agreed to purchase from us, the principal amount of the notes set forth opposite their names below:

| Underwriters               |     | Principal       
 Amount of Notes |             |
|:---------------------------|:----|:----------------|------------:|
| Barclays Capital Inc.      |     | $               |  71,769,000 |
| Cantor Fitzgerald & Co.    |     | $               |  44,428,000 |
| B. Riley Securities, Inc.. |     | $               |  18,803,000 |
| Total                      |     | $               | 135,000,000 |

The underwriting agreement provides that the underwriters’ obligation to purchase the notes depends on the satisfaction of the certain conditions contained in the underwriting agreement including:

| ● | the                                                                                               
 obligation to purchase all of the notes offered hereby (other than those notes covered by         
 their option to purchase additional notes as described below), if any of the notes are purchased; |

| ● | the                                                                     
 representations and warranties made by us to the underwriters are true; |

| ● | there                                                               
 is no material change in our business or the financial markets; and |

| ● | we                                                       
 deliver customary closing documents to the under