Company: BTBT
Filing Date: 2025-06-26
Form Type: 424B5
Source: 0001213900-25-058407
Chunk: 7

Company: Bit Digital, Inc
Filing Date: 2025-06-26
Form: 424B5
Chunk 7
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 a draft registration statement on Form S-1 with
the SEC relating to the proposed initial public offering of WhiteFiber’s ordinary shares. The number of ordinary shares
of WhiteFiber to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is
expected to commence after the SEC completes its review process, subject to market and other conditions.

Restricted Share Unit Grants

In June 2025, we issued an
aggregate of 2,815,963 restricted share units to seven persons, including senior management of Enovum Data Centers Corp. in connection
with the completion of the purchases of WhiteFiber’s data centers in Pointe-Claire (Montreal), Quebec and outside of Greensboro,
North Carolina and other employees of the Company.

Smaller Reporting Company

We qualify as a “smaller
reporting company” as defined in Rule 12b-2 of the Exchange Act. Smaller reporting companies may take advantage of certain
reduced disclosure obligations, including, among other things, providing only two years of audited financial statements. We will remain
a smaller reporting company until the last day of the fiscal year in which we fail to meet the following criteria: (i) the market value
of our ordinary shares held by non-affiliates does not exceed $250 million as of the end of that fiscal year’s second fiscal quarter;
or (ii) the market value of our ordinary shares held by non-affiliates does not exceed $700 million as of the end of that fiscal year’s
second fiscal quarter and our annual revenues for the prior completed fiscal year do not exceed $100 million. To the extent we take advantage
of such reduced disclosure obligations, it may also make comparison of our financial statements with other public companies difficult
or impossible.

Corporate Information

Our executive offices are located at 31 Hudson
Yards, Floor 11, New York, NY 10001. Our telephone number is (212) 463-5121, and our website address is https://bit-digital.com/.
Information on or connected to our website is not a part of or incorporated by reference into this prospectus supplement. We have included
our website address in this prospectus supplement solely as an inactive textual reference.

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The Offering

| Ordinary shares offered by us                   |     | 75,000,000 ordinary shares.                                                                                                                                                                                                                                                                                                                                                      |
| Underwriters’ Option                            |     | We