Company: BTBT
Filing Date: 2025-06-26
Form Type: 424B5
Source: 0001213900-25-058407
Chunk: 9

Company: Bit Digital, Inc
Filing Date: 2025-06-26
Form: 424B5
Chunk 9
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 ● | the level of short interest in our shares; and |

| ● | other risks, uncertainties and factors described in our 2024 Form 10-K. |

In addition, the stock markets
in general have experienced extreme volatility that has often been unrelated to the operating performance of issuers. These broad market
fluctuations may negatively impact the price or liquidity of our ordinary shares. When the price of a stock has been volatile, holders
of that stock have sometimes instituted securities class action litigation against the issuer, which requires significant management
time and attention, resulting in significant legal expenses and potential damages.

Sales of substantial amounts of our ordinary shares in the public market, or the perception that these sales may occur, could cause the market price of our ordinary shares to decline. We are unable to predict the effect that such sales may have on the prevailing market price of the ordinary shares.

Sales of substantial amounts
of our ordinary shares in the public market, or the perception that these sales may occur, could cause the market price of our ordinary
shares to decline. This could also impair our ability to raise additional capital through the sale of our equity securities. Under our
Amended and Restated Memorandum and Articles of Association, we are authorized to issue up to 340,000,000 ordinary shares, of which 283,530,871 ordinary shares will be outstanding following this offering (or 294,780,871 ordinary shares if the underwriters exercise their option
to purchase additional shares in full). We may issue additional ordinary shares, which may dilute existing shareholders, including purchasers
of the ordinary shares offered hereby. In connection with the completion of this offering, we and each of our directors and executive
officers have agreed not to offer, sell or transfer any ordinary shares or securities convertible into, or exchangeable or exercisable
for, ordinary shares, for a period of 60 days after the date of this prospectus supplement, subject to certain exceptions. See “Underwriting.”
B. Riley Securities, Inc., however, may, in its sole discretion, permit us and our directors and executive officers who will be subject
to these lock-up agreements to sell shares prior to the expiration of the lock-up agreements. Following the expiration of the
lock-up period, these shares will be available for sale in the public markets subject to restrictions under applicable securities
laws. We cannot predict the size of future issuances of our shares, or the effect, if any, that future sales and issuances of securities
would have