Company: BTBT
Filing Date: 2025-04-30
Form Type: S-3
Source: 0001213900-25-037166
Chunk: 72

Company: Bit Digital, Inc
Filing Date: 2025-04-30
Form: S-3
Chunk 72
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In the event the offering is made at an assumed
price of $2.76 per share, our net tangible book value at December 31, 2024 would have been approximately $2.09 per share based on an aggregate
of 360,284,625 ordinary shares with dilution of $0.13 per share to new investors.

The per share data appearing above is based on
179,125,205 ordinary shares outstanding as of December 31, 2024, and excludes:

| ● | Ordinary shares reserved for issuance upon exercise of outstanding warrants; |
| ● | Ordinary shares reserved for issuance upon exercise of outstanding RSUs;     |

| ● | Ordinary shares reserved for issuance upon exercise of outstanding options; |

| ● | up to 5,000,000 ordinary shares reserved for issuance under the 2021 Second Omnibus Equity Incentive Plan, of which 360,000 stock options are issued and outstanding; and |
| ● | up to 5,000,000 ordinary shares reserved for issuance under the 2023 Omnibus Equity Incentive Plan of which 1,025,968 RSUs are issued and outstanding.                    |

To the extent that any outstanding restricted
stock awards, options or warrants are exercised, or we otherwise issue additional ordinary shares in the future, at a price less than
the public offering price, there will be further dilution to the investors.

<div align='center'>S-8

PLAN OF DISTRIBUTION</div>

We have entered into an At The Market Offering
Agreement (the “Sales Agreement”), with H.C. Wainwright & Co., LLC (“Wainwright”), under which we may sell
our ordinary shares from time to time through Wainwright acting as sales agent, subject to certain limitations. The sales, if any, of
ordinary shares made under the Sales Agreement will be made by any method that is deemed an “at the market offering” as defined
in Rule 415 promulgated under the Securities Act, including sales made directly on or through the Nasdaq Capital Market or any other existing
trading market in the United States for our ordinary shares, sales made to or through a market maker other than on an exchange or otherwise,
directly to Wainwright as principal, in negotiated transactions at market prices prevailing at the time of sale or at prices related to
such prevailing market prices and/or in any other method permitted by law.

Each time we wish to sell ordinary shares under
the Sales Agreement,