Company: BTBT
Filing Date: 2025-04-30
Form Type: S-3
Source: 0001213900-25-037166
Chunk: 24

Company: Bit Digital, Inc
Filing Date: 2025-04-30
Form: S-3
Chunk 24
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<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'>7</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
April 28, 2025, there were 203,751,326 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 (including our preference shares) under and in accordance with the Articles:

| (a) | the directors may declare dividends or distributions out        
 of our funds which are lawfully available for that purpose; and |

| (b) | our shareholders may, by ordinary resolution, declare dividends            
 but no such dividend shall exceed the amount recommended by the directors. |

Subject to the requirements of the Companies Act
regarding the application of a company’s share premium account and with the sanction of an ordinary resolution, dividends may also
be declared and paid out of any share premium account. The directors when paying dividends to shareholders may make such payment either
in cash or in specie.

Voting Rights. The holders of our
ordinary shares are entitled to one vote per share, including for the election of directors. Voting at any meeting of shareholders is
by show of hands unless a poll is demanded. On a show of hands, every shareholder present in person or by proxy shall have one vote. On
a poll, every shareholder entitled to vote (in person or by proxy) shall have one vote for each share for which he is the holder. A poll
may be demanded by the chairman or one