Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 130

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 130
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 States and the Cayman Islands providing for enforcement of judgments obtained in the United States.
The courts of the Cayman Islands will recognize and enforce a foreign money judgment of a foreign court of competent jurisdiction without
retrial on the merits based on the principle that a judgment of a competent foreign court imposes upon the judgment debtor an obligation
to pay the sum for which judgment has been given provided certain conditions are met. For a foreign judgment to be enforced in the Cayman
Islands, such judgment must be final and conclusive, given by a court of competent jurisdiction (the courts of the Cayman Islands will
apply the rules of Cayman Islands private international law to determine whether the foreign court is a court of competent jurisdiction),
and must not be in respect of taxes or a fine or penalty, inconsistent with a Cayman Islands judgment in respect of the same matter, impeachable
on the grounds of fraud or obtained in a manner, and or be of a kind the enforcement of which is, contrary to natural justice or the public
policy of the Cayman Islands. Furthermore, it is uncertain that Cayman Islands courts would enforce: (1) judgments of U.S. courts
obtained in actions against us or other persons that are predicated upon the civil liability provisions of the U.S. federal securities
laws; or (2) original actions brought against us or other persons predicated upon the Securities Act. There is also uncertainty with
regard to Cayman Islands law relating to whether a judgment obtained from the U.S. courts under civil liability provisions of the securities
laws will be determined by the courts of the Cayman Islands as penal or punitive in nature. A Cayman Islands Court may stay enforcement
proceedings if concurrent proceedings are being brought elsewhere.

As a result of all of
the above, our shareholders may have more difficulty in protecting their interests through actions against us or our officers, directors
or major shareholders than would shareholders of a corporation incorporated in a jurisdiction in the United States.

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You may experience difficulties in effecting service of legal process and enforcing judgments against us and our management, and the ability of U.S. authorities to bring actions abroad.

Currently, a substantial
portion of our operations and personnel are located outside the United States in Canada and Iceland. A majority of the members of our
Board of Directors are nationals or residents of jurisdictions other than the United States, and a substantial portion, if not all, of
their assets are located outside the United States.