Company: BTBT
Filing Date: 2025-08-05
Form Type: DEF 14A
Source: 0001213900-25-071508
Chunk: 9

Company: Bit Digital, Inc
Filing Date: 2025-08-05
Form: DEF 14A
Chunk 9
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| (2) | Applicable percentage of voting power is based on 319,965,103 Ordinary                                                             
 Shares outstanding and 1,000,000 Preference Shares, each with fifty (50) votes, or an aggregate of 50,000,000 voting securities as 
 of July 18, 2025, together with securities exercisable or convertible into Ordinary Shares within sixty (60) days as of such date  
 for each shareholder.                                                                                                              |

| (3) | Erke Huang (through Even Green Holdings Limited) and Zhaohui Deng are                                                                           
 the beneficial owners of 300,000 and 700,000 Ordinary Shares, respectively, issuable upon the conversion of 1,000,000 Preference                
 Shares owned by Geney Development Limited (“GDL”), a BVI entity, located at 4th Floor Waters Edge Building,                                     
 Meridian Plaza, Road Town, Tortola VG1110, British Virgin Islands. The Company’s Amended and Restated Memorandum and Articles of                
 Association, filed in the Cayman Islands on or about April 30, 2021, provides that (i) all Preference Shares are convertible                    
 into Ordinary Shares on a one-for-one basis and (ii) for all Company matters requiring the vote of Members by a poll or by proxy,               
 each Preference Share shall carry 50 votes per Preference Share, or an aggregate of 50,000,000 votes, which are equal to approximately          
 15.6% of the 319,965,103 issued and outstanding shares as of July 18, 2025 or approximately 13.5% of the voting power, including the Preference 
 Shares.                                                                                                                                         |

| (4) | Of this amount, 80,000 Ordinary Shares are held in the name                                                                            
 of Percival Services, LLC (“Percival”), a limited liability company organized under the laws of the Commonwealth of Puerto             
 Rico. Mr. Pierce is the Managing Director of Percival Services which has as Director Agreement with Bit Digital Inc. for Mr. Pierce to 
 act as its representative.                                                                                                             |

<div align='center'>- 4 -

PROPOSAL 1

APPROVAL OF THE PROPOSED INCREASE TO THE
COMPANY’S AUTHORIZED SHARE CAPITAL</div>

Overview

On July 25, 2025, the Board unanimously approved, subject to shareholder approval, an increase in the Company’s authorized share capital from US$3,500,000 divided into 340,