Company: BTBT
Filing Date: 2025-10-01
Form Type: 424B5
Source: 0001213900-25-094778
Chunk: 63

Company: Bit Digital, Inc
Filing Date: 2025-10-01
Form: 424B5
Chunk 63
---
 for such conversion and within the 10 trading days
immediately following, and including, the trading day next succeeding the expiration date of any tender or exchange offer, references
to “10” or “10” in the preceding paragraph shall be deemed replaced with such lesser number of trading
days as have elapsed from, and including, the trading day next succeeding such the expiration date of such tender or exchange offer to,
and including, such trading day in determining the conversion rate as of such trading day.

To the extent such tender
or exchange offer is announced but not consummated (including as a result of being precluded from consummating such tender or exchange
offer under applicable law), or any purchases or exchanges of the ordinary shares in such tender or exchange offer are rescinded, the
conversion rate will be readjusted to the conversion rate that would then be in effect had the adjustment been made on the basis of only
the purchases or exchanges of the ordinary shares, if any, actually made, and not rescinded, in such tender or exchange offer.

Notwithstanding the foregoing,
if a conversion rate adjustment becomes effective on any ex-dividend date as described above, and a holder that has converted its notes
on or after such ex-dividend date and on or prior to the related record date would be treated as the record holder of ordinary shares
as of the related conversion date as described under “—Settlement upon Conversion” based on an adjusted conversion rate
for such ex-dividend date, then, notwithstanding the foregoing conversion rate adjustment provisions, the conversion rate adjustment relating
to such ex-dividend date will not be made for such converting holder. Instead, such holder will be treated as if such holder were the
record owner of the ordinary shares on an unadjusted basis and participate in the related dividend, distribution or other event giving
rise to such adjustment.

Notwithstanding the foregoing,
we will not be required to adjust the conversion rate unless such adjustment would require an increase or decrease of at least one percent;
provided, however, that any such minor adjustments that are not required to be made will be carried forward and taken into account in
any subsequent adjustment, and provided, further, that any such adjustment of less than one percent that has not been made shall be made
upon the occurrence of (i) the effective date for any fundamental change or make-whole fundamental change and (ii) in the case of any
note to which physical settlement applies, the relevant conversion date, and, in the case of any note