Company: BTBT
Filing Date: 2025-10-31
Form Type: S-3ASR
Source: 0001213900-25-104745
Chunk: 10

Company: Bit Digital, Inc
Filing Date: 2025-10-31
Form: S-3ASR
Chunk 10
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 U.S. courts obtained in actions
against us or other persons that are predicated upon the civil liability provisions of the U.S. federal securities laws; or (2) original
actions brought against us or other persons predicated upon the Securities Act. There is also uncertainty with regard to Cayman Islands
law relating to whether a judgment obtained from the U.S. courts under civil liability provisions of the securities laws will be determined
by the courts of the Cayman Islands as penal or punitive in nature. A Cayman Islands Court may stay enforcement proceedings if concurrent
proceedings are being brought elsewhere.

As a result of all of the
above, our shareholders may have more difficulty in protecting their interests through actions against us or our officers, directors or
major shareholders than would shareholders of a corporation incorporated in a jurisdiction in the United States.

You may experience difficulties in effecting service of legal process and enforcing judgments against us and our management, and the ability of U.S. authorities to bring actions abroad.

Currently, a substantial
portion of our operations and personnel are located outside the United States in Canada and Iceland. A majority of the members of our
Board of Directors are nationals or residents of jurisdictions other than the United States, and a substantial portion, if not all, of
their assets are located outside the United States. As a result, it may be difficult for a shareholder to effect service of process within
the United States upon these persons, or to enforce against us or them judgments obtained in U.S. courts, including judgments predicated
upon the civil liability provisions of the securities laws of the United States or any state in the United States. Foreign countries may
have no arrangement for the reciprocal enforcement of judgments with the United States. As a result, recognition and enforcement in a
foreign country of judgments of a court in the United States and any of the other jurisdictions in relation to any matter not subject
to a binding arbitration provision may be difficult or impossible. Even if you sue successfully in a U.S. court or any other jurisdictions,
you may not be able to collect on such judgment against us or our directors and officers. In addition, the SEC, the U.S. Department of
Justice and other U.S. authorities may also have difficulties in bringing and enforcing actions against us or our directors or officers
outside the United States.

We have appointed Bit Digital
USA, Inc., as our agent upon whom process may be served in any action brought against us under the securities laws of the United States.

Ogier (