Company: BTBT
Filing Date: 2025-10-01
Form Type: 424B5
Source: 0001213900-25-094778
Chunk: 49

Company: Bit Digital, Inc
Filing Date: 2025-10-01
Form: 424B5
Chunk 49
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 described below. We refer to each of these settlement methods as a “settlement method.”

All conversions of notes called
(or deemed called) for redemption for which the relevant conversion date occurs during the related redemption period, and all conversions
for which the relevant conversion date occurs on or after July 1, 2030 will be settled using the same settlement method. Except for any
conversions for which the relevant conversion date occurs during a redemption period, and any conversions for which the relevant conversion
date occurs on or after July 1, 2030, and except to the extent we have irrevocably elected physical settlement as described under “—Certain
Distributions Notice” in the related notice described therein or previously made an irrevocable election with respect to all subsequent
conversions of notes as described below, we will use the same settlement method for all conversions with the same conversion date, but
we will not have any obligation to use the same settlement method with respect to conversions with different conversion dates. That is,
prior to July 1, 2030, subject to the immediately preceding sentence, we may choose for notes converted on one conversion date to settle
conversions using one settlement method (for example, physical settlement), and choose for notes converted on another conversion date
to use a different settlement method (for example, cash settlement or combination settlement).

If we elect a settlement method,
we will deliver a written notice to holders so converting, the trustee and the conversion agent (if other than the trustee) of the settlement
method so elected no later than the close of business on the trading day immediately following the related conversion date (or in the
case of (i) any conversions of notes called (or deemed called) for redemption for which the relevant conversion date occurs during
the related redemption period, in the relevant notice of redemption, (ii) any conversions of notes for which the relevant conversion date
occurs on or after July 1, 2030, no later than July 1, 2030, or (iii) any conversions for which we have irrevocably elected physical
settlement as described under “—Certain Distributions Notice,” in the related notice described therein) (in each case,
the “settlement method election deadline”). If we do not timely elect a settlement method as described in the preceding sentence,
we will no longer have the right to elect a settlement method with respect to any conversion on such conversion date or during such period
and we will be deemed to have