Company: BTBT
Filing Date: 2025-04-30
Form Type: S-3
Source: 0001213900-25-037166
Chunk: 26

Company: Bit Digital, Inc
Filing Date: 2025-04-30
Form: S-3
Chunk 26
---
 payment. Any ordinary shares
that have been called upon and remain unpaid are subject to forfeiture.

Redemption of ordinary shares. We
may, subject to obtaining the necessary approvals under our memorandum and articles of association, issue shares that are, or at our option
or at the option of the holders are, subject to redemption. Under the Companies Act, shares of a Cayman Islands exempted company may be redeemed or repurchased out of profits of the company,
out of the proceeds of a fresh issue of shares made for that purpose or out of capital, provided the memorandum and articles of association
authorize this ( and any necessary approvals thereunder are duly obtained) and the company has the ability to pay its debts as they fall
due in the ordinary course of business.

No Preemptive Rights. Holders of ordinary
shares do not have preemptive or preferential right to purchase any securities of our company.

Variation of Rights Attaching to Shares. If at any time the share capital is divided into different classes of shares, the rights attaching to any class
(unless otherwise provided by the terms of issue of the shares of that class) may, subject to the memorandum and articles of
association, be varied or abrogated with the consent in writing of the holders of three fourths of the issued shares of that class
or with the sanction of a resolution passed by not less than three-fourths of such holders of the Shares of that class as may be
present in person or by proxy at a separate general meeting of the holders of the Shares of that class.

<div align='center'>8</div>

Anti-Takeover Provisions. Some provisions
of our current memorandum and articles of association may discourage, delay or prevent a change of control of our company or management
that shareholders may consider favorable, including provisions that authorize our board of directors to issue preference shares with enhanced rights to vote without any further
vote or action by our shareholders.

Exempted Company. We are an exempted
company with limited liability under the Companies Act. The Companies Act distinguishes between ordinary resident companies and exempted
companies. Any company that is registered in the Cayman Islands but conducts business mainly outside of the Cayman Islands may apply to
be registered as an exempted company. The requirements for an exempted company are essentially the same as for an ordinary company except
that an exempted company:

| ● | does not have to file an annual return of its shareholders with the Registrar of Companies;                                                       |
| ● | is