Company: BTBT
Filing Date: 2025-06-25
Form Type: 424B5
Source: 0001213900-25-057815
Chunk: 26

Company: Bit Digital, Inc
Filing Date: 2025-06-25
Form: 424B5
Chunk 26
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 time or from time to time, release all or any portion of the ordinary shares subject to the lock-up agreement. Any determination
to release any ordinary shares would be based upon a number of factors at the time of determination, which may include the market price
of the ordinary shares, the liquidity of the trading market of the ordinary shares, general market conditions, the number of ordinary
shares and the timing, purposes and terms of the proposed sale or other transfer. The representative does not have any present intention,
agreement or understanding, implicit or explicit, to release any of the ordinary shares or other securities subject to the lock-up agreements
prior to the expiration of the lock-up period described above.

We have agreed to indemnify the underwriters against
certain liabilities, including liabilities under the Securities Act.

Our ordinary shares are listed on the Nasdaq Capital
Market (the “Nasdaq”) under the symbol “BTBT.”

<div align='center'>S-16</div>

In connection with this offering, the underwriters
may engage in stabilizing transactions, which involves making bids for, purchasing and selling ordinary shares in the open market for
the purpose of preventing or retarding a decline in the market price of the ordinary shares while this offering is in progress. These
stabilizing transactions may include making short sales ordinary shares, which involves the sale by the underwriters of a greater number
of ordinary shares than they are required to purchase in this offering, and purchasing ordinary shares on the open market to cover positions
created by short sales. Short sales may be “covered” shorts, which are short positions in an amount not greater than the underwriters’
option to purchase additional ordinary shares referred to above, or may be “naked” shorts, which are short positions in excess
of that amount. The underwriters may close out any covered short position either by exercising their option to purchase additional ordinary
shares, in whole or in part, or by purchasing ordinary shares in the open market. In making this determination, the underwriters will
consider, among other things, the price of ordinary shares available for purchase in the open market compared to the price at which the
underwriters may purchase ordinary shares through the option to purchase additional ordinary shares. A naked short position is more likely
to be created if the underwriters are concerned that there may be downward pressure on the price of the ordinary shares in the open market
that could adversely affect investors who purchase in this offering. To the extent that the underwriters create a