Company: BTBT
Filing Date: 2025-04-30
Form Type: S-3
Source: 0001213900-25-037166
Chunk: 18

Company: Bit Digital, Inc
Filing Date: 2025-04-30
Form: S-3
Chunk 18
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| ● | If you purchase our securities in this offering, 
 you may incur dilution.                          |

| ● | We will have broad discretion in the use of the                   
 net proceeds from this offering and may not use them effectively. |

<div align='center'>4

RISK FACTORS</div>

An investment in our ordinary shares involves a high degree of risk. Prior to making a decision about investing in our ordinary shares, you should carefully consider the specific risk factors discussed in the sections entitled “Risk Factors” contained in our annual report on Form 10-K for the fiscal year ended December 31, 2024 (“Annual Report”) under the heading “Item 1A. Risk Factors,” and as described or may be described in any subsequent quarterly report on Form 10-Q under the heading “Item 1A. Risk Factors,” as well as in any applicable prospectus supplement and contained or to be contained in our filings with the SEC and incorporated by reference in this prospectus, together with all of the other information contained in this prospectus, or any applicable prospectus supplement. For more information, see the section entitled “Where You Can Find More Information; Incorporation by Reference” on page iv of this prospectus. If any of the following risks, or any other risks and uncertainties that are not presently foreseeable to us, actually occur, our business, financial condition, results of operations, liquidity and our future growth prospects could be materially and adversely affected.

Please note in considering the “Risk
Factors” in Item 1A of our Annual Report that: (A) notwithstanding the fact that Bit Digital, Inc. has not conducted
operations in the PRC since September 30, 2021, we have previously disclosed under Risk Factors in our Annual Report. “We may
be subject to fines and penalties for any noncompliance with or any liabilities in our former business in China in a certain period
from now on.” Although the statute of limitations for non-compliance by our former business in the PRC is generally two years
and the Company has been out of the PRC, for more than two years, the Authority may still find it prior bitcoin mining operations
involved a threat to financial security. In such event, the two-year period would be extended to five years, and (B) the risk
factor titled “If we are classified as a passive foreign investment company (“PFIC”) U.S. taxpayers who own our
ordinary shares may have adverse United States federal income tax consequences” has