Company: BTBT
Filing Date: 2025-10-01
Form Type: 424B5
Source: 0001213900-25-094778
Chunk: 144

Company: Bit Digital, Inc
Filing Date: 2025-10-01
Form: 424B5
Chunk 144
---
| ● | an effective judicial system;         |
| ● | a favorable tax system;               |
| ● | the absence of exchange               
 control or currency restrictions; and |
| ● | the availability of professional      
 and support services.                 |

Our corporate affairs are governed by our amended
and restated memorandum and articles of association and by the Companies Act (Revised) of the Cayman Islands and common law of the Cayman
Islands. The rights of shareholders to take legal action against our directors and us, actions by minority shareholders and the fiduciary
responsibilities of our directors to us under Cayman Islands law are to a large extent governed by the common law of the Cayman Islands.
The common law of the Cayman Islands is derived in part from comparatively limited judicial precedent in the Cayman Islands as well as
from English common law. Appeals from the Cayman Islands Courts to the Privy Council (which is the final court of appeal for British
overseas territories, such as the Cayman Islands) are binding on courts in the Cayman Islands. Decisions of the English courts, and particularly
the Supreme Court of the United Kingdom and the Court of Appeal are generally of persuasive authority but are not binding on the courts
of the Cayman Islands. Decisions of courts in other Commonwealth jurisdictions are similarly of persuasive but not binding authority.
The rights of our shareholders and the fiduciary responsibilities of our directors under Cayman Islands law are not as clearly established
as they would be under statutes or judicial precedents in the United States. In particular, the Cayman Islands has a different body of
securities laws as compared to the United States and provide less protection to investors. In addition, Cayman Islands companies may
not have standing to initiate a shareholder derivative action before the U.S. federal courts. The Cayman Islands courts are also unlikely
(i) to recognize or enforce against us judgments of courts of the United States obtained against us or our directors or officers
predicated upon the civil liability provisions of the securities laws of the United States or any state in the United States; and (ii) in
original actions brought in the Cayman Islands, to impose liabilities against us or our directors or officers predicated upon the civil
liability provisions of the securities laws of the United States or any state in the United States, so far as the liabilities imposed
by those provisions are penal in nature. In those circumstances, although there is currently no statutory enforcement or treaty between
the United States and