Company: BTBT
Filing Date: 2025-10-01
Form Type: 424B5
Source: 0001213900-25-094778
Chunk: 148

Company: Bit Digital, Inc
Filing Date: 2025-10-01
Form: 424B5
Chunk 148
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 U.S. Holder, as defined below, that acquires our Ordinary Shares in this offering and holds our Ordinary
Shares as “capital assets” (generally, property held for investment) under the United States Internal Revenue Code of 1986,
as amended (the “Code”). This discussion is based upon existing United States federal income tax law, which is subject to
differing interpretations or change, possibly with retroactive effect. No ruling has been sought from the Internal Revenue Service (the
“IRS”) with respect to any United States federal income tax consequences described below, and there can be no assurance that
the IRS or a court will not take a contrary position.

The following summary does
not address all aspects of U.S. federal income taxation that may be important to particular investors in light of their individual circumstances
or to persons in special tax situations such as certain financial institutions, insurance companies, regulated investment companies,
real estate investment trusts, broker-dealers, traders in securities that elect mark-to-market treatment, S-corporations, partnerships
and their partners, tax-exempt organizations (including private foundations), individual retirement accounts or Roth IRAs, investors
who are not U.S. Holders, U.S. expatriates, investors that own (directly, indirectly, or constructively) 5% or more of our voting stock,
investors that hold their Ordinary Shares as part of a straddle, hedge, conversion, constructive sale or other integrated transaction),
investors that have a functional currency other than the U.S. dollar, investors who hold our Ordinary Shares in connection with a trade
or business outside the United States, all of whom may be subject to tax rules that differ significantly from those summarized below.
In addition, this discussion does not address any tax laws other than the United States federal income tax laws, including any state,
local, alternative minimum tax, estate or gift tax, non-United States tax considerations or the Medicare tax. To the extent that the
discussion relates to matters of United States tax law, it represents the opinion of Davidoff Hutcher & Citron LLP, our United States
counsel.

General

For
purposes of this discussion, a “U.S. Holder” is a beneficial owner of our Ordinary Shares that is, for United States federal
income tax purposes, (i) an individual who is a citizen or resident of the United States, (ii) a corporation (or other entity
treated as a corporation for United States federal income tax purposes) created