Company: BTBT
Filing Date: 2025-09-29
Form Type: 424B5
Source: 0001213900-25-093122
Chunk: 65

Company: Bit Digital, Inc
Filing Date: 2025-09-29
Form: 424B5
Chunk 65
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 shares (other than a change 
 in par value, or from par value to no par value, or changes resulting from a subdivision 
 or combination);                                                                         |

| ● | any                                                                     
 consolidation, merger, combination or similar transaction involving us; |

| ● | any                                                                                       
 sale, lease or other transfer to a third party of the consolidated assets of ours and our 
 subsidiaries substantially as an entirety; or                                             |

| ● | any                       
 statutory share exchange, |

in each case, as a result of which the ordinary shares would be converted into, or exchanged for, stock, other securities, other property or assets (including cash or any combination thereof) (any such event, a “share exchange event”), then we or the successor or purchasing company, as the case may be, will execute with the trustee a supplemental indenture providing that, at and after the effective time of the share exchange event, the right to convert each $1,000 principal amount of notes will be changed into a right to convert such principal amount of notes into the kind and amount of shares of stock, other securities or other property or assets (including cash or any combination thereof) that a holder of a number of ordinary shares equal to the conversion rate immediately prior to such share exchange event would have owned or been entitled to receive (the “reference property”) upon such share exchange event. However, at and after the effective time of the share exchange event, (i) we or the successor or purchasing company, as the case may be, will continue to have the right to determine the form of consideration to be paid or delivered, as the case may be, upon conversion of notes, as set forth under “—Settlement upon Conversion” and (ii)(x) any amount payable in cash upon conversion of the notes as set forth under “—Settlement upon Conversion” will continue to be payable in cash, (y) any ordinary shares that we would have been required to deliver upon conversion of the notes as set forth under “—Settlement upon Conversion” will instead be deliverable in the amount and type of reference property that a holder of that number of ordinary shares would
have received in such share exchange event and (z) the daily VWAP will be calculated based on the value of a unit of reference property
that a holder of one ordinary share would have received in such share exchange event. If the share exchange event causes the ordinary
shares to be converted into, or exchanged for, the right to receive more than a single type of consideration (determined