Company: BTBT
Filing Date: 2025-06-11
Form Type: S-3/A
Source: 0001213900-25-053489
Chunk: 73

Company: Bit Digital, Inc
Filing Date: 2025-06-11
Form: S-3/A
Chunk 73
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 network staking approaches,
weighing the advantages of traditional staking against liquid staking solutions. The withdrawal feature in native staking, coupled with
yields that are on par with those of liquid staking, has encouraged us to expand our collaborations with other service providers in this
domain. As a result, we terminated all liquid staking activities with StakeWise in the third quarter of 2023, reclaiming all staked Ethereum
along with the accumulated rewards. In the fourth quarter of 2023, the Company terminated the native staking activities and reclaimed
all staked Ethereum with Blockdaemon.

Our native staking operations with MarsProtocol
Technologies Pte. Ltd. (“Marsprotocol”) commenced in the first quarter of 2023 and concluded in July 2023. After ceasing
operations with Marsprotocol, we initiated our native staking with MarsLand Global Limited (“MarsLand”) in August 2023. Subsequently,
we have ceased our native staking with MarsLand in the first quarter of 2024 and initiated our native staking with Figment Inc.

We started participating in liquid staking via
Liquid Collective protocol on the Coinbase platform in the first quarter of 2023. Liquid staking allows participants to achieve greater
capital efficiency by utilizing their staked ETH as collateral and trading their staked ETH tokens on the secondary market. In the first
quarter of 2024, we have reclaimed all the liquid staked ETH from Liquid Collective protocol.

Corporate Information

Our executive offices are located at 31 Hudson
Yards, Floor 11, New York, NY, 10001, and our telephone number is (212) 463-5121. The information on our website does not constitute
part of this prospectus and inclusion of our website address to this prospectus is an inactive textual reference only.

<div align='center'>S-4</div>

THE OFFERING

| Ordinary Shares offered by us pursuant to this prospectus |     | Ordinary shares, $0.01 par value, having an aggregate offering price of up to $500 million.                                                                                                                                                                                                  |
| Ordinary                                                  
 Shares outstanding immediately after this offering (1)    |     | Up to 188,679,245 ordinary shares, assuming a sales price of $2.69 per                                                                                                                                                                                                                       
 share, which was the closing price on the Nasdaq Capital Market on June 9, 2025. The actual number of shares outstanding will vary depending                                                                                                                                                 
 on the price which ordinary